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pg   12 September 2015

Information needed about exchange of property in trust

I need more information on the exchange of property in Maharashtra.. Meaning that if I want to exchange the property of the trust having same valuation, is it possible?? If yes what is the process for that?


 1 Replies

kavksatyanarayana (subregistrar/supdt.(retired))     25 September 2015

@author, any one having property can exchange his property with others by a mutual consent.  But in your case, the property which you want to exchange, is a Trust Property.  Hence first of all, the Trust Member shall pass a "resolution" for exchange of property with the majority and it shall be noted in the ex-change deed.  The cost of stamp duty shall be paid as a Sale on the property which is higher the other exchanged property.

this is for information.


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