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Jharkhand RERA delay compensation & interest, calculated.
Estimate your Jharkhand 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.jharkhand.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 · Highest MCLR (3-Year): 8.80% + 2.00% statutory spread
Financial Analytics
Calculation breakdown
| Description | Amount (₹) | Dates / Duration | Interest Amount (₹) |
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Sources & Methodology — Jharkhand RERA
Official statutory notification establishing the interest spread and compensation mandate for Jharkhand.
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.
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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.
Jharkhand RERA Delay Interest — How It Works
Jharkhand RERA oversees real estate projects in Ranchi, Jamshedpur, Dhanbad, Bokaro, and across the state. Under Jharkhand 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.jharkhand.gov.in with a filing fee of ₹5,000. The Ranchi and Jamshedpur markets have seen growing residential development, and the RERA Authority actively processes complaints against developers who fail to deliver on time. Jharkhand RERA follows the central RERA Act, 2016 framework, including the parity principle for interest rates. The buyer's right to interest compensation for delayed possession is absolute and cannot be waived by any contractual clause. The Authority has directed multiple builders to pay interest calculated at SBI MCLR + 2% from the date of default. Use this calculator to estimate your Jharkhand RERA delay interest. Enter your property value, the promised and actual possession dates, and your payment schedule for a detailed computation sheet.Frequently Asked Questions — Jharkhand RERA
How is Jharkhand RERA delay interest calculated?
Jharkhand 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.
How do I file a Jharkhand RERA complaint?
File online at rera.jharkhand.gov.in with a ₹5,000 filing fee. You'll need your registered Agreement for Sale, receipts of payments made, and records of builder correspondence showing the delay.
Can I claim compensation for both delay and defects under Jharkhand RERA?
Yes. Under RERA, you can file for interest compensation for delayed possession (Section 18) as well as claim damages for structural defects within 5 years of possession (Section 14). These are separate remedies.