Law chamber
PAVANANJAYA
19 Years Exp
Exchange Deed (Show More)
Dakshina Kannada , Kodiyalbail
View Answers by this Partner (0)
Profile Views : 63824
Information
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.
Photos
Name : PAVANANJAYA
Law Firm Name : Law chamber
Country : India
City : Dakshina Kannada
State : KARNATAKA
Practicing Since: 2006
About Your Firm : I am practicing since 2006 as a civil Advocate in Mangalore I am handling civil Matters M.C Cases , Consumer cases Registration work Revenue work, Legal Opinion etc
| Sr Employee Associated | Sr Employee Enrollment/Reg.No | Sr Employee Enrollment/Reg.State |
|---|---|---|
| Jr Employee Associated | Jr Employee Enrollment/Reg.No | Jr Employee Enrollment/Reg.State |
Packages ( Villa Project )
Procure Specific Property Document(s) ( Encumbrance Certificate )
Packages ( Commercial complex )
Procure Specific Property Document(s) ( Khata / Khata Extract )
Legal Opinion/Title Certification ( Apartment/Builder Floor )
Procure Specific Property Document(s) ( Khata Certificate/Transfer )
Legal Opinion/Title Certification ( Residential Layout )
Power of Attorneys ( Drafting General Power of Attorney )
Legal Opinion/Title Certification ( Villa Project )
Forming Owners Associations/Societies ( Apartments )
Legal Opinion/Title Certification ( Commercial complex )
Land Sourcing ( Apartment/Builder Floor )
Agreements/Deeds(Bulk) ( Memorandum of Understanding )
Land Sourcing ( Residential Layout )
Agreements/Deeds(Bulk) ( Joint Development Agreement )
Land Sourcing ( Villa Project )
Agreements/Deeds(Bulk) ( Agreement of Sale )
Land Sourcing ( Commercial complex )
Packages ( Apartment/Builder Floor )
Agreements/Deeds(Bulk) ( Agreement of Sale with GPA & Possession )
Packages ( Residential Layout )
Project Approvals ( Conversion of Land )
Legal & Drafting
Packages ( Sale Agreement to Registration (Plot/Site) )
Lease/Rental Agreements ( Commercial Office Rental Agreement )
Notary & Attestation Services ( Gazetted Officer Attestation )
e-stamp paper ( Get E-stamp paper )
Agreements/Deeds ( Construction Agreement )
Consultation on Property ( Property Buying )
Procure Revenue Documents ( Duplicate/Certified copy of sale deed )
Agreements/Deeds ( Memorandum of Understanding )
Packages ( Sale Agreement to Registration (Apartment) )
Lease/Rental Agreements ( Commercial Shop Rental Agreement )
Utility/Property Payments ( Property Tax Payment )
Property & Documents Inspection ( Plot/Site Insepction )
Agreements/Deeds ( Sale deed )
Consultation on Property ( Property Selling )
Procure Revenue Documents ( Certified copy of revenue document )
Registration Assistance ( Plot )
Packages ( Legal Opinion to Registration (Apartment) )
Lease/Rental Agreements ( Commercial Lease Agreement )
Utility/Property Payments ( Electricity Bill Payment )
Property & Documents Inspection ( House/Apartment Inspection )
Agreements/Deeds ( Gift Deed )
Procure Revenue Documents ( Encumbrance Certificate )
Procure Revenue Documents ( Certified copy of registered GPA/SPA )
Registration Assistance ( Apartment )
Legal Opinion (Written) ( Plots )
Lease/Rental Agreements ( Residential Lease Agreement )
Utility/Property Payments ( Water Bill Payment )
Property & Documents Inspection ( Documents Inspection in Govt Office )
Agreements/Deeds ( Sale Agreement/Deed Review )
Procure Revenue Documents ( Khata Extract )
Procure Revenue Documents ( Certified copy of registered documents )
Registration Assistance ( Villas )
Legal Opinion (Written) ( Apartment )
Lease/Rental Agreements ( Room Rental Agreement )
Affidavits ( Name & Address Affidavits )
Property & Documents Inspection ( Fraud & forgery Inspection )
Agreements/Deeds ( Construction Agreement Review )
Procure Revenue Documents ( Khata Certificate )
Procure Revenue Documents ( Other Revenue Documents )
