Reddy & Associates

 CHINNAPA REDDY

 25 Years Exp

 Exchange Deed (Show More)

 Hyderabad , Musheerabad (Delivery)

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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.


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Name : CHINNAPA REDDY

Law Firm Name : Reddy & Associates

Country : India

City : Hyderabad

State : TELANGANA

Practicing Since: 2000

About Your Firm : Practicing since 2000 in the office of P.Venugopal, The then Advocate General for the state of A.P in civil matters, Writ Jurisdiction, Consumer Forum, State & Centrel Administrative Tribunal, Worked as Legal Manager for Reliance group, Worker as Legal Manager in Suchirindia Pvt Ltd. Expert in Due diligence Reports, Search Reports, Drafting, Vetting of documents, Legal Opinions, etc,.

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
P.Venugopal Ap
Jr Employee Associated Jr Employee Enrollment/Reg.No Jr Employee Enrollment/Reg.State

 

  Power of Attorneys ( Drafting Special Power of Attorney )
  Legal Opinion/Title Certification ( Apartment/Builder Floor )
  Legal Opinion/Title Certification ( Residential Layout )
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 NRI Services

  Propert Transfer ( Land and Property Transfer )
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