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Exchange of Property
2 years ago
We are planning to exchange property from our far relative, He(relative) will be transferring some land to our name (three brothers) and in exchange we will be transferring our land in their name.
Wanted to understand what will be correct legal process to follow in U.P. to handle this case. Do we have to follow any approach mentioned below or anything else.
1) Registered Sale deed
2) Gift deed.
3) Exchange of property
What is correct approach here as we need to sale that property which will be getting from relative after some time so looking for legally safe and cost effective approach.
Thanks in advance.
A.Dear Client,
As per the facts mentioned, you may file and application for register Exchange Deed in the office of Sub-Registrar.
As per the facts mentioned, you may file and application for register Exchange Deed in the office of Sub-Registrar.
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A.Dear Sir,
You have to get register Exchange Deed in the office of Sub-Registrar.
I could have explained more if background is known to me. You are supposed to give more details to get detailed answer.
Please be inform that free questions deserves to be attended on priority basis so be brief but disclose summary of your case.
You have to get register Exchange Deed in the office of Sub-Registrar.
I could have explained more if background is known to me. You are supposed to give more details to get detailed answer.
Please be inform that free questions deserves to be attended on priority basis so be brief but disclose summary of your case.
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Advocate Sinjari Bandyopadhyaya
Responded 2 years ago
A.It is necessary to execute and register Deed of Exchange in this regard with such legal terms and the respective property descriptions through different Schedules which are subject matter of such property exchange.
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