Kagaznama

Joint Buyers Cost-Sharing Agreement

At a glance

Price
Free
Stamp duty
Binds the co-buyers on paying for, holding and disposing of the property — chargeable under Article 5, Sch.I-A, a small fixed duty.
Registration
Not compulsory — a preliminary instrument transfers no ownership (s.54, TPA).
Witnesses
Not required for a preliminary letter.

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Guided questions, full draft on screen, download in Word.

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Also called

  • co-buyer contribution agreement
  • joint property purchase cost sharing

When you need it

For agreeing, between co-buyers, who contributes what before payments, fees and registration costs move — internal, not an ownership declaration. Records contribution shares, shared costs, loan responsibility, refunds, and exit if one buyer can't fund.

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Further from a property interest than the agreement for sale itself (s.54 TPA).

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You can fill this one in on this site, and read the whole draft on screen before you decide anything about it. It is a carefully drafted template; it is not advice about your own facts.

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See stamp duty, registration and witnesses

What follows is written for Punjab and Chandigarh. It states the position there rather than describing how it varies, so the amounts below are the ones that apply — worth confirming at the sub-registrar’s office, because rates change. If the property is anywhere else in India, none of this is yours.

Stamp duty

Binds the co-buyers on paying for, holding and disposing of the property — chargeable under Article 5, Sch.I-A, a small fixed duty. Buy the e-stamp before signing (s.17); get the figure from the tehsil Sub-Registrar or vendor.

Registration

Not compulsory — a preliminary instrument transfers no ownership (s.54, TPA). The eventual agreement/conveyance is assessed on its own terms.

Notarisation

Not required; doesn't replace stamping or registration where needed.

Witnesses

Not required for a preliminary letter. For a binding term sheet or exclusivity/cost-sharing deal, two witnesses help.

Request Stamp Paper

Sample preview — placeholder answers, not your data

JOINT BUYERS COST-SHARING AGREEMENT
1. PROPOSED PURCHASE

Buyer one: Aarav Sharma. Buyer two: Naina Sharma. They are considering the purchase of Plot 218, Eco City 1, New Chandigarh, Punjab (Apartment): Residential plot measuring approximately 300 sq yd in Eco City 1. from Harpreet Singh at a proposed price of ₹2,25,00,000 (Rupees Two Crore Twenty Five Lakh only).

This internal agreement is dated 1 April 2026.

2. CONTRIBUTIONS

Buyer one funding share: 60%; buyer two funding share: 40%. Initial contributions: buyer one ₹30,00,000 (Rupees Thirty Lakh only), buyer two ₹20,00,000 (Rupees Twenty Lakh only).

Stamp/registration costs: In the same percentages as purchase funding. Brokerage/legal costs: In the same percentages as purchase funding.

3. LOAN AND TITLE INTENTION

Loan structure: No joint loan is presently intended. Title-share intention: Title shares intended to match stated funding percentages.

This agreement does not itself transfer or create a share in the property. Any ownership shares must be stated in the operative conveyance or other legally effective instrument.

4. SHORTFALL, REFUNDS AND DECISIONS

Funding shortfall: The other buyer may fund shortfall only under a written adjustment of internal accounts. Refunds: In proportion to actual contributions made. Major decisions: Both buyers must consent to price changes, agreement execution and completion. Withdrawal: Withdrawal requires written agreement on replacement funding and refund of contributions. Special terms: Furniture purchased after completion will be paid equally.

Section 54 of the Transfer of Property Act, 1882 confirms that a contract for sale does not itself create an interest in property; this agreement is only an internal allocation between prospective co-buyers.

PERSONAL DATA NOTICE

This notice is given under the Digital Personal Data Protection Act, 2023. Personal data in this document is collected only to record the prospective co-buyers’ internal purchase contributions, shared costs, refund treatment and decision rules, communicate about that purpose, verify information expressly supplied, and retain an evidentiary record.

The record will be held by Sachdeva Estates and may be shown only to the buyer, seller, authorised broker/agent, advocate, lender, valuer, project promoter, escrow/payment provider or statutory authority directly involved in the stated property transaction or verification.

If the proposed transaction does not proceed, or this document is withdrawn before it takes effect, the personal data will be retained for 90 days from that decision and then erased. If the transaction proceeds, the record will be retained for the term of the transaction plus 12 months and then erased, except for a record that a statute requires to be kept for a longer named period.

Questions about this document

Does the Joint Buyers Cost-Sharing Agreement need stamp paper or stamp duty in Punjab and Chandigarh?

Binds the co-buyers on paying for, holding and disposing of the property — chargeable under Article 5, Sch.I-A, a small fixed duty.

See the full position on stamp duty, registration and witnesses
Does the Joint Buyers Cost-Sharing Agreement need registration in Punjab and Chandigarh?

Not compulsory — a preliminary instrument transfers no ownership (s.54, TPA).

See the full position on stamp duty, registration and witnesses
What does the Joint Buyers Cost-Sharing Agreement cost on Kagaznama?

Free.

Documents are free. Only kits are paid.

Does the Joint Buyers Cost-Sharing Agreement need witnesses?

Often needed with this document

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