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 ?
- Enter the total payment made to the developer.
- Enter the possession date as per the agreement and the actual possession date (or estimated date if possession is still pending).
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The calculator will compute:
- The delay period in months/years.
- The compensation amount payable to the buyer (based on interest accrued during the delay).
Example Calculation
- Total Amount Paid: ₹50,00,000
- Possession Date (Agreed): January 1, 2021
- Actual Possession Date: January 1, 2024
- Interest Rate: 8% (example: SBI MCLR of 6% + 2%)
- Delay Period: 3 years
Estimated Compensation: ₹12,00,000 (approximately ₹4,00,000 per year for the delay).