{"id":84312,"date":"2022-03-04T12:57:12","date_gmt":"2022-03-04T07:57:12","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=84312"},"modified":"2022-03-07T10:03:11","modified_gmt":"2022-03-07T05:03:11","slug":"fbr-downward-revision-valuation-rates","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-downward-revision-valuation-rates.html","title":{"rendered":"FBR revises down valuation rates of immovable property"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue on Thursday (March 3) revised the valuation rates for immovable properties downwards in 40 major cities against the rates notified in December last year, according to media reports.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/immovable-properties-valuation-rates.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR revises up immovable properties\u2019 valuation rates in 40 cities<\/a><\/p>\n\n\n\n<p>As per the details, in Islamabad, the new valuation rates are as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Area<\/td><td class=\"has-text-align-center\" data-align=\"center\">Valuation Rate per square yard (PKR)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">E-7<\/td><td class=\"has-text-align-center\" data-align=\"center\">150,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">F-6<\/td><td class=\"has-text-align-center\" data-align=\"center\">140,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">F-7<\/td><td class=\"has-text-align-center\" data-align=\"center\">140,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">E-11\/3-4<\/td><td class=\"has-text-align-center\" data-align=\"center\">70,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">B-17 (without possession)<\/td><td class=\"has-text-align-center\" data-align=\"center\">12,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">D-12<\/td><td class=\"has-text-align-center\" data-align=\"center\">100,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">F-8<\/td><td class=\"has-text-align-center\" data-align=\"center\">130,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Bani Gala<\/td><td class=\"has-text-align-center\" data-align=\"center\">28,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">F-10<\/td><td class=\"has-text-align-center\" data-align=\"center\">115,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">F-11<\/td><td class=\"has-text-align-center\" data-align=\"center\">110,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">F-15 (in case of possession)<\/td><td class=\"has-text-align-center\" data-align=\"center\">18,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Faisal Town<\/td><td class=\"has-text-align-center\" data-align=\"center\">15,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">G-17 Supreme Court Housing Society<\/td><td class=\"has-text-align-center\" data-align=\"center\">20,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Bahria Town (Phase 1 to 6)<\/td><td class=\"has-text-align-center\" data-align=\"center\">34,000<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Pakistan Town<\/td><td class=\"has-text-align-center\" data-align=\"center\">18,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Moreover, the value of residential and commercial superstructure will be:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>PKR 2,000 per sq. ft in case the superstructure is up to 5 years old or<\/li><li>PKR 1,000 per sq. ft if the superstructure is more than 5 years old<\/li><\/ul>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-revises-valuations-rates-for-immovable-property-in-khi.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR revises valuations rates for immovable property in Karachi<\/a><\/p>\n\n\n\n<p>As far as rates Islamabad\u2019s commercial areas are concerned, for shops in Blue Area on Jinnah Avenue had the rate fixed at PKR 48,611 per sq. yd while for the shops on Fazl-e-Haq Road, the rate was set at PKR 45,139 per sq. yd. For shops in Aabpara Market, the rate was PKR 30,556 per sq. yd and for shops on the ground floor in Melody Market, the rate was fixed at PKR 30,556 per sq. yd.<\/p>\n\n\n\n<p>The following are the valuation rates for Rawalpindi:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Area<\/td><td class=\"has-text-align-center\" data-align=\"center\">Valuation Rate (PKR)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Satellite Town (Residential)<\/td><td class=\"has-text-align-center\" data-align=\"center\">2.4 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Satellite Town (Commercial)<\/td><td class=\"has-text-align-center\" data-align=\"center\">5 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">DHA-1 (Residential)<\/td><td class=\"has-text-align-center\" data-align=\"center\">740,000 (per marla)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">DHA-1 (Commercial)<\/td><td class=\"has-text-align-center\" data-align=\"center\">4.4 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">DHA Valley (Residential)<\/td><td class=\"has-text-align-center\" data-align=\"center\">125,00 (per marla)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">DHA Valley (Commercial)<\/td><td class=\"has-text-align-center\" data-align=\"center\">575,000 (per marla)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Bank Road, Murree (Residential)<\/td><td class=\"has-text-align-center\" data-align=\"center\">2.9 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Bank Road, Murree (Commercial)<\/td><td class=\"has-text-align-center\" data-align=\"center\">5 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Lalazar wah (Residential)<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.3 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Lalazar Wah (Commercial)<\/td><td class=\"has-text-align-center\" data-align=\"center\">2.1 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Aslam Market, Wah (Residential)<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.6 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Aslam Market, Wah (Commercial)<\/td><td class=\"has-text-align-center\" data-align=\"center\">2.3 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Mumtaz City (Residential)<\/td><td class=\"has-text-align-center\" data-align=\"center\">849,600 (per marla)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Mumtaz City (Commercial)<\/td><td class=\"has-text-align-center\" data-align=\"center\">7.9 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The valuation rates for Gwadar are as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">Area<\/td><td class=\"has-text-align-center\" data-align=\"center\">Valuation Rate per acre &nbsp;(PKR)<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Airport Road land<\/td><td class=\"has-text-align-center\" data-align=\"center\">17.7 million&nbsp;<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">Coastal Highway Washendor<\/td><td class=\"has-text-align-center\" data-align=\"center\">4.9 million<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">SHS Commercial<\/td><td class=\"has-text-align-center\" data-align=\"center\">16.318 million<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbrvaluation-rates-immovable-properties-lhr.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR hikes up valuation rates of immovable properties in Lahore<\/a><\/p>\n\n\n\n<p>It is pertinent to note that in February the board decided to <a href=\"https:\/\/www.zameen.com\/news\/fbr-again-extends-deadline-to-implement-property-valuation-rates.html\" target=\"_blank\" rel=\"noreferrer noopener\">extend the deadline<\/a> till March 1 to implement the valuation rates of commercial and residential immovable properties in 40 cities in a bid to fix fair market valuation of properties. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue on Thursday (March 3) revised the valuation rates for immovable properties downwards in 40 major cities against the rates notified in December last year, according to media reports. Read: FBR revises up immovable properties\u2019 valuation rates in 40 cities As per the details, in Islamabad, the new valuation rates are as follows: Area Valuation Rate per square yard (PKR) E-7 150,000 F-6 140,000 F-7 140,000 E-11\/3-4 70,000 B-17 (without possession) 12,000 D-12 100,000 F-8 130,000 Bani Gala 28,000 F-10 115,000 F-11 110,000 F-15 (in case of possession) 18,000 Faisal Town 15,000 G-17 Supreme Court Housing Society 20,000 Bahria Town (Phase 1 to 6) 34,000 Pakistan Town 18,000 Moreover, the value of residential and commercial superstructure will be: PKR 2,000 per sq. ft in case the superstructure is up to 5 years old or PKR 1,000 per sq. ft if the superstructure is more than 5 years old Read: FBR revises valuations rates for immovable property in Karachi As far as rates Islamabad\u2019s commercial areas are concerned, for shops in Blue Area on Jinnah Avenue had the rate fixed at PKR 48,611 per sq. yd while for the shops on Fazl-e-Haq Road, the rate was&hellip;<\/p>\n","protected":false},"author":83,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[51404,19230,51405,15023],"persona":[],"class_list":{"0":"post-84312","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr-revises-valuation-rates-downwards-for-immovable-properties","9":"tag-federal-board-of-revenue-fbr","10":"tag-revision-of-valuation-of-rates","11":"tag-slider","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>FBR revises valuation rates for immovable properties- Zameen News<\/title>\n<meta name=\"description\" content=\"The Federal Board of Revenue on Thursday (March 3) revised the valuation rates for immovable properties downwards in 40 major cities against the rates....\" \/>\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\/fbr-downward-revision-valuation-rates.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR revises valuation rates for immovable properties- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Federal Board of Revenue on Thursday (March 3) revised the valuation rates for immovable properties downwards in 40 major cities against the rates....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-downward-revision-valuation-rates.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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