In the dynamic landscape of real estate development in Chhattisgarh, it's essential for developers, commercial ventures, and agents to be well-versed with the fees prescribed by the Real Estate Regulatory Authority (RERA). This comprehensive guide outlines the fees applicable to different categories, ensuring a clear understanding of the financial obligations that come with various real estate activities.
Fees for Real Estate Developers
Project Area Below 1,000 Square Metres
For projects spanning an area of less than 1,000 square metres, the applicable fee stands at Rs 5 per square meter. This economical rate encourages small-scale developments, fostering growth in diverse areas of the real estate sector.
Project Area Above 1,000 Square Metres
For larger developments exceeding 1,000 square metres, the fee is set at Rs. 10 per square meter. This progressive fee structure reflects the increasing scale and impact of these projects on the urban landscape.
Fees for Commercial Projects
Project Area Less Than 1,000 Square Metres
Commercial projects with an area of up to 1,000 square metres are subject to a fee of Rs. 20 per square meter. This fee acknowledges the economic significance of smaller commercial ventures in local business ecosystems.
Project Area Beyond Specified Limit
For commercial projects that surpass the aforementioned limit, the fee adjusts to Rs 25 per square meter. This adaptation encourages sustainable expansion while ensuring equitable financial contributions.
Fees for Residential and Commercial Units
Area Below 1,000 Square Metres
Both residential and commercial units within the 1,000 square meter threshold are liable to a fee of Rs 10 per square meter. This unified fee underscores the authority's commitment to balanced growth across real estate sectors.
Area Exceeding 1,000 Square Metres
For units exceeding the 1,000 square meter threshold, the fee is set at Rs 15 per square meter. This approach promotes responsible development in larger spaces, aligning with urban planning goals.
Fees for Real Estate Agents
Individual applicants seeking registration as real estate agents are required to pay a registration fee of Rs 10,000. Additionally, a renewal fee of Rs 5,000 applies to maintain active status.
Non-individual applicants, such as firms or organizations, are subject to a higher registration fee of Rs 50,000. The renewal fee for non-individual applicants is set at Rs 25,000, reflecting the commercial nature of their operations.
In conclusion, staying informed about RERA Chhattisgarh fees is crucial for real estate developers, commercial projects, and agents. By adhering to these well-defined fee structures, individuals and entities can actively participate in the growth of Chhattisgarh's real estate sector while contributing to its sustainable development.
Note: The information provided in this article about Real Estate Regulatory Authority is for informational purposes only. It is not intended as legal or professional advice and readers should consult qualified professionals for advice specific to their circumstances.
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