TAXING STATUS OF JV & STAMP DUTY FOR JV AGREEMENT

Better if you work out the deed yourself, you will learn.  You will get enough material on this subject, just search and think.

For your info, I am a new member who joined this site 3/ 4 days back. I saw your question today and giving you my bit of thinking on it as follows:
i think it should be taken on Rs.100/- stamp paper.verify from the provisions of the Stamp Act / local registrar office.

So far as drafting is concerned, you need to focus on purpose of JV, Duration and Renewal, rights and obligations of both the parties, risk allocation, liabilities of the respective parties, Indemnity Clause, Modification of Terms, generic clauses pertaining to settlement of disputes, governing law, jurisdiction of courts, termination clauses and arbitration clause to pre-empt litigation costs.