Importance of Property Tax

Property tax serves as a vital source of revenue for municipal corporations throughout India. It is a compulsory financial responsibility for every property owner within the municipal boundaries. This tax is collected annually, and adherence to payment is required for all eligible individuals.

Additionally, for those involved in property transactions or rentals, a police verification certificate may also be required as part of the due diligence process to ensure the security and legitimacy of the property dealings.

Types of Property Subject to Tax

In Raipur, the following types of properties are liable for property tax:

• Residential properties

• Commercial properties

• Industrial properties

Eligibility Criteria for Paying Property Tax

To be eligible for paying property tax in Raipur, an individual must meet the following criteria:

• Be at least 18 years of age

• Be a permanent resident of Raipur

• Own property within the city limits

Exemptions from Property Tax

Certain properties are exempt from property tax under specific sections, including:

• Properties managed by the Devasthan Department of the State Government

• Properties dedicated to public worship or serving public interests

• Properties employed for the disposal of deceased individuals

• Properties solely used for educational purposes by educational institutions

• Properties set aside for public parks, libraries, or museums

Property Registration

Before paying property tax, owners must register their properties by submitting an application form along with necessary documents to the Municipal Corporation.

For additional services and assistance, you might also find a GST Suvidha Kendra Near Me useful for handling any GST-related requirements or queries that may arise.

Required Documents

At the time of payment, the taxpayer must provide the property tax invoice details.

Online Payment Procedure for Property Tax

To pay property tax online in Raipur, follow these steps:

• Access the official website of the Raipur Municipal Corporation.

• Select your specific corporation and click "Go."

• Navigate to the "Self-Assessment" tab, input your property ID, and submit the form.

• If needed, update your mobile number and email ID.

• Request an OTP to update your contact details.

• Input the OTP you received and click "Verify and Update."

• Request an OTP for self-assessment.

• Enter the OTP and click "Submit OTP for Self-Assessment."

• View the self-assessment page, make the necessary assessments, and save.

• Confirm by clicking "Yes."

• Generate and save the demand report.

• Click "Proceed for Payment."

• Click "Pay now" for online payment.

• Select the payment gateway and click "Save."

• Choose the payment method (card or net banking) and click "Pay now."

• Enter card details for card payment.

• Select your bank for net banking.

• Enter net banking credentials and complete the payment.

• A receipt will be issued for your records.

Offline Payment Procedure for Property Tax

To make an offline payment for property tax in Raipur:

• Generate a challan from the portal.

• Follow the steps for self-assessment.

• Click "Pay later" for offline payment.

• Print the generated challan.

• Visit the municipal corporation office within seven days.

• Pay the assessed amount at the cash counter.

• Receive an acknowledgment receipt.

• Collect the property tax bill from the office.

Validity of Property Tax Documents

Property tax documents are valid for one year and must be renewed annually.

For property-related documentation, you might also find the Bihar Rent Agreement Format useful if you are handling rental agreements in Bihar.

Penalty for Non-Payment

Failure to pay property tax within the stipulated time may result in a penalty equal to five times the property tax rate.

READ NOTE: characteristics of private company

Disclaimer

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