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FBR Revises Property Valuation Rates Across Islamabad’s Key Residential and Commercial Areas

Islamabad: The Federal Board of Revenue has updated property valuation rates across 68 locations in the capital, raising assessed values for residential, commercial and rural areas. The revision, issued through SRO 2392, introduces significant adjustments for several upscale sectors, while a few areas have seen reductions, according to news reports.

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Under the revised tables, residential and commercial superstructures up to five years old will now be assessed at PKR 4,000 per square foot. Structures older than five years are valued at PKR 3,000 per square foot. Valuations for rural localities will continue to be determined by the Islamabad District Collector’s office.

The new rates have taken effect immediately, meaning all ongoing and upcoming real estate transactions in Islamabad must follow the updated valuations. Officials said the move is aimed at aligning declared prices with actual market trends, improving transparency and strengthening property documentation in the capital. The changes will also influence capital gains and withholding tax calculations for buyers and sellers.

Among the most notable revisions, Sector E-7 now ranks as Islamabad’s most expensive residential area, with plot values set at PKR 600,000 per square yard. Sectors F-7 and F-6 follow at PKR 500,000 per square yard, while F-8 is assessed at PKR 450,000 per square yard. Plot valuations in F-10, F-11 and G-6 have risen to PKR 350,000 per square yard.

Farmhouse rates have also increased sharply. Chak Shahzad is now valued at PKR 11.2 million per kanal, while Gulberg Green stands at PKR 17.55 million per kanal.

Commercial areas recorded some of the highest jumps. In D-12 and E-11, commercial plots are now valued at PKR 1 million per square yard, whereas prime commercial locations in E-7 and F-7 have reached up to PKR 2.5 million per square yard.

According to FBR officials, the updated valuations are designed to reflect real market conditions more accurately and reinforce the government’s efforts to enhance tax compliance within the real estate sector.

Arslan Siddiqui

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