Islamabad: The Federal Board of Revenue (FBR) has revised property valuation rates across 68 locations in Islamabad, increasing assessed values for residential, commercial, and rural areas. The update, issued through SRO 2392, introduces substantial rate adjustments for several high-end sectors, while some localities have seen downward revisions, according to details reported by news sources.
Under the new valuation tables, residential and commercial superstructures up to five years old will now be valued at PKR 4,000 per square foot, whereas structures older than five years are valued at PKR 3,000 per square foot. Valuations for rural areas remain under the purview of the Islamabad District Collector’s office.
The revised rates have taken immediate effect, making all ongoing and future real estate transactions in Islamabad subject to the updated valuations. Officials said the revisions aim to bring declared property prices closer to actual market values, improve transparency, and support better documentation across the capital’s real estate market. The changes are also expected to affect capital gains and withholding tax calculations for buyers and sellers.
Among the most significant adjustments, Sector E-7 has emerged as the most expensive residential area, with plot values now at PKR 600,000 per square yard. Premium sectors including F-7 and F-6 have been valued at PKR 500,000 per square yard, while F-8 is now listed at PKR 450,000 per square yard. Plot valuations in sectors such as F-10, F-11, and G-6 have increased to PKR 350,000 per square yard.
Farmhouse valuations have also climbed sharply. Rates in areas like Chak Shahzad now stand at PKR 11.2 million per kanal, whereas Gulberg Green has reached PKR 17.55 million per kanal under the revised assessment.
Commercial plots saw some of the steepest increases. Valuations in D-12 and E-11 have risen to PKR 1 million per square yard, while premium commercial spaces in E-7 and F-7 now carry valuations of up to PKR 2.5 million per square yard.
FBR officials stated that the updated property valuations are intended to align official transaction values with prevailing market conditions and support the government’s efforts to strengthen tax compliance within the real estate sector.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
