Deed of exchange can be executed for exchange of land
2) it should be duly stamped and registered
3) stamp duty is state subject and varies from state to state
4) you can split stamp duty and registration charges equally
I have 11 bigha ancestral agriculture land in my village in Bulandshahar U.P. I wish to exchange with similar area of agriculture land in same village. 1. What is the procedure and documentation . 2. How much stamp duty is to be paid and by whom? Regards Brijesh
First answer received in 10 minutes.
Lawyers are available now to answer your questions.
Deed of exchange can be executed for exchange of land
2) it should be duly stamped and registered
3) stamp duty is state subject and varies from state to state
4) you can split stamp duty and registration charges equally
1) Its depend upon with whom you are going to exchange Family member or outsider ?
2) You have to make barter agreement (Exchange Agreement) and pay stamp duty and registration as per market value. Kindly contact sub registrar of your area.
The exchange of land can only be done in a chakbandi....consolidation proceedings. Otherwise you have to sell your land and the other person would have to sell his land. Ig would be regarded as a sale in the government records. So a sale deed must be made stating the land that is to be given in return of the land belonging to the other party in addition to some money.
Regards
1. A "settlement deed" can be executed by ALL the residual legal heirs & beneficiaries of the ancestral property with the other party, without any monetary consideration.
2. Typically stamp duty of 500/- would suffice, payable mutually, for the above, IF the same is without any monetary consideration.
3. An Application and the certified copy of the registered settlement deed needs to be given to the village revenue officer, for change in mutation entries, subject to following proper procedure of law.
Keep Smiling .... Hemant Agarwal
Exchange deed can be prepared and executed and registered with the sub-registrar office in the jursisdiction, on stamp duty as applicable as per state law. THe exchange deed needs to be signed by all the heirs as ancestral property.
Dear Sir,
The following information may kindly be read;
Uttar Pradesh Property Registration
All transactions that involve the sale of the immovable property should be registered in India to ensure transfer of clean title to the owner. The registration of property requires preparation of documents and paying the applicable stamp duty registration charges for the sale deed to be legally recorded at the Sub-Registrar’s office. Department of Stamps and Registration manages the registration and transfer of property in Uttar Pradesh. In this article, we look at the procedure for Uttar Pradesh property registration with stamp duty charges.
To know more about Uttar Pradesh Society Registration click here.
Uttar Pradesh Registration Act, 1908
Registration Act provides details regarding the method of registering documents, information regarding legal rights and obligations affecting the particulars property.
Section 17 of Uttar Pradesh Registration Act
Under section 17 of the Registration Act, 1908, all transactions that involve the sale of immovable property for a value exceeding Rs. 100, should be registered, i.e. all transactions of sale of the immovable property that has to be registered. Additionally, all transactions of a gift of immovable property, as well as a lease deed for a duration exceeding 12 months are also mandatorily needed to be registered in Uttar Pradesh.
Purpose of Property Registration (Deed Registration)
Transfer of immovable property can only be effected by way of registration. Registration of a document of transfer of immovable property provides the following benefits:
Documents Required
Documents required for registering deeds in Uttar Pradesh is explained in detail here.
Time Frame
After the presentation of the property/deed, registration proceedings be settled on the same day.
Concerned Authority
The parties can approach submit the application forms relating to property registration services at the Sub-Registrar’s Offices of Stamps & the Registration Department, Government of Uttar Pradesh.
Time Limit and Fee Applicable
The property that has to be mandatorily registered should be registered within four months from the date of their execution, along with the needed fee. e
The registration fee for the property documents is 1% of the value of the property, subject to a maximum of Rs 30,000.
Appointment for Property Registration
Before the registration of property, the citizens who are interested, they have to take appointment first in the website. For an appointment, you have to fix the date and time online.
Apply for an appointment by the following steps below:
Step 1: Applicant has to visit the official website of Registration and Stamp department.
Step 2: Now enter your application number and password.
Step 3: You have to enter the captcha code and click on the submit button.
Step 4: Then select the available date and visit the Sub – Registrar Office (SRO) on the fixed date.
Online Property Registration Procedure
In Uttar Pradesh, to register a property/land in the state, kindly follow the step by step procedures given:
Step 1: For registering property in Uttar Pradesh, you have to visit the official website of Registration and Stamp department.