FBR Property Valuation of Major Cities in Pakistan

In 2016, the Federal Board of Revenue (FBR) was authorised to notify property valuations in urban centres of Pakistan. Since then, the tax authority has raised the valuation of property three times. These changes were made in 2018, 2019, and, most recently, in December 2021. 

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Graana.com, Pakistan’s smartest property portal, takes a look at the latest property valuation made by FBR in major cities in Pakistan.

 

Types of Property Valuation

Before we look at FBR’s valuation of the property, let us look at the types of property valuation in Pakistan and how they differ from each other.

 

DC Valuation Rate

The valuation is called the DC rate and is used for stamp duty purposes. At the DC rate, the property is registered with property regulation authorities.

FBR Valuation Rate

This is the rate at which Withholding Tax is charged. This is charged as per the filer/non-files states of the person.

Market Rate

The property market rate is usually 5-10 times the DC rate and 2-4 times that of the FBR rate.

 

FBR Property Valuation in Islamabad

 

Edited image of Pakistan Monument

 

Given below are the FBR rates for commercial and residential properties for sale in Islamabad. These rates were notified on 2nd March 2022.

 

Valuation of Immoveable Residential Property

SectorNatureValue Per Sq Yrd
Bahria Town Phase IAny Size34,000
Bahria Town Phase IIAny Size34,000
Bahria Town Phase IIIAny Size34,000
Bahria Town Phase IVAny Size34,000
Bahria Town Phase VAny Size34,000
Bahria Town Phase VIAny Size34,000
Bani GalaAny Size28,000
Bhara KahuAny Size22,000
CDA Enclave IAny Size30,000
CDA Enclave IIAny SIze30,000
CDA Enclave IIIAny Size44,000
Chatha BakhtawarAny Size20,000
Chak ShahzadAny Size28,000
DHA Phase IAny Size30,000
DHA Phase IIAny Size35,000
DHA Phase II ExtensionAny Size8,264
DHA Phase IIIAny Size16,529
DHA Phase IVAny Size9,917
DHA Phase VAny Size19,835
DHA ValleyAny Size8,264
D-12Any Size100,000
D-17Any Size25,000
E-6Any SizeNA
E-7Any Size150,000
E-11/3-4Any Size70,000
F-6Any Size140,000
F-7Any Size140,000
F-8Any Size130,000
F-10Any Size115,000
F-11Any Size110,000
F-15 (with Possession)Any Size18,000
F-15 (without Possession)Any Size10,000
F-17 MPCHSAny Size25,000
Faisal Town Housing SocietyAny Size15,000
Fazaia Tarnol Housing SocietyAny Size20,000
G-6Any Size120,000
G-7Any Size90,000
G-8Any Size100,000
G-9Any Size100,000
G-10Any Size100,000
G-11Any Size100,000
G-13Any Size80,000
G-14/4Any Size80,000
G-14/1-2-3Any Size40,000
G-17 Supreme Court Housing SocietyAny Size20,000
Ghouri TownAny Size18,000
Gulberg Residencia (with possession)Any Size19,000
Gulberg (without possession)Any Size13,000
Gandhara CityAny Size12,000
H SectorAny Size30,000
Humak TownAny Size18,000
I-8Any Size90,000
I-9Any Size45,000
I-10Any Size45,000
I-11Any Size35,138
I-12Any Size25,000
I-14Any Size30,000
I-15Any Size16,387
I-16Any Size22,917
Jammu & Kashmir 

Cooperative Housing 

Society G 15 

Any Size25,000
Jinnah GardenAny Size20,000
Margalla TownAny Size44,000
Naval AnchorageAny Size20,000
Pakistan TownAny Size18,000
PECHSAny Size10,000
RawatAny Size16,000
River GardenAny Size20,000

 

FBR Property Valuation in Karachi

 

Illustration of Mazar e Quaid in Karachi

 

For Karachi, the FBR notification notes that the valuation of a commercial property is per square yard of the covered area of the ground floor. In case the property has multiple floors, the valuation will take into account the additional floors as well. 

For industrial properties, it is noted that the value is per square yard of the entire area plus the covered area of the plot per square foot. 

The valuation of the residential property with more than one storey will be increased by 25 percent for each additional storey.

The valuation for these plots is given below:

 

CategoryResidential Open Plot (Per Sq Yrd)Residential Built Property (Pr Sq Yrd)
A-I73,12581,000
I+
I45,00056,250
II22,80030,800
III12,00016,875
IV9,56311,250
V6,0007,800
VI1,6654,995
VII35,52044,400
VIII9,99015,540
XI11,00013,200
X12,32014,300

 

Valuation of Commercial Property in Karachi

 

mixed-use building with commercial and residential floors

 

The FBR valuation of commercial property in Karachi is given below:

 

CategoryCommercial Open Plot (Per Sq Yrd)Commercial Built Property (Pr Sq Yrd)
A-I180,000103,500
I+160,00080,000
I123,75073,125
II106,87556,250
III46,00028,800
IV38,25016,875
V10,14011,375
VI3,6005,994
VII127,65061,040
VIII48,00049,248
XI52,00033,000
X60,50036,300

Note: The notification notes that the valuation of basements in commercial buildings in categories I, II, III, and IV will be 13,500 PKR per square yard.

 

Valuation of Industrial Property in Karachi

FBR valuation for industrial property in Karachi is given below:

 

CategoryIndustrial Open Plot (Per Sq Yrd)Industrial Built Property (Pr Sq Yrd)
A-I
I+
I12,1243,105
II13,8243,336
III6,0003,336
IV
V
VI
VII
VIII
XI
X

 

FBR Valuation of Apartments & Amenity Plots

The valuation for apartments and amenity plots is given below:

 

CategoryIndustrial Open Plot (Per Sq Yrd)Industrial Built Property (Pr Sq Yrd)
A-I7,31337,375
I+
I6,18823,000
II3,37510,925
III2,1385,750
IV1,6884.888
V9441,680
VI605840
VII7,77017,920
VIII3,3305,040
XI2,7506,000
X3,2207,000

These valuations are for Islamabad and Karachi. To read more on property valuation and taxation, visit Graana blog.

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