Tamil Nadu notified RERA regulation secluding projects which are on the verge of completion. RERA to be functional with immediate effects in state.
Penalty of 10% of the project cost to apply and imprisonment of about 3 years on law violation.
22nd of June rules have been notified within the state. Project under Chennai Metropolitan Area (CMA) on their completion are to be exempted from the law. Completion certificate issued under the Chennai Metropolitan Development Authority (CMDA).
Projects not listed with CMA completed their construction and certified with the architect or structural engineer/ licensed surveyor linked with the project aided with photographs range outside RERA.