PURUSHOTTAM MITTAL
PURUSHOTTAM MITTAL
50 Years Exp
Exchange Deed (Show More)
East Delhi , Anandvas Shakurpur
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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 : PURUSHOTTAM MITTAL
Law Firm Name : PURUSHOTTAM MITTAL
Country : India
City : East Delhi
State : DELHI
Practicing Since: 1976
About Your Firm : I am doing Practice as an Advocate since 1976 and Panel Advocate of more than 10 Banks and submitted more than 5000 Title Verification Reports to various Banks and having specialization in Money Recovery Suits, Cheque Bounce Cases, Property matters, Drafting of Agreements, Power of Attorneys, Sale Deeds, WILLS etc.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| PURUSHOTTAM MITTAL | D/265/1stA/1976 | DELHI BAR COUNCIL |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Procure Specific Property Document(s) ( RTC )
Agreements/Deeds(Bulk) ( Agreement for land sourcing )
Power of Attorneys ( Drafting General Power of Attorney )
Procure Specific Property Document(s) ( Mutation )
Agreements/Deeds(Bulk) ( Construction Agreement )
Power of Attorneys ( Drafting Special Power of Attorney )
Procure Specific Property Document(s) ( Electricity Bill Name Transfer )
Agreements/Deeds(Bulk) ( Sale Deed )
Land Sourcing ( Apartment/Builder Floor )
Procure Specific Property Document(s) ( Cerified copy of sale deed )
Packages ( Apartment/Builder Floor )
Project Approvals ( Apartment/Builder Floor )
Land Sourcing ( Residential Layout )
Procure Specific Property Document(s) ( Certified copy of revenue document )
Packages ( Residential Layout )
Project Approvals ( Residential Layout )
Land Sourcing ( Villa Project )
Procure Specific Property Document(s) ( Certified copy of registered documents )
Packages ( Villa Project )
Project Approvals ( Villa Project )
Land Sourcing ( Commercial complex )
Procure Specific Property Document(s) ( Occupancy Certificate )
Packages ( Commercial complex )
Project Approvals ( Commercial complex )
Procure Specific Property Document(s) ( Encumbrance Certificate )
Agreements/Deeds(Bulk) ( Memorandum of Understanding )
Legal Opinion/Title Certification ( Apartment/Builder Floor )
Project Approvals ( Conversion of Land )
Procure Specific Property Document(s) ( Khata / Khata Extract )
Agreements/Deeds(Bulk) ( Joint Development Agreement )
Legal Opinion/Title Certification ( Residential Layout )
CREDAI Registration ( CREDAI Registration Assistance )
Procure Specific Property Document(s) ( Khata Certificate/Transfer )
Agreements/Deeds(Bulk) ( Agreement of Sale )
Legal Opinion/Title Certification ( Villa Project )
Forming Owners Associations/Societies ( Apartments )
Procure Specific Property Document(s) ( Property Tax Paid Receipt )
Agreements/Deeds(Bulk) ( Agreement of Sale with GPA & Possession )
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Procure Revenue Documents ( Encumbrance Certificate )
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