ISLAMABAD: The Federal Board of Revenue (FBR) has silently revised the valuation rates of properties for Islamabad, notifying new rates for residential, commercial and rural areas of 68 locations, including newly constructed Housing Colonies such as DHA, Zartaj Housing, Gulberg, Bahria Enclave, Ghandha City, B-17 and others. Some of valuations rates have been jacked up in posh areas like E-7, F-7, F-6 and F-8 substantially. However, some of the areas valuation tables have been decreased.
Under SRO 2392 issued by the FBR, the Federal Board of Revenue is “pleased to determine the following fair market values of immoveable properties. The value of residential and commercial superstructure shall be (a) Rs4,000 per square foot if the superstructure is up to five years old; and (b) Rs.3,000 per square foot if the superstructure is more than five years old.
“The Valuation of Rural Areas of Islamabad Capital Territory shall be taken as notified by Additional Deputy Commissioner (Revenue)/ District Collector Islamabad.”
The new rates have come into force with an immediate effect, making all real estate transactions in the federal capital subject to the updated valuation tables.
The revision in rates will directly impact capital gains tax, withholding tax and documentation requirements, and is expected to increase transparency and revenue from Islamabad’s rapidly expanding property market. Real estate buyers, sellers, developers and investors have been advised to strictly follow the updated valuation schedule during property transfer. The FBR’s Regional Taxpayer Office (RTO), Lahore, also constituted a committee to revise the valuation table of immoveable property for their respective areas.
According to the new valuation for Islamabad notified by the FBR, the Sector E7 has emerged as the most expensive area, with the maximum open residential plot value fixed at 600,000 rupees per square yard. The rate for Sectors F7 and F6 has been set at 500,000 rupees per square yard, while Sector F8 is valued at 450,000 rupees per square yard.
In Sectors F10 and F11, as well as G6, the maximum open plot valuation has been increased to 350,000 rupees per square yard. For D12 and I8, the new rate stands at 250,000 rupees per square yard, while E11, G8 and G9 have been valued at 180,000 rupees per square yard.
The maximum rate for Sector G10 has been fixed at 160,000 rupees per square yard and for G7 at 140,000 rupees per square yard. Sector C14 has been valued at 100,000 rupees per square yard in the revised schedule.
Farmhouse valuations have also been significantly revised. The maximum per-kanal price in Chak Shahzad now stands at 11.2 million rupees, in Orchard Scheme at 14 million rupees and in Gulberg Green at 17.55 million rupees.
For industrial zones, the value of a one-kanal plot in I9 and I10 industrial areas has been set at up to 18 million rupees. Officials said industrial valuations have been raised to reflect growth in commercial activity and rising demand for warehouse and factory land.
Commercial open plot valuations have seen steep revisions, with D12 and E11 now carrying a maximum commercial rate of 1 million rupees per square yard. In premium markets including Sectors E7, F6, F7 and F8, commercial plots have been valued as high as 2.5 million rupees per square yard.
Commercial plots in Sectors F10 and F11 are now valued at 2.2 million rupees per square yard, while commercial spaces in Sectors G5, G6, G7, G8 and G9 have been set at 1.8 million rupees per square yard. These adjustments reflect the consistently rising commercial demand in Islamabad’s central corridors.
FBR officials said the purpose of the revised valuations is to bring declared transaction prices closer to actual market rates.
