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TN RERA delay compensation & interest, calculated.
Estimate your Tamil Nadu 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.tn.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 — TN RERA
Official statutory notification establishing the interest spread and compensation mandate for Tamil Nadu.
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.
TN RERA Delay Interest — How It Works
TN RERA — the Tamil Nadu Real Estate Regulatory Authority — regulates real estate projects across Chennai, Coimbatore, Madurai, Tiruchirappalli, and the rest of Tamil Nadu. The authority follows the central RERA Act formula of simple interest at SBI MCLR + 2% per annum. Chennai's real estate market — particularly the OMR (Old Mahabalipuram Road), GST Road, and Porur–Poonamallee corridors — has seen significant project volumes under TN RERA regulation. The authority maintains a comprehensive project registration database at rera.tn.gov.in. TN RERA has emphasised quarterly project update compliance — builders must upload construction progress, financial statements, and completion timelines every quarter. Non-compliance with update obligations can independently attract penalties under Section 61. Tamil Nadu was among the first states to establish RERA implementation rules. Complaints can be filed online with a ₹1,000 fee. TN RERA adjudicating officers consider the Agreement for Sale date as binding and have consistently rejected builders' attempts to unilaterally extend possession timelines through one-sided addenda.Frequently Asked Questions — TN RERA
How is TN RERA delay interest calculated?
TN RERA applies simple interest at SBI Highest MCLR + 2% per annum, following the central RERA Act formula. Interest runs from the committed possession date in the Agreement for Sale until actual handover or refund.
Does TN RERA cover Coimbatore and Madurai projects?
Yes. TN RERA covers all RERA-registered projects across Tamil Nadu, including Chennai, Coimbatore, Madurai, Tiruchirappalli, and all other districts.
What are the quarterly compliance requirements under TN RERA?
Builders must upload quarterly project updates including construction progress, financial statements, and completion timelines to the TN RERA portal. Non-compliance with these obligations can attract penalties under Section 61 of the RERA Act.