Tamil Nadu RERA (Real Estate Regulatory Authority) is a regulatory body established under the Real Estate (Regulation and Development) Act, 2016. RERA aims to promote transparency, accountability, and efficiency in the real estate sector in Tamil Nadu, ensuring that homebuyers’ interests are protected and the real estate sector operates in a fair and transparent manner.
What is RERA Tamil Nadu?
The TNRERA or Tamil Nadu RERA Act refers to the regulatory authority introduced by the Government of Tamil Nadu in order to regulate efficient and transparent real estate transactions and other activities in the state.
Key Features of Tamil Nadu RERA:
- Registration of Real Estate Projects: Developers or promoters of real estate projects with more than eight units or land exceeding 500 square meters need to register their projects with the Tamil Nadu RERA. They must provide project details, including project plans, layouts, approvals, and estimated completion time.
- Real Estate Agent Registration: Real estate agents or brokers involved in selling or buying properties must also register with Tamil Nadu RERA. This helps in regulating their activities and ensuring accountability.
- Consumer Protection: RERA focuses on safeguarding the interests of homebuyers by requiring developers to adhere to strict guidelines. It mandates that developers deposit a certain percentage of the project cost in a separate bank account, which can only be utilized for that specific project’s construction and completion.
- Adjudicating Authority: Tamil Nadu RERA has an adjudicating authority to resolve disputes between buyers and developers. Buyers can file complaints regarding any discrepancies or violations by the developers, and the authority will adjudicate the matter within a specified time frame.
- Transparency and Information Dissemination: RERA ensures transparency by making it mandatory for developers to disclose project details, including the carpet area, layout plans, completion timeline, and project status, on the RERA website. This allows buyers to make informed decisions.
- Online Platform: Tamil Nadu RERA provides an online portal where developers, agents, and buyers can register, file complaints, track project progress, and access necessary information related to real estate projects in the state.
Tamil Nadu RERA’s primary objective is to regulate and streamline the real estate sector, protect the rights of homebuyers, and promote a fair and transparent real estate market in Tamil Nadu. It aims to instill confidence among buyers and bring about positive changes in the real estate industry.
TNRERA Rules and Regulations
The Tamil Nadu RERA rules and regulations are split into 9 and 20 chapters. Each one of these chapters features certain responsibilities.
Here are the notable TNRERA rules and regulations as entailed in these chapters-
- Going through the documents that a promoter needs to submit in order to register a TNRERA real estate project
- To accept disclosure by the promoters in the light of existing projects
- Approving or rejecting TNRERA registration on the basis of terms and conditions entailed
- Lookin after the registration renewal for agents as well as their application
- Exercising a systematic approach to complaint redressal
Documents Required for Real Estate Agent Registration
Here are the Tamil Nadu RERA documents that are required to be submitted in case of a real estate agent registration under TNRERA-
- A copy of the PAN Card of the concerned agent
- Address Proof of the concerned Agent/ Partners/ Directors
- Registration Certificate for Companies/ Firm
- Address Proof of the Registered Office premise
- 2 latest Passport-sized photographs of the concerned Agent/ Partners/ Directors
- ITR for the previous 3 financial years
How to Register a Real Estate Agent Under TNRERA
Given below are the steps you need to follow in order to register a real estate Agent with RERA in Tamil Nadu-
Step 1- First of all, you need to visit the Official TNRERA Portal.
Step 2- Now, you need to tap on the third dropdown list “Registration” in which you will different options.
Step 3- Select the “Agent” option.
Step 4- After that, you need to choose the “apply online” option.
Step 5- Then, select from the options that are given for whether you’d like to apply as an “Individual” or a “Firm”.
Step 6- Moving to the next step, you will be landed on a new webpage at which you will be needed to choose the “New Registration” option in order to create an account to proceed with the registration.
Step 7- You now will input the details that are required for creating a new account. Here, you will have to fill in details including your name, email address and phone number along with a password.
Step 8- Once done, you need to enter the captcha code that is given and hit the “Create New Account” option.
Step 9- Now, you will get a username and password on your registered email ID and mobile number after clicking the “Create New Account” option.
Step 10- You can now log into your account on the TNRERA portal using the username and password you just received after you choose from the options of whether you are registering as an “Individual” or “Firm”.
