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.
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.
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.
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:
Unlock substantial funds of up to Rs. 10.50 crore*, depending on the valuation of your property, at competitive interest rates.
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.
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!
