The Tamil Nadu Real Estate Regulatory Authority (TNRERA) got an unenthusiastic response on its official portal for RERA registration in the initial phase. The Authority collected only 55 registration applications for agents and issued five with the registration number.
The rules were notified by the state government of Tamil Nadu on 22 nd June and took more than a month to bring the RERA portal to existence.
The fees for Agent registrations in the state is Rs 25,000 for individuals and Rs 50,000 for other than individuals.
The license will be valid for a period of 5 years, following which a renewal will be required.