The Federal Board of Revenue (FBR) has finally released property valuation tables for all the major cities of Pakistan.
The property rates for the purpose of tax calculation were determined by FBR and real estate stakeholders after several meetings. You can view the valuation tables below:
Now that the property valuation rates have been decided, no ambiguity should remain among investors and even genuine buyers. The real estate market, which has been on the rocks for the past one month, will now get back on track sooner rather than later.
These valuation tables will also add transparency to real estate transactions. Furthermore, amendments in property taxes and property valuations will curb market speculation.
Though property rates for the purpose of tax calculation as determined by FBR are greater than the Deputy Commissioner (DC) Rates, the difference is still far less than the initial changes that came with the budget last month.