Registration Assistance ( Independent House )
Legal Opinion (Written) ( Villas )
Lease/Rental Agreements ( Car Parking Agreement )
Affidavits ( Personal Affidavits )
Property & Documents Inspection ( Agriculture Land Inspection )
Agreements/Deeds ( Rectification Deed )
Procure Revenue Documents ( Khata Transfer )
Power of Attorneys ( General Power of Attorney )
Registration Assistance ( Agriculture Land )
Affidavits ( Student Affidavits )
Legal Opinion (Written) ( Independent House )
Lease/Rental Agreements ( Settlement Of Rental Agreement )
Property & Documents Inspection ( Industrial / Commercial Inspection )
Agreements/Deeds ( Relinquishment deed )
Procure Revenue Documents ( Mother Deed Extract )
Power of Attorneys ( Revoke/cancel Power of Attorney )
Registration Assistance ( Commercial Property )
Affidavits ( Passport Affidavits )
Legal Opinion (Written) ( Agriculture Land )
Lease/Rental Agreements ( Paying Guest Agreement )
Procure Revenue Documents ( Copy of Grant Certificate )
Agreements/Deeds ( Mortgage Deed )
Construction Approvals ( Residential )
Registration Assistance ( Revenue/Other Site )
Affidavits ( Gas Affidavits )
Legal Opinion (Written) ( Commercial Property )
Lease/Rental Agreements ( Leave And Licence )
Procure Revenue Documents ( Pahani/RTC )
Agreements/Deeds ( Exchange Deed )
Construction Approvals ( Commercial )
Lease/Rental Agreements ( Apartment Rental Agreement )
Wills ( Make A Codicil )
Affidavits ( General Affidavits )
Legal Opinion (Written) ( Revenue/Other Site )
Lease/Rental Agreements ( NOC From Landlord )
Procure Revenue Documents ( Mutation )
Agreements/Deeds ( Release Deed )
Wills ( Make A will )
Lease/Rental Agreements ( House Rental agreement )
Notary & Attestation Services ( Get A Document Notarised )
Packages ( Legal Opinion to Registration (Plot/Site) )
Affidavits ( Other Affidavits )
Agreements/Deeds ( Agreement of Sale )
Lease/Rental Agreements ( Other Lease/Rental Agreements )
Procure Revenue Documents ( Electricity Bill Name Transfer )
Agreements/Deeds ( Partition Deed )
NRI Services
Property Partition ( Partition of Land And Property )
Property Disputes ( Illegal Sale of Land And Property )
Property Disputes ( Illegal Transfer of Land And Property )
Succession Certificate ( Succession Certificate )
Power of Attorneys for NRIs ( General Power of Attorney by NRI )
Power of Attorneys for NRIs ( Special Power of Attorney by NRI )
Buying Selling of Property in India ( Buying/Selling of Property in India )
Property Search ( Land And Property Search )
Propert Transfer ( Land and Property Transfer )
Realtors
RERA Consultation ( RERA Approved Agent )
RERA Consultation ( RERA Consultant )
Subject : Registration of property
Question : Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you
Answer by Law chamber : Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok
Subject : Registration of property
Question : Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you
Answer by Law chamber : Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok
Subject : Registration of property
Question : Hello, I want advice on property registration. I have flat of 900 super built up area in Patna which I want to sell for Rs 27 lakhs. A buyer has agreed and an agreement has been made accordingly. However as per valuation the value of a property of 900 sq feet in my area is Rs 36 lakhs. Now the buyer wants to register the sale deed at Rs 36 lakhs. As payments will be made to my bank account, what will be the legal aspects and tax problems as payment amount will be Rs 27 lakhs,and I shall have to pay income tax accordingly. Please advice on the course of action to be taken. Thank you
Answer by Law chamber : Yes you have to pay income tax on 36 lakhs you shoud avaid that you can do sale deed 27 lakhs ok
