{"id":95314,"date":"2023-10-27T17:10:43","date_gmt":"2023-10-27T12:10:43","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=95314"},"modified":"2023-10-27T17:11:40","modified_gmt":"2023-10-27T12:11:40","slug":"rawalpindi-property-valuation-shows-discrepancies","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/rawalpindi-property-valuation-shows-discrepancies.html","title":{"rendered":"Rawalpindi property valuation reveals glaring discrepancies: FTO"},"content":{"rendered":"\n<p>Rawalpindi: The Federal Tax Ombudsman (FTO) has unveiled startling discrepancies in property valuation tables in Rawalpindi, raising concerns about the accuracy of property assessments in the city, according to news sources on October 25.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pide-auction-based-property-valuation.html\" target=\"_blank\" rel=\"noreferrer noopener\">PIDE proposes auction-based property valuation to end discrepancies<\/a><br>An independent investigation by the FTO highlighted issues with valuation rates and the omission of key areas, jeopardizing the fairness and transparency of property transactions.<br>In a recent revelation, the Federal Tax Ombudsman (FTO) conducted a comprehensive review of property valuation in Rawalpindi and discovered glaring discrepancies in valuation rates. The FTO&#8217;s investigation focused on the valuation tables and market analysis conducted by the FBR. In particular, the FTO found that the property valuations in Rawalpindi, as outlined in Statutory Regulatory Order (SRO) 1734(1) dated September 13, 2022, raised concerns.<br>The investigation revealed that several important areas in Rawalpindi were not included in the valuation tables. Notably, areas such as the heart of Rawalpindi city, including Raja Bazaar, Asghar Mall, Sadiqabad, Pirwadhai, and residential and commercial regions, were excluded from the valuation process. Omissions also extended to agricultural lands, rural areas, and several tehsils in the district.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-property-valuation-needs-revision-says-fto.html\" target=\"_blank\" rel=\"noreferrer noopener\">FTO urges systematic reforms in FBR\u2019s property valuation nationwide<\/a><br>Furthermore, discrepancies were found in the valuation of different property types, including shops and plots. The FBR failed to account for the unique characteristics of specific areas, such as Askari housing societies, which predominantly consist of apartments.<br>This revelation has raised questions about the FBR&#8217;s attention to publicly available market rates and the absence of a uniform valuation method. The FTO has emphasized the need for corrective measures to address these discrepancies and ensure a fair and transparent property valuation system in Rawalpindi.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rawalpindi: The Federal Tax Ombudsman (FTO) has unveiled startling discrepancies in property valuation tables in Rawalpindi, raising concerns about the accuracy of property assessments in the city, according to news sources on October 25. Read: PIDE proposes auction-based property valuation to end discrepanciesAn independent investigation by the FTO highlighted issues with valuation rates and the omission of key areas, jeopardizing the fairness and transparency of property transactions.In a recent revelation, the Federal Tax Ombudsman (FTO) conducted a comprehensive review of property valuation in Rawalpindi and discovered glaring discrepancies in valuation rates. The FTO&#8217;s investigation focused on the valuation tables and market analysis conducted by the FBR. In particular, the FTO found that the property valuations in Rawalpindi, as outlined in Statutory Regulatory Order (SRO) 1734(1) dated September 13, 2022, raised concerns.The investigation revealed that several important areas in Rawalpindi were not included in the valuation tables. Notably, areas such as the heart of Rawalpindi city, including Raja Bazaar, Asghar Mall, Sadiqabad, Pirwadhai, and residential and commercial regions, were excluded from the valuation process. Omissions also extended to agricultural lands, rural areas, and several tehsils in the district. Read: FTO urges systematic reforms in FBR\u2019s property valuation nationwideFurthermore, discrepancies were found&hellip;<\/p>\n","protected":false},"author":75,"featured_media":95317,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15017],"tags":[57561],"persona":[],"class_list":{"0":"post-95314","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-notices-announcements","9":"tag-rawalpindi-property-valuation-reveals-glaring-discrepancies-fto","10":"cat-15015-id","11":"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>Rawalpindi property valuation shows discrepancies- Zameen News<\/title>\n<meta name=\"description\" content=\"FTO has unveiled startling discrepancies in property valuation in Rawalpindi, raising concerns about the accuracy of property assessments\" \/>\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\/rawalpindi-property-valuation-shows-discrepancies.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rawalpindi property valuation shows discrepancies- Zameen News\" \/>\n<meta property=\"og:description\" content=\"FTO has unveiled startling discrepancies in property valuation in Rawalpindi, raising concerns about the accuracy of property assessments\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/rawalpindi-property-valuation-shows-discrepancies.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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