Niti Bodh

 Pulkit Prakash

 13 Years Exp

 Exchange Deed (Show More)

, Delhi Industrial Area

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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 : Pulkit Prakash

Law Firm Name : Niti Bodh

Country : Andorra

Practicing Since: 2013

About Your Firm : We are determined and diligent professional with qualitative experience in Legal Practicing and Legal Advisory, Corporate and Commercial Laws; having exposure in multi-faceted domains Legal Advisory, Understanding Legal Concepts & Public & Personal Laws, Contract Management, Client Relationship Management, etc.

Manpower/Employee Details

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Pulkit Prakash D/843/2014 Bar Council of Delhi

 

  Procure Specific Property Document(s) ( Mutation )
  Agreements/Deeds(Bulk) ( Construction Agreement )
  Legal Opinion/Title Certification ( Commercial complex )
  Procure Specific Property Document(s) ( Cerified copy of sale deed )
  Agreements/Deeds(Bulk) ( Sale Deed )
  Power of Attorneys ( Drafting General Power of Attorney )
  Procure Specific Property Document(s) ( Certified copy of revenue document )
  Project Approvals ( Apartment/Builder Floor )
  Packages ( Apartment/Builder Floor )
  Power of Attorneys ( Drafting Special Power of Attorney )
  Procure Specific Property Document(s) ( Certified copy of registered GPA/SPA )
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  Land Sourcing ( Apartment/Builder Floor )
  Procure Specific Property Document(s) ( Certified copy of registered documents )
  Project Approvals ( Villa Project )
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  Procure Revenue Documents ( Khata Certificate )
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  Buying Selling of Property in India ( Buying/Selling of Property in India )
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  Succession Certificate ( Succession Certificate )

 Corporate Services

  SEZ Approvals ( Export Oriented Units )
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