If you’re a property owner in Raipur, you’re probably familiar with the Raipur property tax. Online payment options have made paying the Raipur property tax more convenient than ever. Now, imagine if you could unlock the financial potential of your property just as easily as you can pay your property tax with a few clicks. This is where a loan against property from a reputed NBFC like Bajaj Finserv comes into play.
What is Raipur property tax?
Raipur Property Tax is a mandatory levy imposed by the Raipur Municipal Corporation (RMC) on property owners within its jurisdiction. It is a primary source of revenue for the municipal body, used to maintain civic infrastructure and provide essential services such as sanitation, water supply, and road maintenance. Property tax is applicable to residential, commercial, and vacant properties and is calculated based on factors like property type, usage, location, and size. Property owners are required to pay this tax annually or biannually, either online via the RMC portal or offline at designated collection centers. Non-payment may attract penalties.
Paying your property tax on time ensures compliance, but why stop there? Unlock your property's full financial potential with a Bajaj Finserv Loan Against Property. This secured loan offers significant funding while you retain ownership, making it perfect for expanding your business, funding education, or pursuing personal aspirations. By leveraging your property's value, you gain access to flexible repayment terms and competitive interest rates, transforming your asset into a powerful financial tool. Get loan of up to Rs. 10.50 crore against your property within 72 hours* of the approval.
Required documents for Raipur property tax
To pay property tax in Raipur or apply for related services, you need the following documents:
- Property ownership documents: Sale deed, gift deed, or registration certificate as proof of ownership.
- Property Identification Number (PID): Unique identification assigned by the Raipur Municipal Corporation (RMC).
- Previous tax receipts: Receipts of past property tax payments, if applicable.
- Occupancy certificate: Proof of property usage, especially for new constructions.
- Building plan approval: Approved layout or blueprint for constructed properties.
- ID proof and address proof: Aadhaar card, voter ID, or utility bill of the owner.
- Encumbrance certificate: Optional for verifying property’s financial status.
Maintaining accurate property tax payments also opens up financial opportunities. For instance, Bajaj Finance offers loan against property to help you leverage your property’s value while retaining ownership. This loan can provide substantial funds for various needs, such as business growth, higher education, medical emergencies, or consolidating debt. Get access to large funds with the flexibility to part-prepay your Flexi Loan at no extra cost.
Key components of property tax in Raipur
The Raipur property tax is a local tax collected by the Municipal Corporation of Raipur. This tax is levied on all kinds of properties, whether residential, commercial or industrial, and is calculated on the basis of several factors. The calculation of Raipur’s property tax is influenced by the property’s location, its current valuation, and regional regulations.
Typically, property owners must pay their Raipur property tax either annually or bi-annually, depending on their convenience. Persons above 18 years of age, and permanent residents and property owners in Chattisgarh are responsible for meeting their property tax obligations.
Methods to calculate property tax in Raipur
Numerous factors must be taken into account when calculating Raipur property tax. These include the property type (residential, commercial, or industrial), its location in the city, the type of family residing (joint or nuclear), its construction details, and its occupancy status (owner-occupied or rented).
You can manually calculate your Raipur property tax by following the guidelines provided on the official Raipur Municipal Corporation website. Alternatively, you can utilise the online calculator available on the official website to automate the computation. Property owners need only enter the relevant details about their property to receive an accurate tax amount.
Timely property tax payments reflect responsible ownership. But did you know that your property can also provide a safety net during financial crunches? Bajaj Finserv Loan Against Property offers a low-cost, high-value option to address diverse monetary needs while safeguarding your property’s value. Whether it is expanding your business or funding your child's education, our loan against property can help without parting with your asset. With Bajaj Finserv Loan Against Property enjoy lower EMIs starting from Rs. 750/lakh* and longer repayment tenures.
Exemptions and deductions in Raipur property tax
Certain types of property in Raipur are exempted from property tax. Exemptions are generally granted based on the property’s purpose and usage. For example, properties or land used for public worship or public purposes are exempted. Exemptions are also extended for land used by education institutions exclusively for educational purposes, as well as land designated for use in the disposal of corpses.
Such exemptions are meant to encourage property use for social benefits and ease the financial burden on owners contributing to such causes.
Pro tip: While managing property tax rebates, refunds or cancellations, consider leveraging your property to secure a loan. A loan against property could provide immediate funds to cover your financial needs as you wait for your refund or resolve any tax matters. With attractive interest rates and flexible repayment options, this loan is an excellent way to tap into your property’s financial potential. Get access to large funds with the flexibility to part-prepay your Flexi Loan at no extra cost.
How to pay property tax in Raipur online
You can pay your Raipur property tax online by navigating to the online services section of the official Raipur Municipal Corporation website. Click on the relevant option for paying property tax and then enter your property ID into the field provided. Ensure you review the tax amount computed for your property before proceeding to the payment page.
Benefits of loan against property
Now that we’ve discussed your civic duties as a property owner, it’s important to understand that property ownership is not just about responsibilities. It’s also about opportunities that can be rewarding. After all, your property is more than just a home or an investment, it can be a powerful tool for financial empowerment.
When it comes to making the most of your property asset, whether to expand your business or fund your child’s wedding, Bajaj Finserv Loan Against Property stands out with its attractive features and benefits:
Get a loan of up to Rs. 10.50 crore with the option of interest-only EMIs during the initial tenure.
Repay the loan over flexible repayment tenures of up to 15 years*.
Complete the quick online application process and have the loan amount disbursed into your bank account within 72 hours* of approval.
Get a loan of up to Rs. 10.50 crore with the option of interest-only EMIs during the initial tenure.
The digital age has revolutionised how we manage our financial obligations, such as paying property taxes, and leverage our assets through options like the Bajaj Finserv Loan Against Property. Take advantage of this convenience to meet your financial needs today!
