Stamp Duty on JV Agreement
This query is : Resolved
26 April 2023
A Joint Venture agreement was executed in the year 1988 on Rs. 100/- stamp paper for development of immovable property in Mumbai.
Query:
In the year 1988 was the said Joint Venture agreement was eligible for stamp duty and registration (if yes at what rate.)
Query:
In the year 1988 was the said Joint Venture agreement was eligible for stamp duty and registration (if yes at what rate.)
26 April 2023
Totally depends upon the rights given to developer like possession of the property, irrevocable power etc.
Generally levied 1%, but for conveyance it was around 10%.
Generally levied 1%, but for conveyance it was around 10%.
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