An Article regarding the necessary details for Agent Registration in Uttar Pradesh Real Estate Regulatory Authority (UPRERA). This Article includes the documents required, the procedure and the fee structure as per the UPRERA rules.
Since the enactment of Real Estate Regulatory Authority Act, 2016 (RERA, 2016), the laws and compliances regulating the real estate industry has been narrowed and consolidated into one single legislation. The Central Act – RERA, 2016 was enacted with a purpose of regulation and promotion of real estate sector, sale of projects in a organized and efficient manner and to protect the interest of consumers through efficient adjudicating mechanism.
The subject involving real estate, land and registration and transfer of deeds are regulated by a combination of Centre and State Laws. This is the reason that although the parent act – RERA, 2016 has been enacted by the parliament but the Parliament has given the States and Union Territories to establish their own Authorities and Rules. The Parliament under Section 20 empowers States and UTs to establish their own Authority with various functions and under Section 85 of the Act has directed the Authorities to form their own rules for carrying forward the purpose of the legislation.
This is the reason why every state has its own Real Estate Regulatory Authority and has its own fee structure for promoter and agent Registration.
Through this Article you can ascertain the documents, procedure and fee structure for AGENT REGISTRATION in UTTAR PRADESH.
AGENT Registration can be done by INDIVIDUAL OR A COMPANY/PARTNERSHIP. The documents required as per the official website of Uttar Pradesh Real Estate Regulatory Authority are –
Documents required in case of INDIVIDUAL –
- Photograph of the Applicant
- PAN CARD
- AADHAR CARD
- LAST EDUCATIONAL QUALIFICATION
- ADDRESS PROOF – PLACE OF BUSINESS
- Affidavit-cum-undertaking of the Proposed Agent.
Documents required in case of COMPANY/PARTNERSHIP –
- Name of the Applicant Company along with Signatory
- Board Resolution of the Signatory
- GST Registration
- Memorandum of Association/Article of Association/Partnership Deed
- List of Partners/Directors
- ADDRESS PROOF – PLACE OF BUSINESS
- Affidavit-cum-undertaking of the Proposed Agent Company.
FEE STRUCTURE
The fee structure as per the schedule II of the Uttar Pradesh REAL ESTATE (REGULATION AND DEVELOPMENT) RULES, 2016 is –
Type of Agent | Registration Fee | Renewal Fee |
For Individual | Rs. 25,000/- | Rs. 5,000/- |
For Company/Partnership | Rs. 2,50,000/- | Rs. 50,000/- |
PROCEDURE
To ease the registration procedure as a agent in Haryana, the State Government has made an online procedure where you will have to upload all the documents and submit the requisite fee.
Once the online procedure is complete on the official website of UP RERA, the documents are uploaded and the payment is made an online payment and registration receipt will be generated.
This online receipt is to be attached with hard copy of all the documents that are uploaded online and a signed copy is to be submitted at the Authority branch against which an Acknowledgment will be received.
PENALTY FOR DEFAULT IN REGISTRATION
Agent Registration is mandatory under Section 9 the RERA Act, 2016 and no promoter can sale or purchase or act on behalf of anyone without registration. If an agent fails to register under Section 9 then he shall be liable to penalty under Section 62 of the RERA Act.
The penalty of non-registration is RS. 10,000/- (TEN THOUSAND) EVERY DAY the default continues which may extend upto 5 percent of the cost of the plot, apartment or building.
For more details you can contact us at contactus@hariharalaw.com