Amount Paid Towards Flat Cost (Excluding The Amount For Stamp Duty, Registration And Other Taxes)

Date Of Payment

Current Date

% of Interest Rate For Refund Of Paid Amount Towards Flat Cost

Interest Amount

Total Compensation Amount ( Amount Paid by Buyer + Interest )

How the Calculator Works ?

A. Enter the total payment made to the developer.

B. Enter the possession date as per the agreement and the actual possession date (or estimated date if possession is still pending).

C. The calculator will compute:

01. The delay period in months/years.

02. The compensation amount payable to the buyer (based on interest accrued during the delay).

Example Calculation

A. Total Amount Paid: ₹50,00,000

B.Possession Date (Agreed): January 1, 2021

C.Actual Possession Date: January 1, 2024

D.Interest Rate: 8% (example: SBI MCLR of 6% + 2%)

E.Delay Period: 3 years

Estimated Compensation: ₹12,00,000 (approximately ₹4,00,000 per year for the delay).