The Real Estate (Regulation and Development) Act, commonly known as RERA, is a significant piece of legislation that aims to bring transparency, accountability, and efficiency to the Indian real estate sector. Enacted in 2016, RERA has had a profound impact on the way real estate transactions are conducted in India. Key provisions: Key provisions and […]
The Guideline Value for a property, also known as the circle rate, ready reckoned rate, or government valuation, is the minimum value at which a property’s sale or transfer should be registered for calculating stamp duty and registration charges. This value is determined by the local government or relevant authorities to prevent underreporting of property […]
The RERA Act mandates that each state and union territory establish its own Real Estate Regulatory Authority to oversee the real estate sector’s functioning and to ensure transparency, accountability, and fair practices in real estate transactions. These authorities also provide a platform for addressing grievances and disputes between homebuyers and builders. For RERA Registration in […]
RERA, or Real Estate Regulatory Authority Act, came into force when the state government of Tamil Nadu approved its rules on 22 June 2017. As per this act, every developer, real estate promoter, and agent in the state must register with RERA on the official TNRERA website. The purpose is to make every transaction and […]
RERA approval is mandatory for all real estate projects in Tamil Nadu, India, including commercial and residential properties. RERA approval is designed to protect homebuyers’ interests and regulate the real estate sector. All real estate projects must register with the respective state’s RERA authority before launching them. The registration process of RERA approval involves submitting […]
The Tamil Nadu Real Estate (Regulation and Development) Act (RERA) holds significant importance in Tamil Nadu’s real estate sector. It was enacted to regulate and promote transparency, accountability, and efficiency in the real estate industry. Here are some key significance of the Tamil Nadu RERA Act: Buyer Protection: TNRERA Act provides enhanced protection to homebuyers […]
