Karnataka Real Estate Regulatory Authority (RERA)
1/4, 2nd Floor, Silver Jubilee Block, Unity Building, CSI compound,
3rd Cross, Mission Road, Bengaluru-560027
Ref No: Admin/CR-119/2019-20
Dated: 15/ 02/2020
Sub : Revised charges for various services rendered by the K-RERA.
Ref.: Circular No. RERA/ADM/CR-119/2019-20 dated 13-12-2019
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Under Section 34(e) of the Real Estate (Regulation and Development) Act, 2016, the Karnataka Real Estate Regulatory Authority is vested with the power to fix the standard fees to be levied on the allottees or the promoter or the real estate agent, as the case may be for various services carried out by the Authority, pertaining to operationalise a web based online system for as is in www.rera.karnataka.gov.in
Under Section 37 of the Real Estate (Regulation and Development) Act, 2016, the Karnataka Real Estate Regulatory Authority is vested with the power to issue directions from time to time to the promoters, allottees or real estate agents’ as it considers necessary from time to time.
In order to provide services on transactional basis for updating registration of project, technical clearance and permission etc., rendered by the Authority and to state that it has been decided to levy the charges, which shall be over and above the charges of the Authority as prescribed in the Rules, which also includes updating website, database management and maintenance of website etc., But bank charges and taxes shall be charged extra on actual basis to be paid by the user.
The Circular No. RERA/ADM/CR-119/2019-20 dated 13-12-2019 laying down the charges for various services rendered by Karnataka Real Estate Regulatory Authority (K-RERA) stands revised. It is felt necessary to issue further directions on the charges for the specific services. Hence, the charges for the following services rendered by K-RERA is as bellow:
|Sl. No.||Type of transaction||Fee per transaction excluding taxes and bank charges|
|1||Correction of project name||Rs.10,000/-|
|2||Correction of project Address||Rs.10,000/-|
|3||Change of promoter name||Rs.10,000/-|
|4||Correction of promoter address||Rs.10,000/-|
|5||Correction of email address||Rs.10,000/-|
|6||Correction of mobile number||Rs.10,000/-|
|7||Change of RERA Bank Account details||Rs.10,000/-|
|8||Third party transfer||50% of the cost registration of project. paid|
Charges for inspection of documents and certified copies of the documents shall be applicable under RTI Act and Rules there under as amended from time to time.
It is to be also noted that the levy of the above prescribed charges will be effective commencing from this day irrespective of the date of submitting of application and approval thereof, till further revision.
Karnataka Real Estate Regulatory Authority
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