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Bihar RERA delay compensation & interest, calculated.
Estimate your Bihar RERA compensation — simple interest at SBI MCLR + 2% under Section 18 of the RERA Act.
Interest is calculated using a simple interest formula, which is the standard across most RERA tribunals.
Based on SBI 1-Year MCLR + 2% (MCLR 8.70% + Spread 2.00%).
File complaints at rera.bihar.gov.in. Keep your Agreement for Sale and payment receipts ready.
Calculate your RERA compensation.
Find out the interest receivable or payable for delayed real estate possession, calibrated to state-specific SBI MCLR guidelines.
This calculator provides indicative estimates based on statutory formulas prescribed under Sections 18 and 19 of the Real Estate (Regulation and Development) Act, 2016 and prevailing State RERA Rules. Actual compensation awards, interest accruals, and refund entitlements remain subject to individual agreement terms, documented milestone payment records, regulatory force majeure determinations, and judicial adjudication by the competent RERA Authority or Adjudicating Officer. Outputs generated do not constitute formal legal advice or binding financial certifications. Homebuyers and promoters should consult a qualified RERA advocate or legal counsel for case-specific representation.
Interest is calculated from the Promised Possession Date (or payment date if paid later).
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Rate last verified: 15 July 2026 · 1-Year MCLR: 8.70% + 2.00% statutory spread
Financial Analytics
Calculation breakdown
| Description | Amount (₹) | Dates / Duration | Interest Amount (₹) |
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Sources & Methodology — Bihar RERA
Official statutory notification establishing the interest spread and compensation mandate for Bihar.
View Gazette / Official SourceKey judicial authority confirming the regulatory jurisdiction, interest rate benchmark, and allottee remedies under Section 18.
Derived from State Bank of India's published MCLR schedule effective 15 July 2026 (SBI 1-Year MCLR: 8.70%).
Computed strictly on actual consideration paid by the allottee (excluding government stamp duty and taxes), apportioned per day.
RERA Legal FAQ
Expert answers to central & state RERA compensation questions
Common Questions
Legal Disclaimer: These responses are for informative purposes only. RERA decisions depend heavily on state authorities and contract specific terms.
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RERA rules and SBI MCLR rates are updated periodically. If you notice a calculation discrepancy, a state-specific rule change, or a layout issue, please submit the details here.
Bihar RERA Delay Interest — How It Works
Bihar RERA — the Bihar Real Estate Regulatory Authority — regulates real estate projects across Patna, Gaya, Muzaffarpur, Bhagalpur, and the rest of Bihar. Under Bihar RERA's rules, delay interest is calculated as simple interest at SBI MCLR (1-year) + 2% per annum, running from the committed possession date in the registered Agreement for Sale. Complaints can be filed online at rera.bihar.gov.in using Form N (before the Adjudicating Officer for compensation) with a filing fee of ₹1,000. Bihar RERA has been active in Patna and surrounding NCR-like expansions, enforcing the 70% escrow rule and directing builders to pay interest on delayed possession. Use this calculator to estimate your Bihar RERA delay interest. Enter your property value, promised and actual possession dates, and payment milestones to get a precise computation sheet.Frequently Asked Questions — Bihar RERA
How is Bihar RERA delay interest calculated?
Bihar RERA prescribes simple interest at SBI MCLR (1-year) + 2% per annum (currently approximately 10.70% p.a.) on the total amount paid, calculated from the committed possession date in the Agreement for Sale until the actual handover date.
What is the filing fee for a Bihar RERA complaint?
Filing a complaint online on the Bihar RERA portal (rera.bihar.gov.in) costs ₹1,000, paid via the integrated online payment gateway.
Which form should I use for delayed possession compensation in Bihar?
For interest and compensation claims under Section 18, file Form N (complaint to the Adjudicating Officer) on the Bihar RERA portal. Form M is used for other general complaints to the Authority.