FBR amends fresh property valuations for Islamabad

FBR amends fresh property valuations for Islamabad

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday made changes to property valuation tables for the capital city.

The FBR issued SRO 428(I)/2022 dated March 15, 2022 to a make amendment in the SRO 342(I)/2022 dated March 02, 2022.

Through the latest SRO the FBR withdrew the property valuation tables for DHA Phase 1 – 5 and DHA Valley for both residential and commercial plots.

READ MORE: FBR re-notifies valuation of immovable properties

The following entries in the valuation tables have been deleted for residential immovable properties:

62DHA Phase 1Any size30,000
63DHA Phase 2Any size35,000
64DHA Phase 2 ExtnAny size8,264
65DHA Phase 3Any size16,529
66DHA Phase 4Any size9,917
67DHA Phase 5Any size19,835
68DHA ValleyAny size8,264

Similarly, following entries in the valuation tables have been deleted for commercial immovable properties:

171DHA Phase 1Commercial plot23,900
172DHA Phase 2Commercial plot22,200
173DHA Phase 2 ExtnCommercial plot9,183
174DHA Phase 3Commercial plot9,183
175DHA Phase 4Commercial plot9,183
176DHA Phase 5Commercial plot18,365
177DHA ValleyCommercial plot2,755

The FBR on December 01, 2021 issued fresh and updated valuation tables for around 40 major cities of the country. However, the FBR deferred the implementation of the new valuations of immovable properties till January 15, 2022 and further deferred till January 31, 2022. The FBR once again deferred the implementation on the valuation table till February 28, 2022.

The revised tables of valuation of immovable properties have been issued and implemented on March 02, 2022.

READ MORE: FBR allows 20-year old house value to open plot

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