Thursday, 18 August 2022
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TAXATION

FBR Revised Rates of residential and commercial Immovable Properties

To fix fair market value of immovable properties, the Federal Board of Revenue (FBR), on Wednesday, revised Rates of residential and commercial Immovable Properties located in 40 major cities across the country.

In this connection, the FBR has issued 40 notifications, here on Wednesday to raise values of properties from December 1, 2021.

The FBR has also placed the old (rescinded) notifications pertaining to the old values on its website for reference purposes.

The values of almost all residential and commercial immovable properties of Pakistan have been increased in an attempt to bring them at par with the fair market values.

From December 1, 2021, the FBR has revised values of residential / commercial properties on the basis of per marla of some cities.

The values have been raised on the basis of size in square yards for other cities. The property area value has been determined on the basis of per marla basis for other cities.

The FBR has enhanced the market values of residential and commercial immovable properties located in Abbottabad; Attock; Bahawalnagar; Bahawalpur; Chakwal; Dera Ismail Khan; DG Khan; Faisalabad; Ghotki; Gujranwala; Gujrat; Gwadar; Hafizabad; Hyderabad; Islamabad; Jhang; Jhelum; Karachi; Kasur; Khushab; ;Lahore; Larkana; Lasbala; Mandibahauddin; Mansehra; Mardan; Mirpurkhaas; Multan; Nankna; Narowal; Peshawar; Quetta; Rahim Yar Khan; Rawalpindi; Sahiwal; Sargodha; Sheikhupura; Sialkot; Sukkur, and Toba Tek Singh.

In exercise of the powers conferred by sub-section (4) of section 68 of the Income Tax Ordinance, 2001 and in supersession of its notifications, the FBR has determined the fair market value of immovable properties.

RATES OF VALUATION OF IMMOVABLE PROPERTIES IN THE FOLLOWING CITIES ARE:

FBR Revised Rates of Commercial and Residential Properties City wise
City wise FBR Rates of Properties
Abbottabad
Attock
Bahawalnagar
Bahawalpur
Chakwal
Dera Ismail Khan
DG Khan
Faisalabad
Ghotki
Gujranwala
Gujrat
Gwadar
Hafizabad
Hyderabad
Islamabad
Jhang
Jhelum
Karachi
Kasur
Khushab
Lahore
Larkana
Lasbela
Mandi Bahauddin
Mansehra
Mardan
Mirpurkhas
Multan
Nankana
Narowal
Peshawar
Quetta
Rahim Yar Khan
Rawalpindi
Sahiwal
Sarghoda
Sheikhupura
Sialkot
Sukkur
Toba Tek Singh
City wise FBR Rates of Properties
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