Know More About Exchange Deed

What Is Exchange Deed

An exchange deed is a type of deed registered between owners of properties in order to exchange the properties between the transacting parties. The transaction is different from a conventional property sale because there is no transfer of money between the parties.

Can we exchange property

We are aware that transfer of any property against consideration is called “Sale”, and transfer without consideration is called “Gift”. Now when a property has been exchanged with another property it is called “Exchange”. There may be both immovable or movable property, which can be transferred through exchange.

What is the difference between sale and exchange

Sale refers to immovable property only, whereas exchange refers to both movable and immovable properties. The consideration in sale is price paid or promised and partly paid or partly promised, exchange on the other hand has the consideration for transfer of one property in exchange for another property.

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Documents Required For Exchange Deed

*Mother Deed

*Present Khata

*Latest Tax Paid Receipt

*Vendor (Aadhar & Pan Card)

*Vendee (Aadhar & Pan Card)