Office of Atul Singh, Advocate
Atul Singh
11 Years Exp
Exchange Deed (Show More)
North East Delhi , Faridabad Sector 29
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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 : Atul Singh
Law Firm Name : Office of Atul Singh, Advocate
Country : India
City : North East Delhi
State : DELHI
Practicing Since: 2014
About Your Firm : Enrolled as an Advocate with the Bar Council of Delhi in 2014.Practicing in Delhi High Court mainly on Civil, Writ, Original and Appellate side as well as in various District Courts of Delhi NCR. Appeared before the Hon’ble National Green Tribunal and Arbitration Tribunals in numerous matters. Apart from other nature of litigation, have handled cases relating to Writs, Suits for injunction, recovery of money and specific performance of contract. ?Having keen interest in criminal law, have been appearing in a variety of matters before the Hon’ble High Court on the Criminal Writ and Appellant Jurisdiction as well as the Sessions Court and the Court of Metropolitan Magistrate. Represented clients in matters pertaining to Anticipatory Bail, Matrimonial offences, offences against person and property, cheating, forgery and economic offences including complaint under the Negotiable Instruments Act. ?Being Alumni of the prestigious Indian Military Academy, it has been a continuous effort to render service as an Advocate, with the same zeal and professionalism befitting the ethos of alma mater.
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Atul Singh, Advocate | D/2365/2014 | Bar Council of Delhi |
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
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