{"id":102714,"date":"2025-07-08T17:02:42","date_gmt":"2025-07-08T12:02:42","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=102714"},"modified":"2025-07-08T17:02:46","modified_gmt":"2025-07-08T12:02:46","slug":"cda-reconsider-increase-in-property-transfer-fee","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-reconsider-increase-in-property-transfer-fee.html","title":{"rendered":"CDA reconsider increase in property transfer fee"},"content":{"rendered":"\n<p>Islamabad: Following widespread concerns from the business and real estate sectors, the Capital Development Authority (CDA) has formed a committee to review its recent decision to triple the property transfer fee within Islamabad\u2019s jurisdiction.<\/p>\n\n\n\n<p>The decision to constitute the committee came on the directives of CDA Chairman, who responded to objections raised by the Islamabad Chamber of Commerce and Industry (ICCI) and other stakeholders. The revised fee \u2014 increased from 1% to 3% of the property value \u2014 had sparked criticism, particularly from real estate professionals who warned it could further strain an already struggling market.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/cda-approval-now-mandatory-for-all-construction.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA approval now mandatory for all construction<\/a><\/p>\n\n\n\n<p>The seven-member committee will be headed by Member Finance CDA, Tahir Naeem Akhtar. Other members include Director General Law Muhammad Naeem Dar, Director General Building Control Faisal Naeem Beg, and ICCI representatives including President Nasir Mansoor Qureshi, Senior Vice President Abdul Rahman Siddiqui, Vice President Nasir Mehmood Chaudhry, and Convener Muhammad Ishaq Sial.<\/p>\n\n\n\n<p>The committee has been tasked with reviewing the newly notified transfer regime, identifying challenges faced by stakeholders, and recommending possible amendments or streamlined mechanisms. It will also explore alternate revenue options for the CDA, including adjustments to property tax rates based on current market valuations and other potential fee revisions.<\/p>\n\n\n\n<p>According to the CDA\u2019s notification, the committee will hold structured discussions with the ICCI and broader business community, and is expected to submit its report to the CDA chairman within five days.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/cda-commercial-plot-auction-july-2025.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA announces 3-day commercial plot auction<\/a><\/p>\n\n\n\n<p>Sources suggest that both sides may agree on a compromise, possibly setting the transfer fee at 2%. The real estate sector has argued that a steep hike in transfer fees could worsen the current market downturn and discourage transactions.<\/p>\n\n\n\n<p>The CDA\u2019s move to initiate dialogue has been welcomed by stakeholders, who see it as a positive step toward resolving policy issues through collaboration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Following widespread concerns from the business and real estate sectors, the Capital Development Authority (CDA) has formed a committee to review its recent decision to triple the property transfer fee within Islamabad\u2019s jurisdiction. The decision to constitute the committee came on the directives of CDA Chairman, who responded to objections raised by the Islamabad Chamber of Commerce and Industry (ICCI) and other stakeholders. The revised fee \u2014 increased from 1% to 3% of the property value \u2014 had sparked criticism, particularly from real estate professionals who warned it could further strain an already struggling market. Read: CDA approval now mandatory for all construction The seven-member committee will be headed by Member Finance CDA, Tahir Naeem Akhtar. Other members include Director General Law Muhammad Naeem Dar, Director General Building Control Faisal Naeem Beg, and ICCI representatives including President Nasir Mansoor Qureshi, Senior Vice President Abdul Rahman Siddiqui, Vice President Nasir Mehmood Chaudhry, and Convener Muhammad Ishaq Sial. The committee has been tasked with reviewing the newly notified transfer regime, identifying challenges faced by stakeholders, and recommending possible amendments or streamlined mechanisms. It will also explore alternate revenue options for the CDA, including adjustments to property tax rates based on current&hellip;<\/p>\n","protected":false},"author":18,"featured_media":98184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[319,20671,65692,65827,6334,61333,2030,808,65829,65828,65697,64739,65826,61344,65825],"persona":[],"class_list":{"0":"post-102714","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-cda","9":"tag-cda-committee","10":"tag-cda-fee-hike","11":"tag-cda-revenue-policy","12":"tag-icci","13":"tag-islamabad-chamber-of-commerce","14":"tag-islamabad-development","15":"tag-islamabad-property-market","16":"tag-property-tax-pakistan","17":"tag-property-transaction-costs","18":"tag-property-transfer-fee","19":"tag-real-estate-islamabad","20":"tag-real-estate-sector-concerns","21":"tag-stakeholder-consultation","22":"tag-transfer-fee-review","23":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CDA reconsider increase in property transfer fee - Zameen News<\/title>\n<meta name=\"description\" content=\"The committee has been tasked with reviewing the newly notified transfer regime, identifying challenges faced by stakeholders....\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cda-reconsider-increase-in-property-transfer-fee.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA reconsider increase in property transfer fee - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The committee has been tasked with reviewing the newly notified transfer regime, identifying challenges faced by stakeholders....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cda-reconsider-increase-in-property-transfer-fee.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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