Independent Lawyer

 Amol Umedsing Girase

 21 Years Exp

 Exchange Deed (Show More)

, Dwarka Corner

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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 : Amol Umedsing Girase

Law Firm Name : Independent Lawyer

Country : Andorra

Practicing Since: 2005

About Your Firm : Independent Practising in nashik court

Manpower/Employee Details

Sr Employee Associated Sr Employee Enrollment/Reg.No Sr Employee Enrollment/Reg.State
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Anup Petkar Nashik

 

  Agreements/Deeds(Bulk) ( Agreement of Sale )
  Power of Attorneys ( Drafting Special Power of Attorney )
  Packages ( Apartment/Builder Floor )
  Agreements/Deeds(Bulk) ( Agreement of Sale with GPA & Possession )
  Packages ( Residential Layout )
  Agreements/Deeds(Bulk) ( Agreement for land sourcing )
  Packages ( Villa Project )
  Agreements/Deeds(Bulk) ( Construction Agreement )
  Forming Owners Associations/Societies ( Apartments )
  Packages ( Commercial complex )
  Agreements/Deeds(Bulk) ( Sale Deed )
  Legal Opinion/Title Certification ( Apartment/Builder Floor )
  Procure Specific Property Document(s) ( Encumbrance Certificate )
  Legal Opinion/Title Certification ( Residential Layout )
  Procure Specific Property Document(s) ( Mutation )
  Legal Opinion/Title Certification ( Villa Project )
  Procure Specific Property Document(s) ( Cerified copy of sale deed )
  Legal Opinion/Title Certification ( Commercial complex )
  Procure Specific Property Document(s) ( Certified copy of revenue document )
  Agreements/Deeds(Bulk) ( Memorandum of Understanding )
  Procure Specific Property Document(s) ( Certified copy of registered documents )
  Agreements/Deeds(Bulk) ( Joint Development Agreement )
  Power of Attorneys ( Drafting General Power of Attorney )

 Legal & Drafting

  Agreements/Deeds ( Partition Deed )
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  Packages ( Sale Agreement to Registration (Plot/Site) )
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  Affidavits ( Other Affidavits )
  Lease/Rental Agreements ( Commercial Office Rental Agreement )
  Packages ( Sale Agreement to Registration (Apartment) )
  Agreements/Deeds ( Sale deed )
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  Wills ( Make A will )
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  Packages ( Legal Opinion to Registration (Apartment) )
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  Agreements/Deeds ( Exchange Deed )
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  Packages ( Legal Opinion to Registration (Plot/Site) )
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