Step 11- Input the captcha code and then hit the “Login” option.
Step 12- Enter all the information that is required in there. You must input the required details including name, type of registration, company registration and PAN.
Step 13- After you have entered the necessary details, attach the required set of documents.
Step 14- Now, you need to make the payment of applicable fees.
Step 15- In the final step which is the fourth part of the form, you will make the declaration by confirming that all the details and documents which you have provided are true.
Once you have performed the fulfilment of all the requirements in the form, you can submit the RERA registration form.
How to File a Complaint Under TNRERA
You can either file a complaint under the RERA Tamil Nadu or the Adjudicating Officer. To get started with that, you must fill in the details required in the forms that are mentioned below-
- Form M- It is used for filing the complaint under the real estate regulatory authority.
- Form N- It is used to file the complaint with the adjudicating officer.
The Process to File a Complaint Before Real Estate Regulatory Authority
Here are the steps you need to follow in order to lodge a complaint before the Real Estate Regulatory Authority-
Step 1- You first have to download Form M from the download section on the official website of Tamil Nadu RERA.
Step 2- Now, you must fill in the required details including the name of the complainant, their address, name of the respondent and their address.
Step 3- You have to make the payment of an online fee of INR 1000/- for the complaint and INR 600/- for the postal charges.
Step 4- Hit the submit button, and then you will find a complaint number generated which you can retain for future references.
Once you have submitted the form online, you must send three sets of copies of your complaint along with the set of all the required documents duly attested to the RERA authority. If you have lodged a complaint under Tamil Nadu RERA, make sure you send documents within 7 days of lodging the complaint and within 10 days if you have filed it with Andaman and Nicobar Island.
The Process to File a Complaint With Adjudicating Officer
Here are the steps you need to follow in order to lodge a complaint before the Adjudicating Officer-
Step 1- Go to the official RERA Tamil Nadu portal and download Form N which will be available in the Download section on the TNRERA homepage.
Step 2- Then you have to fill in the details in the form in order to register a complaint with the Adjudicating Officer.
Step 3- You must submit three sets of copies of your complaint duly attested with all the required documents. Note that you will have to make the payment of a fee of INR 5,000/- for filing the complaint and INR 600/- for postal charges.
Step 4- You have to submit this form in person or through a registered post.
RERA Tamil Nadu services for real estate agents
- Real estate agents can lodge complaints online
- They can have their registration renewed at the RERA Tamil Nadu official website
TNRERA Project Registration Fees and Charges
Following are the Tamil Nadu RERA Fees and charges that need to be paid by the developers and agents in order to register their property under TNRERA-
|
Type of Property |
Fees and Charges |
|
Residential buildings |
INR 10/square metre of FSI area for a residential project where the dwelling unit size is lower than 60 square metres
INR 20/ square metre of FSI area for all the other residential projects |
|
Commercial buildings |
INR 50/ square metre of FSI area |
|
Site approvals, layouts and sub-divisions |
INR 5/ square metre of the plottable area excluding EWS plots |
|
Other projects |
INR 25/ square metre of FSI area |
Bottom Line
While making investments in the real estate sector, it is essential to be cautious and carry out a thorough check-up as it is a long-term financial commitment. RERA was enacted to protect the buyers from any form of fraudulent activities and bring transparency in the transaction. Thus it is essential to cross-check if the agent and the project are registered under RERA to avoid any mishap in the future. Assetmonk is an ideal real estate partner for RERA-approved services and properties.
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RERA Tamilnadu FAQ’s:
The Real Estate Regulatory Act mandates the registration of all commercial and residential projects having a land area over 500 sq. meter or eight apartments. The builders, agents and other middlemen are also required to get themselves registered. The registration process should be carried out with the Real Estate Regulatory Authority and on the failure to do so penalty shall be imposed according to the provisions of the Act.
How can I check my Rera registered project in Chennai?
The project registration can be verified through TNRERA online portal by clicking on the registration tab. The procedure has been listed above.
Is it safe to buy RERA approved project?
By purchasing a property registered under RERA, the homebuyer brings responsibility on the builder to ensure completion of the project within the stipulated time period. Opting for a RERA registered property can also help the buyer to secure and protect its rights in case of any default on the part of builders. Purchase of projects which are not completed and not registered under RERA, can be illegal as well.
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