ISLAMABAD: The Federal Board of Revenue (FBR) has issued revised property valuation rates for 68 localities across the capital, significantly increasing taxable benchmarks for residential, commercial, and rural properties. The new rates take immediate effect and are aimed at aligning declared transaction values with prevailing market prices.
According to SRO 2392, FBR has set the valuation of residential and commercial superstructures at Rs 4,000 per square foot for buildings up to five years old and Rs 3,000 per square foot for older constructions. Rural property valuations will continue under the Islamabad District Collector’s mandate.
Several high-end sectors have seen substantial increases. E-7 has become the most expensive locality with residential plots now valued at Rs 600,000 per square yard. Sectors F-7 and F-6 are each valued at Rs 500,000 per square yard, while F-8 stands at Rs 450,000. Meanwhile, sectors F-10, F-11, and G-6 have been revised to Rs 350,000 per square yard.
Farmhouse valuations have also been updated sharply, with Chak Shahzad reaching Rs 11.2 million per kanal and Gulberg Green rising to Rs 17.55 million per kanal. Commercial plots show some of the steepest adjustments, with D-12 and E-11 now valued at Rs 1 million per square yard, and premium commercial areas in E-7 and F-7 at Rs 2.5 million per square yard.
FBR officials stated that the updated valuation tables are intended to enhance documentation, increase transparency, and ensure more accurate capital gains and withholding tax assessments in Islamabad’s property market.
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