St. Peter's church is one of the oldest churches on the canonical territory of the Serbian Orthodox Church. It is very well known as the earliest spiritual centers in the Ras area where the first Serb state was created under great Zupan Nemanja in 11th century. It was in this church that Nemanja was baptized. Later this first ruler of an organized Serb state become a monk in Mount Athos where he and his son St. Sava, the first Archbishop of Serbia established the monastery of Hilandar.
St. Peter's church is situated at the outskirts of Novi Pazar and is historically linked with the old city of Ras which used to be the first Serbian capital. In the vicinity of St. Peter's Church are two important monasteries: Sopocani and Djurdjevi Stupovi, which played an important role in the spiritual life of the medieaval Serbian kingdom.
Historians claim that the first church to be built on this site was an old Christian basilica which was later rebuilt in the shape of today's church, during the early Middle Ages. The church was also important state and political center because synods and meetings were held under its vaults. Today the church is surrounded by the 18-19th century Serbian Orthodox cemetery which is one of the best preserved of this kind in Serbia.