Karachi, October 25, 2025 — The Federal Board of Revenue (FBR) has issued a detailed explanation regarding the property valuation table for immovable properties in Karachi, implemented through a statutory regulatory order (SRO) issued in October 2024.
Get full list of property valuation in Karachi issued by the FBR at SRO1724(l)/2024, dated the 29th October 2024
According to the new directive, the FBR has outlined specific guidelines for determining the value of residential, commercial, and industrial properties in Karachi. These valuations are crucial for calculating capital gains tax, withholding tax, and property transaction values across the city.
Key Clarifications in the Property Valuation Table
The FBR notification emphasizes that all property values mentioned are in Pakistani Rupees (PKR) and calculated per square foot of the covered area for both the ground floor and any additional floors. Below are the major highlights from the updated valuation criteria:
1. Amenity plots will be valued at 50% of residential plots in the same area.
2. Commercial properties are valued per square foot of the covered area on the ground floor and upper floors, if applicable.
3. Industrial properties are valued based on the entire plot area, including the built-up portion.
4. Multi-storey residential buildings will have an additional 25% value increase for each storey above the ground floor.
5. If a property does not fit into any listed category, it will be classified under the nearest higher category.
6. For land granted for multiple purposes (residential, commercial, or industrial), the average of all applicable rates will be used.
Valuation Adjustments Based on Building Age
The FBR also introduced age-based depreciation for different types of properties, recognizing that older structures tend to have lower market values:
• Residential Buildings: Up to 10% reduction for structures between 15–25 years old and full depreciation to open-plot value for those older than 25 years.
• Flats and Apartments: Reductions range from 10% for 5–10 years old buildings to 50% for structures older than 30 years.
• Commercial Properties: Reductions range from 5% for 10–15 years old structures to 10% for properties over 25 years old.
Special Adjustments for Location and Structure
Certain property locations and building types are subject to additional adjustments:
• DHA commercial plots facing any Khayaban (main road) will see a 15% value increase.
• The upper floors of commercial buildings (excluding the ground floor) will have a 25% reduction in value.
• Residential plots facing nalas, schools, mosques, graveyards, or rear sides will receive a 20% reduction.
Additional Notes
The notification also clarifies that a flat refers to a separate residential unit with its own property or sub-property number. Moreover, in residential buildings, an additional storey is chargeable if it contains both a bedroom and a bathroom. Basements in commercial buildings will be valued at 20% of the ground floor rate.
The FBR’s explanation of Karachi’s property valuation table aims to bring clarity, consistency, and fairness in determining property values, ensuring compliance and reducing disputes between taxpayers and authorities.
Disclaimer:
This article is for informational and educational purposes only. It summarizes key points from the FBR’s official notification regarding property valuation in Karachi. Readers are advised to refer to the original FBR SRO or consult a certified tax advisor or legal expert for specific guidance on property valuation, taxation, or compliance matters. The publication assumes no responsibility for any financial or legal decisions made based on this information.