Stamp Duty on JV Agreement

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HIMANSHU (Querist)
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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.)

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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%.

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