TNRERA: a guide for builders in Tamil Nadu

The authority

Tamil Nadu Real Estate Regulatory Authority (TNRERA). Official website.

What to know

• Projects need RERA registration before any advertising, booking or sale (Section 3); the Act exempts projects where the land is 500 sq m or less, or there are 8 apartments or fewer.
• 70% of money collected from allottees must sit in a separate bank account and be withdrawn only in proportion to construction progress, certified by an engineer, architect and chartered accountant (Section 4(2)(l)(D)).
• Promoters must update the project page on the RERA website every quarter with bookings and construction status (Section 11(1)).
• Real estate agents and channel partners must register with the authority before facilitating any sale (Section 9).

Related for Tamil Nadu

• Stamp duty and registration in Tamil Nadu
• CRM for builders in Chennai
• CRM for builders in Coimbatore
• CRM for builders in Madurai
• Real-estate glossary

Sources

1. TNRERA (official)
2. TNREGINET — Registration Department (official)
3. Real Estate (Regulation and Development) Act, 2016 — India Code
4. King Stubb & Kasiva — Tamil Nadu 2023 stamp duty and registration changes
5. Constro Facilitator — Registration fee cut to 2% (Mar 2023)
6. Kanakkupillai — TN composite-value rates for flats
7. Fox Mandal — TN composite sale deed for flats from 1 Dec 2023
8. Verified.realestate — TN registration fee cut for women buyers

RERA guides for other states