RERA Registration in Chhattisgarh
RERA Registration Fees in Chhattisgarh Starts from ₹99,000
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RERA Chhattisgarh Registration: Process, Fees, and Required Documents
If you’re into real estate and want to come into the market of Chhattisgarh as an agent, developer, or buyer, you need to know the guidelines of the Real Estate Regulatory Authority (RERA) for the state. RERA was established to protect homebuyers and have clarity about real estate projects.
In this article, we’ll take you through the RERA registration process in Chhattisgarh, guiding you through the steps, fees, the documents required by developers and agents. The company should stay updated on these requirements as it’s important for operations to run smoothly. In case you run into issues during the registration stage, don’t hesitate to contact Professional Utilities to make the process faster and less troublesome.
Table of Content
- What is RERA Registration?
- Why is RERA Chhattisgarh Registration Important?
- Who Can Apply for RERA Chhattisgarh Registration?
- RERA Chhattisgarh Registration Process
- Documents Required for RERA Chhattisgarh Registration
- RERA Chhattisgarh Registration Fees
- Benefits of RERA Chhattisgarh Registration
- Conclusion
- Frequently Asked Questions
What is RERA Registration?
According to RERA Chhattisgarh, any real estate developer or real estate agent who has projects of more than 500 square meters or more than eight apartments must register under the RERA. This is an idea to force the developers to give buyers the right details of the project and to stick to timelines for completion.
Registration to RERA Chhattisgarh will provide legality and compatibility to real estate agents and will keep them away from any kind of legal complication and will also improve their credibility.
Why is RERA Chhattisgarh Registration Important?
RERA Chhattisgarh Act is to make real estate transactions open and transparent. When a developer or agent registers with the RERA, the purchaser is guaranteed that the money he invests is safe.
Chhattisgarh has RERA registration and projects cannot be advertised, sold or booked without the registration. Developers and agents could be penalized up to 10 percent of the cost of the project or jailed if they do not comply with this requirement.
Who Can Apply for RERA Chhattisgarh Registration?
The following parties are required to register with RERA Chhattisgarh:
- Real Estate Developers: Before selling or advertising their projects, promoters of residential or commercial projects are required to register.
- Real Estate Agents: Any agents facilitating sales or purchases of RERA-registered projects must undergo registration.
- Ongoing Projects: Projects that are incomplete at the start of the RERA Act are also supposed to be registered.
RERA Chhattisgarh Registration Process
The RERA Chhattisgarh registration process is straightforward but needs to be completed accurately. Below is a step-by-step breakdown:
Step 1: Visit the RERA Chhattisgarh Portal
The RERA authority is different for every state, and for Chhattisgarh, you need to complete the registration process through the Chhattisgarh RERA Registration Portal. This portal is specifically designed for developers and agents operating in Chhattisgarh to submit their project or agent registration details as required under the Chhattisgarh Real Estate Regulatory Authority.
Step 2: Choose the Appropriate Form
When applying, it’s important to select the right category (developer or agent). Developers must submit project details, while agents are required to provide their personal and business information. However, the RERA Chhattisgarh registration online portal is easy to access, but navigating the required sections can be a bit difficult if you don’t have prior knowledge.
Step 3: Submit Required Details
You will be required to provide specific information during the RERA Chhattisgarh registration process, including:
- Project details (for developers): Type of project, size, location, etc.
- Financial information: Details of bank account for the project, total cost, and funding sources.
- Past projects (for developers): If applicable, a history of previously completed projects.
- Documents required for RERA registration: Land ownership proof, a copy of the project's approval by relevant authorities, PAN card, legal title deed, etc.
Step 4: Payment of RERA Chhattisgarh Registration Fees
Once you fill the application, you will have to pay the RERA Chhattisgarh registration fees. The RERA registration fees for residential projects vary on an average between ₹10 to ₹15 per square meter, based on the total area of the project. The fee for group housing projects is ₹10 per sq. m for up to 1,000 sq. m and ₹15 per sq. m for larger projects. For commercial areas, the fees are ₹20 to ₹25 per square meter depending on the project. For any type of project, the maximum fees are capped at ₹10 lakh to limit higher-end costs.
