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The department has now clarified that only Rs 200 will be charged towards stamp duty and registration fee for GPA related to JDA. The JDA, wherein the land owner and the developer agree to share the developed property, is widely used by the builders.
Joint Development Agreement should be registeredThe Joint development Agreement between the builder and the landowner must be registered in the sub registrar. It is one of the common practices to get the joint development agreement notarized or sign it on stamp paper of Rs 200/.
As per article 5 (g-a) and article 25 (b) to ScheduleI of the Bombay Stamp(BS) Act, 1958, stamp duty on development agreement and conveyance is leviable at the rate of one and 10 per cent respectively on the market value or consideration set-forth in the instrument, whichever is higher.
Co-marketing is about two companies coming together to undertake joint promotional efforts as a team. Partnering in this way results in high-quality content or products that promote both businesses. The results can range from special packaging to completely new products.
Joint Development Agreement (JDA) It is an arrangement between the Land owner and the Builder/Developer, where the Land owner contributes his land and the Developer takes the full responsibility of obtaining approvals, construction, launching and marketing the project with the help of financial resources.
A joint marketing agreement is a contract between two or more parties in which at least one party agrees to collaborate on promoting the other's offerings. Joint marketing agreements are sometimes called co-marketing agreements or co-branding agreements.
A JDA is a legal contract that allows land owners and developers to come together, for the purpose of developing land. At present, JDA is a common form of property development in India across sectors.
The Following Documents are Required for Development Agreement :Sale Deed/Title deed /Mother deed/Conveyance Deed.RTC Extracts.Khata Certificate and Extracts.Mutation Register Extracts.Joint Development Agreement.General Power of Attorney.Building plan sanctioned by the Statutory Authority.More items...
A Marketing Agreement, also known as a Joint Marketing Agreement, sets forth the terms and conditions under which a Marketer will assist a Client in selling their goods and/or services by creating materials that promote their products and engaging in activities to introduce the Client's products to new customers.
A marketing agreement is a document, signed by all parties involved, that lists the scope of work to be undertaken, and any duties and expectations that the business has of the marketing agency.