Atul Kumar Singh Advocate
Atul Kumar Singh
12 Years Exp
Exchange Deed (Show More)
East Delhi , Dada Ghosh Bhawan
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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 Kumar Singh
Law Firm Name : Atul Kumar Singh Advocate
Country : India
City : East Delhi
State : DELHI
Practicing Since: 2014
About Your Firm : Atul Kumar Singh Advocate est. K.S. Law Offices in the year 2015 and is serving esteem organization such as Odeon Builders Pvt Ltd, Amarpali Silicon City, Columbia Petro Chem Pvt ltd etc. K.S. Law Offices not only served Private Organizations with best of its abilities but also served govt. Department such as DJB, DDA and DTC. The K.S. Law Offices is know for effective and affordable resolution of dispute and is having vast knowledge in the field of Arbitration Writ Petition Recovery Matters Banks and Financial Institution Matters Cheque Bouncing 138 Matters Mergers and Demerger Matters. Winding up of Company matters Family Matters Consumers matters Criminal/Matrimonial Matters Service/Labour Matters Execution/Suits/Declaration etc. matters and Others. Atul Kumar Singh Advocate represented for and on behalf of K.S. Law Offices in Supreme Court, NCDRC, NCLT, CAT, NGT, state Commission, Delhi High Court, Bombay High Court, Delhi District Courts, Delhi School Tribunal, RCS etc. No Consultation fees for any matters. With Regards Atul Kumar Singh Advocate 955552655
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