Builder DELAY Select your preferred language
23 Scheduled Languages of India
CG RERA delay compensation & interest, calculated.
Estimate your Chhattisgarh 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 Highest MCLR + 2% (MCLR 8.80% + Spread 2.00%).
File complaints at rera.cgstate.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).
Add Payment Milestone
Rate last verified: 15 July 2026 · Highest MCLR (3-Year): 8.80% + 2.00% statutory spread
Financial Analytics
Calculation breakdown
| Description | Amount (₹) | Dates / Duration | Interest Amount (₹) |
|---|
Sources & Methodology — CG RERA
Official statutory notification establishing the interest spread and compensation mandate for Chhattisgarh.
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 Highest MCLR: 8.80%).
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.
Report a calculation bug.
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.
CG RERA Delay Interest — How It Works
Chhattisgarh RERA (CG RERA) oversees real estate projects in Raipur, Bhilai, Durg, Bilaspur, and across the state. Under CG RERA's framework, delay interest is calculated as simple interest at SBI Highest MCLR + 2% per annum, running from the committed possession date in the registered Agreement for Sale. Complaints can be filed online at rera.cgstate.gov.in with a filing fee of ₹5,000. The Raipur metropolitan area is the primary real estate market in Chhattisgarh, with the capital region's growth driving significant residential project activity. CG RERA follows the central RERA Act, 2016 framework. Under Section 18, if a promoter fails to hand over possession by the date specified in the Agreement for Sale, the buyer is entitled to interest at SBI MCLR + 2% per annum on all amounts paid. This right has been upheld as absolute by the Supreme Court and cannot be diluted by contractual clauses offering lower compensation. Use this calculator to estimate your Chhattisgarh RERA delay interest. Enter your property value, the promised and actual possession dates, and get a downloadable computation sheet for your RERA complaint.Frequently Asked Questions — CG RERA
How is CG RERA delay interest calculated?
CG RERA prescribes simple interest at SBI Highest MCLR + 2% per annum (currently approximately 10.80% p.a.). Interest runs from the committed possession date in the Agreement for Sale until actual handover or refund.
Where do I file a Chhattisgarh RERA complaint?
File online at rera.cgstate.gov.in with a ₹5,000 filing fee. Attach your registered Agreement for Sale, payment receipts, and builder correspondence. Compensation claims under Section 18 are heard by the Adjudicating Officer.
Does CG RERA apply to projects in Naya Raipur (Atal Nagar)?
Yes. CG RERA covers all registered real estate projects across Chhattisgarh, including projects in Naya Raipur (now Atal Nagar), the Raipur-Bhilai-Durg corridor, and all other districts.