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. 

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

 

 

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
Sector	Nature	Value Per Sq Yrd
Bahria Town Phase I	Any Size	34,000
Bahria Town Phase II	Any Size	34,000
Bahria Town Phase III	Any Size	34,000
Bahria Town Phase IV	Any Size	34,000
Bahria Town Phase V	Any Size	34,000
Bahria Town Phase VI	Any Size	34,000
Bani Gala	Any Size	28,000
Bhara Kahu	Any Size	22,000
CDA Enclave I	Any Size	30,000
CDA Enclave II	Any SIze	30,000
CDA Enclave III	Any Size	44,000
Chatha Bakhtawar	Any Size	20,000
Chak Shahzad	Any Size	28,000
DHA Phase I	Any Size	30,000
DHA Phase II	Any Size	35,000
DHA Phase II Extension	Any Size	8,264
DHA Phase III	Any Size	16,529
DHA Phase IV	Any Size	9,917
DHA Phase V	Any Size	19,835
DHA Valley	Any Size	8,264
D-12	Any Size	100,000
D-17	Any Size	25,000
E-6	Any Size	NA
E-7	Any Size	150,000
E-11/3-4	Any Size	70,000
F-6	Any Size	140,000
F-7	Any Size	140,000
F-8	Any Size	130,000
F-10	Any Size	115,000
F-11	Any Size	110,000
F-15 (with Possession)	Any Size	18,000
F-15 (without Possession)	Any Size	10,000
F-17 MPCHS	Any Size	25,000
Faisal Town Housing Society	Any Size	15,000
Fazaia Tarnol Housing Society	Any Size	20,000
G-6	Any Size	120,000
G-7	Any Size	90,000
G-8	Any Size	100,000
G-9	Any Size	100,000
G-10	Any Size	100,000
G-11	Any Size	100,000
G-13	Any Size	80,000
G-14/4	Any Size	80,000
G-14/1-2-3	Any Size	40,000
G-17 Supreme Court Housing Society	Any Size	20,000
Ghouri Town	Any Size	18,000
Gulberg Residencia (with possession)	Any Size	19,000
Gulberg (without possession)	Any Size	13,000
Gandhara City	Any Size	12,000
H Sector	Any Size	30,000
Humak Town	Any Size	18,000
I-8	Any Size	90,000
I-9	Any Size	45,000
I-10	Any Size	45,000
I-11	Any Size	35,138
I-12	Any Size	25,000
I-14	Any Size	30,000
I-15	Any Size	16,387
I-16	Any Size	22,917
Jammu & Kashmir Cooperative Housing  Society G 15	Any Size	25,000
Jinnah Garden	Any Size	20,000
Margalla Town	Any Size	44,000
Naval Anchorage	Any Size	20,000
Pakistan Town	Any Size	18,000
PECHS	Any Size	10,000
Rawat	Any Size	16,000
River Garden	Any Size	20,000

 

FBR Property Valuation 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:

 

Category	Residential Open Plot (Per Sq Yrd)	Residential Built Property (Pr Sq Yrd)
A-I	73,125	81,000
I+	–	–
I	45,000	56,250
II	22,800	30,800
III	12,000	16,875
IV	9,563	11,250
V	6,000	7,800
VI	1,665	4,995
VII	35,520	44,400
VIII	9,990	15,540
XI	11,000	13,200
X	12,320	14,300

 

Valuation of Commercial Property in Karachi

 

 

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

 

Category	Commercial Open Plot (Per Sq Yrd)	Commercial Built Property (Pr Sq Yrd)
A-I	180,000	103,500
I+	160,000	80,000
I	123,750	73,125
II	106,875	56,250
III	46,000	28,800
IV	38,250	16,875
V	10,140	11,375
VI	3,600	5,994
VII	127,650	61,040
VIII	48,000	49,248
XI	52,000	33,000
X	60,500	36,300

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:

 

Category	Industrial Open Plot (Per Sq Yrd)	Industrial Built Property (Pr Sq Yrd)
A-I	–	–
I+	–	–
I	12,124	3,105
II	13,824	3,336
III	6,000	3,336
IV	–	–
V	–	–
VI	–	–
VII	–	–
VIII	–	–
XI	–	–
X	–	–

 

FBR Valuation of Apartments & Amenity Plots

The valuation for apartments and amenity plots is given below:

 

Category	Industrial Open Plot (Per Sq Yrd)	Industrial Built Property (Pr Sq Yrd)
A-I	7,313	37,375
I+	–	–
I	6,188	23,000
II	3,375	10,925
III	2,138	5,750
IV	1,688	4.888
V	944	1,680
VI	605	840
VII	7,770	17,920
VIII	3,330	5,040
XI	2,750	6,000
X	3,220	7,000

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