Exchange of property

Yes, the subject of an exchange can be any immovable or movable property. Any immovable property, the possession of which is not in dispute, and thus can be transferred by means of sale, gift-deed etc can also be exchanged with another immovable property meeting the same requirements.

You enter into an exchange deed with the owner of that property and get it registered in the sub-registrar’s office. Both the parties will be required to pay the stamp duty only once (of the property with the greater value,) and you’re good to go.