{"id":75710,"date":"2021-04-22T15:43:08","date_gmt":"2021-04-22T10:43:08","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=75710"},"modified":"2021-04-22T15:43:14","modified_gmt":"2021-04-22T10:43:14","slug":"punjab-revise-property-valuation-tables-in-budget-2021-22","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/punjab-revise-property-valuation-tables-in-budget-2021-22.html","title":{"rendered":"Punjab govt to revise property valuation tables in budget 2021-22"},"content":{"rendered":"\n<p>Islamabad: The Punjab government has announced to upwardly revision in its valuation table rates of properties in the upcoming budget for the fiscal year (FY 2021-22), according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/valuation-table-data-computerised-ascertain-punjab-property-tax-dues.html\" target=\"_blank\" rel=\"noreferrer noopener\">Valuation table data computerised to ascertain Punjab property tax dues<\/a><\/p>\n\n\n\n<p>Reportedly, this revision in valuation table rates of properties has been planned in consultation with the stakeholders for their respective jurisdictions. At present, there are three different valuation rates for properties; one notified by the Federal Board of Revenue (<a href=\"https:\/\/www.zameen.com\/news\/re-evaluation-of-fbr-rates-immovable-properties-budget-2020-21-inclusion.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR<\/a>), second by deputy commissioner (DC) in respective jurisdictions and third actual valuation rates for the property determined on basis of the actual market value of property in each city or town.<\/p>\n\n\n\n<p>As per the official communication sent out by the Punjab Board of Revenue (BoR) to all deputy commissioners\/district collectors, it was notified that the district collectors are empowered to notify the rates of immovable properties in their areas \u2018under Section 27-A (1) of the Stamp Act, 1899 read with Punjab Stamp (Valuation Table in respect of Immoveable Property) Rules 1999\u2019.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/punjab-postpones-implementation-of-valuable-tables.html\" target=\"_blank\" rel=\"noreferrer noopener\">Budget 2020-21: Punjab postpones application of immovable properties\u2019 valuation tables<\/a><\/p>\n\n\n\n<p>The valuation tables are required to be notified for the forthcoming financial year before or on June 30 each year. According to the guidelines provides in the regulations, the collector is to notify the valuation tables based on value (which in his opinion) is the average of highest and lowest rates of immovable property in a zone. The collectors are empowered to consult other officers\/stakeholders for the finalization of the valuation tables after eliminating all anomalies.<\/p>\n\n\n\n<p>According to the convener of the Federation of Pakistan Chambers of Commerce and Industries (FPCCI) for the Real Estate sector Ehsan Malik, the revision of valuation tables in Punjab will commence between April and May 2021 \u2013 so real estate associations should establish contacts with deputy commissioners\/collectors. For rural areas, the <em>nambardars<\/em> can reach out to the DC for feedback on valuation tables.<br><br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Punjab government has announced to upwardly revision in its valuation table rates of properties in the upcoming budget for the fiscal year (FY 2021-22), according to news sources. Read: Valuation table data computerised to ascertain Punjab property tax dues Reportedly, this revision in valuation table rates of properties has been planned in consultation with the stakeholders for their respective jurisdictions. At present, there are three different valuation rates for properties; one notified by the Federal Board of Revenue (FBR), second by deputy commissioner (DC) in respective jurisdictions and third actual valuation rates for the property determined on basis of the actual market value of property in each city or town. As per the official communication sent out by the Punjab Board of Revenue (BoR) to all deputy commissioners\/district collectors, it was notified that the district collectors are empowered to notify the rates of immovable properties in their areas \u2018under Section 27-A (1) of the Stamp Act, 1899 read with Punjab Stamp (Valuation Table in respect of Immoveable Property) Rules 1999\u2019. Read: Budget 2020-21: Punjab postpones application of immovable properties\u2019 valuation tables The valuation tables are required to be notified for the forthcoming financial year before or on June&hellip;<\/p>\n","protected":false},"author":75,"featured_media":75712,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15017],"tags":[38499,45774],"persona":[],"class_list":{"0":"post-75710","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-notices-announcements","9":"tag-board-of-revenue-bor","10":"tag-punjab-govt-to-revise-property-valuation-tables-in-budget-2021-22","11":"cat-15016-id","12":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Punjab to revise property valuation tables in FY 2021-22- Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Punjab government has announced to upwardly revision in its valuation table rates of properties in the upcoming budget for the fiscal year\" \/>\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\/punjab-revise-property-valuation-tables-in-budget-2021-22.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Punjab to revise property valuation tables in FY 2021-22- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Punjab government has announced to upwardly revision in its valuation table rates of properties in the upcoming budget for the fiscal year\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/punjab-revise-property-valuation-tables-in-budget-2021-22.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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