Fee structure of RERA in the state of Tamil Nadu, that you must know of

For the purpose of setting up a proper business in the real estate industry in the economy of Tamil Nadu, the aspirants now have been asked to register with RERA after filling up the Form A. The aspirant or the developer is required to pay a nominal amount as a registration fee with the RERA authority, which has been ordered by the stat Government in interval of many times. The aspirant has to pay a certain kind of remittance money, in the State’s account with the State Bank of India, or any other sub-treasuries or sub-treasuries of the head of the account.

Payment for the layouts, sub-divisions and the approval of the sites

A charge of Rupees 5 per square meter of the plotted area that excludes for the EWS, that also do not comprise of the OSR, Roads taxes.

Payment for the residential buildings

The amount of rupees 10 per square meter of the FSI area is levied when the dwelling size unit is not more than 60 square meter.

The amount of Rupees 20 per square meter of the FSI area is charged when the dwelling size unit is not more than 60 square meter.

Payment for the commercial buildings

An amount of Rupees 50 per square meter of the FSI area and an amount of Rupees 25 per square meter is levied on the FSI area of any other project

It is important to note that the registration fees are not included for the development projects of Tamil Nadu Slum Clearance Board, the housing projects of the T.N board of Housing and the projects under the T.N Police Housing Corporation.

The fee for applying for extending of the project of Real estate

Only a developing aspirant can go for the application for extending the time of the completion of the project of real estate, with the filling up of Form E. This should not extend the threshold of 3 months before the expiry of the granted registration. The apply for the extension of the registration must be combined with a definite demand draft, which has to be drawn for the scheduled bank, and the amount must be twice of the registration fees that is included in the sub-rule 3 of rule 3, with an explanatory note setting out the reasons for delaying in completion of development, and also the requirement of extension of the registration of the development.

The Fee of withdrawing the application for the registration of the development

If the development aspirant applies for the withdrawal of the application of the Registration of the Project, just before the expiry of 30 days under sub section 1 of the section 5. This amount is prescribed by the authority will be kept as a processing amount under the Regulatory Committee and the rest of the amount will get refunded back to the developer in a matter of just 30 days, from the date of withdrawal.

Fee for withdrawing application for the registration of the development

If the development aspirant applies for an application for registration of the extension of the project, 30 days prior to the expiry, under sub section 1 of section 5, then the amount will be kept by the regulating authority while the leftover  will be given back to the promoter within a matter of nearly 30 days, from such withdrawal.

Fees for agent registration

The real estate aspirants are to register under the RERA by filling the FORM G. For this, the applicant is needed to pay a total amount of Rupees 25,000 in the case of single proprietorship and 50,000 for more proprietorship. The applicant also has to pay a certain amount of registration fees with the State Bank of India in the account of the State Government, in any sub-treasuries and treasuries of the head of account head.

Fee for the renewal of the registration for the real estate aspirants

The Real estate aspirants are allowed to renew their registration by filling and submitting the renewal registration FORM J, with an attached demand draft, drawn in the name of any scheduled authority of the Bank. The applicant is to pay an amount of 5000 rupees if being single, and 50,000 rupees in case of more than one.

Steps to file complaint with RERA

  • Any grieved person may file complaint with the regulatory authority by filling FORM M.
  • While filing complaint with the adjudicating officer, the grieved may do it under sections 12, 14, 18 and 19 by filling up the FORM N, with a nominal amount of rupees 500 through a demand draft and pay it to the nationalized bank in the name of regulatory authority.
  • By filling up FORM L, the aspirant can also lodge a complaint by paying 1000 rupees in favor of the Appellate Tribunal with a noted Bank.

Download Below Draft Rules