Assam RERA 2023 : All The Information You Need
Assam RERA 2023 : Current information about Assam RERA
Introduces the Real Estate Project Grading System under Assam RERA
13 July 2023: Following the lead of the Maharashtra Real Estate Regulatory Authority (MahaRERA), the Assam RERA has also chosen to put the state’s housing developments under grading. According to a remark made by one of the RERA’s senior executives, “Starting grading systems for real estate projects is one of the most important responsibilities for the body. This is in accordance with the guidelines prepared during the formation of RERA.” There will be many factors to be researched in order to put the grading system into practise, including the project review, technical overview, legal overview, financial information, and more.
With the introduction of this grading system, purchasers will now be better equipped to weed out unqualified builders and property developers and have a better knowledge of the appropriateness and quality of a project. Additionally, it will examine important elements like legal risk, timely completion risk, legal risk, and more.
RERA Rules require that the Agreement of Sale be in a Prescribed Format: RERA Appellate Tribunal for Assam
May 2023: According to a recent ruling by the Assam Real Estate Appellate Tribunal, it is the responsibility of the real estate developer to make sure that the allottee and a legally registered agreement of sale. A case that some of the homebuyers had filed was being decided by the appeal tribunal. The Assam Real Estate (Regulation And Development) Rules, 2017’s Annexure ‘A’, according to the appeal tribunal, must be followed by the real estate developer’s agreement of sale.
In the situation at hand, the promoter and the real estate developer had made a deal for the acquisition of a structure. The developer was ordered by the Assam RERA to address the complaints. One of the instructions includes the enforcement of a Rs. 50,000 fine for failing to execute the purchase agreement in the required manner.
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Assam RERA: History
Assam became the first state to implement the Real Estate Regulation Authority Act in 2017, as required by Section 84 of the Act, which mandated that all states do so within six months.
According to the official announcement made by the Assam Government, these regulations, known as the Assam Real Estate (Regulation and Development) Rules, 2Ol7, were created to carry out the different legalisation measures in the state.
Documents Needed for Assam RERA Registration
Registration for the Assam RERA is done offline. Before registering for RERA Assam, it is crucial to make sure you have all of the necessary paperwork. Let’s segment these papers based on the RERA registration application type you choose.
Typical Documents Required for Assam RERA Registration
- Application Form and Payment Slip.
- PAN Card and Proof of Address.
- Photograph of the Promoter.
- Requisite Experience Certificate.
- Authorization Resolution Copy.
- Registration Details.
Documents Required if registering as a Promoter / Company for RERA Assam Registration
- TAN card and Email of the Promoter.
- Incorporation certificate of the company.
- Information on Real Estate Project.
- Company Identification Number.
- Association for Memorandum and Association for articles copies.
- Necessary information regarding prior experience in real estate.
- Information of directors and shareholders.
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Documents Required if registering as an individual Promoter / Builder for Assam RERA Registration
- Individual’s and Father’s Name.
- Occupation of the Promoter / Builder.
- Income Tax Details and ITR.
- Email id of the Promoter.
- Audited Balance Sheets.
- Website of the Promoter/ Builder.
- Experience with previous projects.
Documents Required if registering as the Real Estate Agent for RERA Assam Registration
- Tehsil and Bank Details.
- State and District.
- Bank Account Details.
- PAN card information.
- Name of the Agent.
- Father’s name and Occupation.
- Certificate Of Digital Signature.
- Copy of Registration Fees.
- Audited Balance Sheets and Income Tax statements.
- Date Of Registration and Date of Payment.
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RERA Registration in Assam
For registration as a real estate agent, promoter, or constructor, the Assam government has established a number of guidelines. As the website has not yet launched, it is crucial to emphasise that the procedure operates offline. To register any project with RERA Assam, follow these steps:
- To register as a real estate agent, promoter, or builder, go to the RERA office in step one.
- Step 2: Locate the appropriate department according on your needs and obtain the necessary RERA registration Assam form.
- Step 3: Complete the application form with all the required information. Don’t forget to sign the paper to attest it.
- Step 4: Attach all the required documents mentioned on the application form before applying to the office.
- Step 5: Proceed to pay the fees needed for the application process. After paying RERA agent registration fees, you will receive an acknowledgment slip that you need to keep handy for future reference.
- 6: The documents and application will be sent for verification after the payment of RERA registration charges.
- 7: The concerned authorities will do the verification process for approving the application and moving ahead with the registration process.
- Step 8: Applicants need to collect the RERA license once the process is completed.
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RERA Fees in Assam
Depending on whether a project is residential or commercial, different costs apply. Understanding the costs associated with commercial projects, real estate brokers, and real estate developers is crucial.
For developers of real estate
- Less than 1,000 square metres of the project: Rs. 5 per sq. m.
- Over 1,000 square metres of the project: Rs. 10 per square metre.
- The price, however, is restricted to a maximum of Rs 5,00,000.
For Commercial Projects:
- Commercial projects with an area under 1,000 square metres (including residential and commercial units): Rs. 10 per square metre.
- Over 1,000 square metres: Rs. 15 per square metre.
- The price, however, is restricted to a maximum of Rs 7,00,000.
- Less than 1,000 square metres of the project: 20 rupees per square metre.
- Project area beyond the stated limit: 25 rupees per square metre.
- The cost is restrict to a limit of Rs 10,000, though.
Assam RERA 2023 : Real estate brokers
Individuals must pay Rs 10,000 as registration costs if they want to register a Real Estate Agents application. As opposed to this, non-individual applicants registering as Real Estate Agents must pay a registration fee of Rs 50,000.
Making a complaint under the Assam RERA
People must fill out the form and hand it in to the office in order to file a complaint against one of the RERA-approved projects in Assam. To file a complaint, adhere to the instructions listed.
- Step 1: Visit the Assam Rera Office and collect the Complaint Form.
- Step 2: Fill in all the necessary information about the RERA-approved project in the form. Do not forget to attest the form with your signature.
- Step 3: Attach all the required documents mentioned on the complaint form before submitting it to the office.
- Step 4: Proceed to pay the required fees in the office and submit your complaint.
Investors need to pay Rs 1000 to lodge their complaints with Assam RERA.
Assam RERA 2023 : Address of Assam RERA
The Assam RERA Office Address is shown below.
Real Estate Regulatory Authority, Khanapara, Guwahati, Assam – 781022 Real Estate Regulatory Authority, Jawahar Nagar, NH-37, Near Paribahan Bhawan Commissioner of Transport
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