Swastika law firm
Ashok Mishra
18 Years Exp
Exchange Deed (Show More)
Lucknow , Manaknagar
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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 : Ashok Mishra
Law Firm Name : Swastika law firm
Country : India
City : Lucknow
State : UTTAR PRADESH
Practicing Since: 2007
About Your Firm : Swastika law firm, lucknow is a India's number one law firm. Our firm provides all legal information, litigation, advice, proceedings and resources. Our services are available in all types of court, family court.,consumer forum, state commission tribunals, Highcourt lucknow /Allahabad.
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Procure Specific Property Document(s) ( Certified copy of revenue document )
Project Approvals ( Apartment/Builder Floor )
Packages ( Residential Layout )
Land Sourcing ( Villa Project )
Procure Specific Property Document(s) ( Certified copy of registered GPA/SPA )
Project Approvals ( Residential Layout )
Packages ( Villa Project )
Land Sourcing ( Commercial complex )
Procure Specific Property Document(s) ( Certified copy of registered documents )
Project Approvals ( Villa Project )
Packages ( Commercial complex )
Procure Specific Property Document(s) ( Encumbrance Certificate )
Procure Specific Property Document(s) ( Occupancy Certificate )
Project Approvals ( Commercial complex )
Legal Opinion/Title Certification ( Apartment/Builder Floor )
Procure Specific Property Document(s) ( Khata / Khata Extract )
Agreements/Deeds(Bulk) ( Memorandum of Understanding )
Project Approvals ( Conversion of Land )
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Procure Specific Property Document(s) ( Khata Certificate/Transfer )
Agreements/Deeds(Bulk) ( Joint Development Agreement )
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Procure Specific Property Document(s) ( Property Tax Paid Receipt )
Agreements/Deeds(Bulk) ( Agreement of Sale )
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Forming Owners Associations/Societies ( Apartments )
Procure Specific Property Document(s) ( RTC )
Agreements/Deeds(Bulk) ( Agreement of Sale with GPA & Possession )
Power of Attorneys ( Drafting General Power of Attorney )
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