Girish Associates
GIRISH H.T.- Advocate
30 Years Exp
Exchange Deed (Show More)
Bangalore , Banashankari III Stage
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Overview
As per provisions contains in Section 118 of Transfer of Property Act, when two persons mutually transfer the ownership of one thing for the ownership of another, neither thing or both the things being money only, such a transaction is called an exchange. This definition is not restricted to immovable property only.
Thus, exchange implies, when two separate property owners mutually agree to transfer the ownership rights by exchanging the property. Further, exchange also means exchange of lands and barter of goods too.
If one of the items that has been transferred in money, then it is not an exchange but sale, because sale should always be for a price. But money in one form can be exchanged for money in another.
In case of exchange, the transfer of ownership of one thing is not the price paid or promised to pay, but something else in lieu. For example: if a person transfers a land valued Rs.20,00,000/- to another and in return, the other person transfers a shop valued Rs.18,00,000/- and pay Rs.2,00,000/- in cash, it is an exchange.
This type of exchange transactions can be reduced into writing in the form of Property Exchange Deed. This Exchange Deed document for transfer of property rights need to be registered with the jurisdictional sub Registrar’s Office by paying prescribed stamp duty. While drafting the exchange deed and its registration including the document execution, its presentation and admission utmost care need to be taken, since this is a complex process.
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Name : GIRISH H.T.- Advocate
Law Firm Name : Girish Associates
Country : India
City : Bangalore
State : KARNATAKA
Practicing Since: 1995
About Your Firm : I am Legal Adviser for (1)Bank of Maharashtra, (2)Corporation Bank, (3)Central Bank of India, (4)Canara Bank, (5)Can Fin Homes Limited, (6)DHFL Vysya Housing Finance Ltd., and (7)Surabhi Souharda Credit Co-Operative Ltd. Ours is a Law Firm, where a team of Advocates deal with all types of cases in Civil, Criminal, Corporate Law, Taxation, Intellectual Property Rights, Patents, Trademarks etc. We provide all types of services under one shelter for our clients. Cases handled in Civil Court, High Court, Appellate Tribunals. I have dealt with Labor Disputes, Motor Vehicle Accidents, Insurance, Arbitration Proceedings, various cases in Banking matters, DRT, DRAT, matters pertaining to SARFAESI Act, Negotiable Instruments Act, Recovery suits, Property Disputes, Business Litigation, Family Disputes and Co-Operative matters. Non Litigation : Apart from above banks, as a team, I have assisted in providing Legal Opinions for State Bank of India, India Bulls, IDBI Bank, Axis Bank, Shriram Housing Finance Ltd., Union Bank of India and Central Bank of India.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Girish.H.T. | KARNATAKA | |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
| Prakash | Yateesh Kumar | Nagaraj |
Legal & Drafting
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