Step 5: Verification and Approval
Once the application has been submitted along with the required RERA registration fee, your documents will be verified by the RERA Chhattisgarh authority. When everything is alright, a unique registration number will be issued for your project.
Step 5: Display of RERA Chhattisgarh Registration Number
Once registered, the RERA Chhattisgarh registration number must be prominently displayed in all promotional materials, assuring buyers of compliance with the law.
Documents Required for RERA Chhattisgarh Registration
Depending on whether you are a developer or real estate agent, different documents are required for RERA Chhattisgarh registration. Below is a checklist:
- 1. For Developers:
- PAN card of the promoter.
- The audited balance sheet of the previous financial year.
- The legal title deed of the land.
- Certified copy of the sanctioned building plan and layout.
- No objection certificate (NOC) from relevant authorities.
- Details of the project’s bank account.
- PAN card.
- Passport-size photograph.
- Address proof.
- Income tax returns for the past three years.
- Details of the firm including name and registered address.
RERA Chhattisgarh Registration Fees
RERA Registration Fees in Chhattisgarh vary by applicant type. Developers pay ₹10-₹25 per sq. m., capped at ₹10 lakh, while real estate agents pay ₹10,000 (individuals) or ₹50,000 (firms/companies). Below is a detailed fee structure:
| Category | Type | Fee Details |
|---|---|---|
| For Developers | Residential Projects | ₹ 05 per sq. m (up to 1,000 sq. m.) |
| ₹10 per sq. m (above 1,000 sq. m.) | ||
| Commercial Projects | ₹10 per sq. m (up to 1,000 sq. m.) | |
| ₹25 per sq. m (above 1,000 sq. m.) | ||
| For Real Estate Agents | Individual Agents | ₹10,000 registration fee, ₹5,000 renewal fee |
| Other Entities | ₹50,000 registration fee, ₹25,000 renewal fee |
Note: Professional fee for RERA in Chhattisgarh starts from ₹99,000. The aforementioned fees are exclusive of GST.
Benefits of RERA Chhattisgarh Registration
Obtaining RERA Chhattisgarh registration offers several benefits:
- Legal Compliance: Your project or agency will meet state and national legal requirements.
- Transparency: Registration promotes confidence among homebuyers by providing accurate information.
- Dispute Resolution: With registered projects, disputes can be resolved more quickly with the aid of the RERA authority.
- Increased Credibility: Showing your RERA number automatically gives more credibility to attract more buyers.
- Financial Accountability: Developers should open a separate account in the bank for the project and ensure that the money of the buyers is utilized judiciously.
Conclusion
All real estate agents and developers of chhattisgarh who are engaged in property development projects have to be RERA register. It not only protects buyers, but also ensures transparency and keeps everyone in state regulations. RERA registration is a necessity, whether your creating a new project or you are in sales as an agent. First of all, it will help you stay away from legal trouble and secondly, it will increase your reputation.
However, if you need a helping hand throughout the RERA Chhattisgarh registration process and will also take care of the necessary compliances and smooth operation. For those looking for registration in other states, you can also explore RERA Registration in Bihar.
Frequently Asked Questions (FAQs)
What are the benefits of getting RERA Registration in Daman & Diu compared to Chhattisgarh?
Getting RERA Registration in Daman & Diu can be faster and more convenient compared to Chhattisgarh. Daman & Diu has fewer applications and simpler local procedures, while Chhattisgarh may involve longer verification steps and slightly more administrative processes.
What is RERA registration?
It is mandatory to register with RERA by developers and real estate agents to ensure transparency and protect buyers interests.
Who needs to register under RERA?
The developers and agents who undertake projects greater than 500 square meters or have over eight units have to register.
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