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.
