When buying property—especially a plot you intend to build your dream home on—there’s more to the process than just location, price, and amenities. Two critical things every buyer must understand before signing on the dotted line are Property Tax and RERA Rules.
If you're considering investing in a premium plotted development like Silver Oak Raipur, understanding these legal and financial responsibilities will help you make a smart, informed decision.
In this guide, we’ll break it down for you—in plain language, without jargon, and with Chhattisgarh-specific insights that matter to you as a Raipur property buyer.
Property tax is a tax you pay to the local municipal body every year for owning real estate. It applies to all kinds of properties—plots, houses, apartments, commercial buildings, etc.
In Raipur, property tax is paid to the Raipur Municipal Corporation (RMC) or Nava Raipur Atal Nagar Vikas Pradhikaran (NRANVP) depending on your property’s location.
Silver Oak Raipur is a plotted development on Vidhan Sabha Road, a rapidly growing corridor under RMC jurisdiction. This means once you purchase a plot and get it registered in your name, you’ll be responsible for paying yearly property tax.
Failing to pay property tax can result in:
Penalties or fines
Difficulty selling or transferring the property in the future
Legal complications in case of disputes
Pro tip: Always keep copies of your property tax receipts. They serve as proof of ownership and financial compliance.
RMC follows the Annual Rental Value (ARV) method for calculating property tax.
Here’s a simple breakdown:
Property Tax = Annual Lettable Value (ARV) x Tax Rate (%)
What influences ARV?
Location of your property (prime zones pay more)
Size of the plot/home
Type of use (residential, commercial, mixed)
Age of the building (if constructed)
Type of construction (pucca/kachcha)
Since Silver Oak Raipur is a premium residential plotted community, your base property tax will be on the land value only until you build your home. Once construction is complete and occupancy begins, the rate will increase slightly based on built-up area and usage.
You can pay through:
RMC official website
At any designated municipal center
Through authorized collection agents
If you're a first-time property taxpayer in Raipur, you’ll need:
Plot ownership documents
Property UID/Account number (assigned after registration)
Owner ID and address proof
Once paid, you’ll receive a property tax receipt—keep this safe.
Yes. Chhattisgarh offers tax exemptions in certain cases, such as:
Small homes below a certain size
Women-owned properties may qualify for rebates
Senior citizens, ex-servicemen, and specially-abled individuals
You’ll need to apply for the rebate with valid proof each year. If you’re building a house on your Silver Oak plot for your retired parents or as a woman buyer, this may apply to you.
The Real Estate (Regulation and Development) Act, 2016, known as RERA, was introduced by the Government of India to bring transparency, accountability, and consumer protection to the real estate sector.
In Chhattisgarh, this is implemented by the Chhattisgarh Real Estate Regulatory Authority (CGRERA).
Buying into a RERA-registered project like Silver Oak Raipur gives you legal protection and transparency at every stage. Here's how:
Legal Clarity: You get exact details of the plot area, possession date, development plans, and amenities.
On-Time Delivery: The developer is legally bound to deliver the project on schedule.
Advance Cap: Builders can't take more than 10% as advance without a registered agreement.
No Surprise Changes: Layout plans can’t be changed without your consent.
Defined Penalties: If delivery is delayed or promises aren't met, you’re entitled to compensation.
Yes. Silver Oak Raipur is a CGRERA-approved plotted development. You can verify this by visiting the official CGRERA website and entering the project's registration number.
This registration ensures that the project follows all legal, environmental, and zoning laws—and provides full protection to buyers under the RERA framework.
Whether it’s Silver Oak or any other project, always check the following:
✅ RERA registration number
✅ Project completion timeline
✅ Approved layout and zoning plan
✅ Sanctioned utilities and amenities
✅ Developer’s track record
✅ Payment schedule and agreement clauses
Silver Oak Raipur scores high on all of the above, which makes it one of the more secure and transparent investments for real estate in Raipur.
Under RERA, developers must use a standardized agreement for sale that outlines:
Plot number and size
Total consideration value
Payment stages
Possession date
Penalty clauses for delays
Maintenance responsibilities
This agreement is legally binding and protects you from arbitrary policy changes or hidden costs.
At Silver Oak, the sales and legal teams walk you through this documentation thoroughly, ensuring you understand each clause before signing.
Q. Can I file a complaint under RERA if something goes wrong?
Yes, if the builder delays possession or fails to provide promised amenities, you can file a complaint online with CGRERA.
Q. What if the developer doesn't have RERA approval?
Avoid investing. As per law, every project with over 500 sq.m. land or more than 8 units must be registered under RERA.
Q. Can I track project status under RERA?
Yes. Registered developers must update progress quarterly on the CGRERA portal.
When buying a plot, especially in a developing urban area like Vidhan Sabha Road, it’s easy to get overwhelmed. But here’s where Silver Oak truly stands out:
No surprises. You get everything in writing—layout, approvals, and project timelines.
The project falls under approved residential zoning with road access, water, drainage, and power—all in line with RMC and RERA norms.
From showing plot options to guiding you through registration, mutation, and tax setup, Silver Oak offers end-to-end assistance.
Even after handover, you get help with mutation, tax receipts, and liaisoning with RMC—something most developers don’t offer.
If you’re seriously considering buying a plot in Raipur, especially in an upscale project like Silver Oak Raipur, here are a few tips to keep in mind:
Always verify the RERA registration number
Insist on a copy of the sanctioned layout and title clearance
Understand the annual tax obligations post-purchase
Confirm that development charges (roads, drainage) are included
Pay a large advance without a signed agreement
Ignore small clauses in the agreement—read every line
Rely only on verbal promises—get everything on paper
Buying land is not just a real estate decision—it’s a life milestone. And at Silver Oak Raipur, the goal is to make that journey transparent, legal, and stress-free.
Understanding your property tax obligations and your rights under RERA will help you safeguard your investment and avoid future headaches.
With a trusted RERA-approved developer, prime location, clear paperwork, and unmatched buyer support, Silver Oak Raipur isn’t just a place to buy land—it’s a place to build dreams that last generations.
Visit silveroakraipur.com or drop by our site office to speak to our team. We’ll help you with everything from plot selection to registration, property tax setup, and even architectural guidance for your future home.
RERA Explained: What Every Homebuyer in Chhattisgarh Should Know
August 25, 2025
