Jda real estate
Murthy
(Querist) 19 December 2024
This query is : Resolved
X developer enters into a JDA with y land owner agrees to sharing ratio of 60 : 40 % Developers and owners share Subsequently the owners seeker X amount as Consideration for their owners share
Should the JDA be amended??
Will a supplement agreement hold good??
Since a lumpsum amount is being paid do we have to pay stamp duty
What is the diligent solution to this case
kavksatyanarayana
(Expert) 19 December 2024
The JDA shall be amended and the stamp duty will be levied on the value of consideration or Market value of the owner's share whichever is higher. The stamp duty varies from state to state and asks in local SRO.
Dr. J C Vashista
(Expert) 20 December 2024
Should the JDA be amended?? It is advisable to get the JDA registered afresh.
Will a supplement agreement hold good?? No
Since a lumpsum amount is being paid do we have to pay stamp duty? Yes, stamp duty has to paid for whole amount as per law of the State.
