RERA Fees for real estate agents and developers in Andhra Pradesh
Fees for the Registration of Project
To be in the business of real estate, an individual in the form of a developer has to pay a certain amount of registration fee in the application of the registration of the project. On the other hand, this project has to be registered with the RERA authority as advised by the government over a period of time. Moreover, the individual can pay the fees of the registration through various modes such as the NEFT. On the flip side, one can pay the fees through RTGS also. The developer can also pay the fees with the help of a demand draft drawn on any scheduled bank.
Required amount for the extension of time in the case of the Real Estate Project
It is interesting to note that the real estate developer can apply for the time extension and for that he or she needs to pay a certain amount of payment. They should also fill up from E, and that should not be less than three months before the expiry of the registration period. T6he application for this registration should be accompanied with a demand draft that is drawn on any nationalized bank. Moreover, the amount has to be twice the Registration Fees which are clearly stated in sub rule 3 of rule 3. On the other hand, the developer also has to furnish an explanatory note stating the reasons for a delay in completing the project. The application should also clearly state why the project has to be extended.
The structure of payment in case of withdrawing the application for registering the project
It is quite common for a developer to apply for the withdrawal of the application. In this case, a registration fee equal to the extent of 10% would be retained by the concerned authorities as the processing fee by the authorities. On the other hand, the remaining amount would be refunded to the developer within thirty days.
Fees for RERA in Andhra Pradesh for the real estate developers
The registration charges for the agents
It is prescribed that the actual estate agent has to pay a certain amount as registration fee. They can pay by a demand draft drawn on any scheduled bank as prescribed by the authority.
The registration fees in renewing the registration of the real estate agents
The real estate agents can renew their registration by submitting a duly filled form by the name of Form J. They also have to send a demand draft drawn on any nationalized bank and have to report to the authority. Hence, it is quite clear that the applicant has to pay a certain sum of rupees as it is clearly prescribed in the guidelines.
The fees of RERA in Andhra Pradesh for filing complaint
The cost structure in filing complaint with the Regulatory Authority
If a person is aggrieved or agitated, he or she can file a complaint with the concerned Authorities for any violation of the Act by duly filling up Form M. Moreover, a fee of Rs.1000 has to be paid with the help of a demand draft that is drawn on any nationalized bank in favor of the regulatory authority. Moreover, it should be payable at the principal branch of that particular bank.
The fee structure in filing complaint with the Adjudicating Officer
If an individual wants to a complaint, then he or she can file a complaint with the adjudicating officer. In this case, they have to fill up Form O with a deposit of the amount of Rs. 1000. They have to pay this amount by using a demand draft drawn on any nationalized bank in favor of the regulatory authority.
The fee structure in filing appeal with the Appellate Tribunal
It is worthwhile to note that an appeal can be lodged with the Appellate Tribunal by filling up Form L along with a fee of Rs. 1000. It can be paid by using a demand draft from any nationalized bank in favor of the Appellate Tribunal. It should be payable at the main branch.
Note – The information that is provided above would be available as per the RERA Notification. The documents may vary from state to state.