Paying your property tax is a civic responsibility that contributes to the larger picture of a well-functioning city. In Amritsar, this significant task has been simplified through the introduction of online payments. Now, you can pay your Amritsar property tax to contribute to the city’s development from the comfort of your home.
Paying your property tax is also crucial if you decide to leverage your home as an asset for a loan against property. Financial institutions require you to be up-to-date with your property tax payments as a part of the loan application process.
Key components of property tax in Amritsar
Several factors determine the calculation of Amritsar property tax. The first is the property type – residential or commercial. The second is the property area, measured in square yards. The third component is the property’s annual rental value, determined by Amritsar’s Municipal Corporation, depending on the property’s location and type.
Methods to calculate property tax in Amritsar
Amritsar property tax is calculated based on the property’s annual rental value:
- For residential properties: 10% of the total annual rent
- For commercial properties: 15% of the total annual rent
How to pay property tax in Amritsar online
Paying property tax in Amritsar is straightforward with the online portal of the District Amritsar, Government of Punjab. Visit the official website and navigate to the property tax payment section. Enter your property details, calculate the tax amount, and choose your preferred payment method. Once the payment is made, ensure to save or print the digital receipt for your records.
Bajaj Finserv Loan Against Property
Now that you're familiar with Amritsar’s property tax, let's delve into the financial solutions you can avail of. Whether you are looking to grow your business, finance education, or manage medical expenses, Bajaj Finserv Loan Against Property allows you to harness your property's worth. Benefit from attractive interest rates, easy repayment plans, quick loan approval, and clear eligibility criteria with Bajaj Finance.
Benefits of loan against property
Whether you have an unexpected expense like a medical emergency, or a large, planned expense, like funding your child’s higher education, a Bajaj Finser Loan Against Property can be the right choice for you. By leveraging the value of your property, you can secure a loan to meet your financial needs. Here’s what makes it such a compelling choice:
- High-value loan amounts of up to Rs. 10.50 crore*
- Competitive interest rates
- Flexible repayment tenures up to 15 years*
- Hassle-free online application process
- Speedy disbursal within 72 hours* of approval
Ensure your Amritsar property tax payments are current so you can take advantage of your property’s value to meet your large planned and unplanned expenses with a Bajaj Finserv Loan Against Property.
