RERA Delay Compensation Calculator
Estimate builder interest for delayed flat possession. Based on Section 18 of RERA Act - SBI MCLR + 2% per annum.
Possession Details
Enter your project and possession dates.
Date written in your Allotment Letter / Agreement for Sale
If you still don't have keys, select today or builder's revised commitment
Sum of all instalments including GST & parking
Extension & Refund
If the promoter got a valid extension, compensation starts after the extended date
Leave 0 if none
Interest paid on home loan due to delay
Rent paid while waiting for possession
Legal fees and consultation charges
Ready to Calculate
Fill out the form to get your compensation estimate
How to Use the RERA Delay Compensation Calculator
Enter possession details
Select your state, enter the promised possession date from your agreement, and the actual or expected possession date.
Add financial details
Enter total amount paid to the builder, any RERA extension obtained, and refunds already received.
Review compensation
Get your estimated compensation based on Section 18 of RERA Act. Download the legal notice template to start your claim.
Why Use the RERA Delay Compensation Calculator?
RERA Section 18 Compliant
Calculations are based on the exact formula prescribed under Section 18 of the RERA Act - SBI MCLR + 2% per annum.
All Indian States Covered
State-specific interest rates including special provisions for Uttar Pradesh, Andhra Pradesh, and Chhattisgarh.
Download Notice Template
Get a ready-to-use legal notice template pre-filled with your compensation amount and state-specific RERA authority details.
Instant & Free
No signup required. Get your compensation estimate in seconds with full breakdown of delay period, interest rate, and rupee amount.
Frequently Asked Questions
Learn about RERA delay compensation and how to claim it.
What is Section 18 of RERA?
Section 18 of the RERA Act, 2016 mandates that if a builder fails to deliver possession by the agreed date, the buyer is entitled to interest at SBI MCLR + 2% per annum on the total amount paid. The buyer can either stay in the project and claim monthly interest, or withdraw and claim a full refund with interest.
What interest rate applies to RERA delay penalty?
The RERA Act specifies SBI Marginal Cost of Lending Rate (MCLR) plus 2% per annum. As of July 2026, SBI's 1-year MCLR is 8.70%, making the effective penalty rate 10.70% per annum. Some states have different rates - Uttar Pradesh uses MCLR + 1%, while Andhra Pradesh and Chhattisgarh use Prime Lending Rate + 2%.
Is RERA delay penalty taxable?
Yes. RERA delay interest received is taxable under "Income from Other Sources" at your applicable income tax slab rate. There is no specific exemption for RERA compensation under current tax law.
Can I claim RERA penalty if my project is not RERA registered?
Only RERA-registered projects are covered. Projects completed before RERA's commencement (May 2017) or land/plot sales are generally excluded. Verify registration on your state's RERA portal before filing.
What is included in "amount paid" for RERA penalty calculation?
All payments made to the developer count: booking amount, construction-linked instalments, parking, PLC, club membership, and other charges in the sale agreement. Stamp duty and registration paid to the government are excluded.
How long does a RERA complaint take to resolve?
The RERA Act mandates resolution within 60 days. In practice, MahaRERA resolves complaints in 3-6 months; states with higher caseload may take 9-18 months. An interim order is often obtainable within 30-60 days.
From Analysis to Execution
This calculator helps you estimate compensation. Mellite helps you manage your entire project - from buyer personalization to procurement to site execution.
Visual Selection
Buyers customize their home with an intuitive visual interface. No spreadsheets, no confusion.
Auto-Generated BOMs
Every selection automatically creates a unique Bill of Materials. Zero manual entry, zero errors.
Margin Lock
Prices are locked at selection time. Margins are protected. No more cost overruns from last-minute changes.
Frequently Asked Questions about RERA Delay Compensation Calculator
Engineering methodologies, CPWD & RERA norms, and calculation standards applied in this calculator.
Download PDF Report or Embed on Your Website
Export an official specification report or embed this interactive calculator widget on your architecture/interior blog with a 1-click iframe snippet.
Match Materials With Tier-1 Manufacturers & Capture Factory Rebates
Bypass distributor markups. Mellite Vendor Match connects your site procurement directly with top building material factories across India.
Transform Free Calculators Into Automated Real Estate Procurement
Book an enterprise demo or join the waitlist to see how Mellite connects your BOQs directly with tier-1 manufacturers across India.