FBR issues new valuation rates for residential and commercial plots in Islamabad
Business
The Federal Board of Revenue has announced revised valuation rates for residential and commercial plots at 68 locations across Islamabad, aiming to align declared property values with market prices an
ISLAMABAD (Dunya News) – The Federal Board of Revenue (FBR) has issued new valuation rates for residential and commercial plots at 68 locations in Islamabad, bringing the updated rates into immediate effect.
With the implementation of the revised valuation tables, the fair market value of immovable properties in residential, commercial, and rural areas of the federal capital will now be assessed under the new rates. The move is expected to change the landscape of property transactions in the city.
According to the FBR, the revised valuation will directly impact property buying and selling, capital gains tax, and withholding tax. Officials said the new rates would help improve transparency in real estate transactions and are likely to increase tax revenue.
Real estate developers, investors, buyers, and sellers have been advised to strictly follow legal procedures and tax regulations in line with the updated valuation tables, as the days of under-reporting values are coming to an end.
As per SRO 2390, some of the highest residential open plot rates per square yard have been set in prime sectors. The valuation in E-7 has been fixed at over Rs600,000 per square yard, followed by F-7 and F-6 at Rs500,000, F-8 at Rs450,000, F-10 and F-11 and G-6 at Rs350,000, D-12 and I-8 at Rs250,000, E-11, G-8 and G-9 at Rs180,000, G-10 at Rs160,000, G-7 at Rs140,000, and Sector C-14 at above Rs100,000 per square yard.
In rural and semi-urban areas, the maximum valuation for one-kanal farmhouses in Chak Shahzad has been set at Rs11.2 million, Rs14 million in Orchard Scheme, Rs17.55 million in Gulberg Greens, and up to Rs18 million per kanal in the industrial areas of I-9 and I-10.
For commercial open plots, the highest valuation per square yard has been fixed at Rs1 million in D-12 and E-11, Rs2.5 million in E-7 and F-6, F-7 and F-8, Rs2.2 million in F-10 and F-11, and up to Rs1.8 million in G-5, G-6, G-7, G-8 and G-9.
The FBR said the step is aimed at bringing declared property values closer to real market prices, ensuring better tax compliance, and putting the real estate sector in Islamabad on a clearer and more transparent path.
