All Charges of Faisal Hills, Faisal Town, Faisal Margalla City, and Faisal Residencia

This article gives you the complete details of the transfer fee, annual advance tax, Gross Sales Tax, and possession charges of Faisal Town, Faisal Hills, Faisal Residencia, and Faisal Margalla City.

Faisal Town, Faisal Hills, Faisal Residencia, and Faisal Margalla City are the projects of Faisal Town Private Ltd and Zedem International. Chaudhry Abdul Majeed is the Chairman of all of these mentioned projects as well as Zedem International. All of these projects performed exceptionally well and rewarded the investors with huge returns on Investments. As the market of these projects is active, therefore sales and purchases are done on regular basis, therefore, you need to have information on the charges implemented on the property.

We have collected the transfer fee, possession charges, G.S.T, and annual fee of these housing societies of Chaudhry Abdul Majeed and displayed them on this page for your convenience.

Faisal Town

Faisal Town is a luxury housing scheme surrounded by a beautiful landscape that offers different residential and commercial plots. Faisal Town is ideally located in Sector F-18 Islamabad and possesses a duly approved NOC from Rawalpindi Development Authority (RDA)

For more information, please visit our Faisal Town project page.

Faisal Hills

Faisal Hills is a famous and developed housing society that is present in the Taxila region of Rawalpindi district that offers luxury and a close-to-nature lifestyle. It is also approved by RDA and comes in the top projects of the Rawalpindi Division.

Kindly visit our Faisal Hills project page for detailed information on this project.

Faisal Margalla City

Faisal Margalla City (FMC) is yet another marvelous living community by Chaudhry Abdul Majeed and Zedem International. It is situated right next to the Block A of MPCHS B-17 Multi Gardens Islamabad. A large portion of FMC is fully developed and different structures also complete in society.

Head over to our Faisal Margalla City page for complete details of this project.

Faisal Residencia

Faisal Residencia is also a noticeable project present in the lap of Margalla Hills by Zedem International. It is a beautiful housing project combining nature, state-of-the-art amenities, and modern infrastructure. Faisal Residencia also offers a variety of residential and commercial plots in installments.

You can check out our detailed Faisal Residencia page for more info.

What is Transfer Fee?

Transfer fee is a fixed amount of charges that are payable at the time of selling your property. A transfer fee is payable by the sellers to transfer the ownership of a property to the buyer/ new owner. Transfer fee is different for different housing projects and districts.

Transfer Fee of Faisal Town, Faisal Hills, Faisal Residencia, and Faisal Margalla City

The transfer fee is PKR 60 per square foot; the following is the total transfer fee of the mentioned housing societies:

5 Marla (25*50) transfer fee: PKR 8,340
7 Marla (30*60) transfer fee: PKR 12,000
10 Marla (35*70) transfer fee: PKR 16,320
1 Kanal (40*80) transfer fee: PKR 21,300
2 Kanal (50*90) transfer fee: PKR 30,000
2 Kanal (75*120) transfer fee: PKR 60,000

What is Annual Advance Tax?

Advance tax is implemented by the government on the income generated by an asset, in real estate, it is implemented on the total value of the plot or house and the total income it generates annually, FBR has introduced quarterly installments for the facilitation of the general public.

Advance Tax of Faisal Town, Faisal Hills, Faisal Residencia, and Faisal Margalla City

Following is the advance tax for the seller and purchaser for the mentioned housing projects:

Advance Tax on Seller

Filer: 2% advance tax for property

Non-Filer: 7% advance tax for property

Advance Tax on Purchaser

Filer: 2% advance tax for property

Non-Filer: 4% advance tax for property

What is Gross Sales Tax (GST)?

Gross Sales Tax is an amount that is payable on the sale of a plot or house. It is usually calculated by the total market value of a property.

G.S.T of Faisal Town, Faisal Hills, Faisal Residencia, and Faisal Margalla City

Generally, the amount of G.S.T is PKR 100 per square foot, given below is the total payable G.S.T on the sale of plots/property in these housing societies:

5 Marla (25*50) transfer fee: PKR 13,900
7 Marla (30*60) transfer fee: PKR 20,000
10 Marla (35*70) transfer fee: PKR 27,200
1 Kanal (40*80) transfer fee: PKR 35,500
2 Kanal (50*90) transfer fee: PKR 50,000
2 Kanal (75*120) transfer fee: PKR 100,000

What are Possession Charges?

Possession charges are the amount that is paid to society to get possession of the property by the rightful owners. It is payable when the housing society starts granting possessions and asks for possession charges.

Possession Charges of Faisal Town, Faisal Hills, Faisal Residencia, and Faisal Margalla City

Possession charges are PKR 80 per square foot, below is the total amount of possession charges due against different plot sizes:

5 Marla (25*50) transfer fee: PKR 11,120
7 Marla (30*60) transfer fee: PKR 16,000
10 Marla (35*70) transfer fee: PKR 21,760
1 Kanal (40*80) transfer fee: PKR 28,400
2 Kanal (50*90) transfer fee: PKR 40,000
2 Kanal (75*120) transfer fee: PKR 80,000

Conclusion

These were the transfer fee, G.S.T, possession charges, and annual fee of different housing societies of Faisal Town Private Ltd including Faisal Hills Taxila, Faisal Residencia, Faisal Margalla City (FMC), and Faisal Town Islamabad. You can bookmark this page and get the latest prices of charges whenever you need them.

We also deal in all projects of Chaudhry Abdul Majeed including Faisal Town Islamabad, Faisal Town Phase 2, Faisal Hills Taxila, Faisal Margalla City, and Faisal Residencia. Should you have any queries, or you want to book plots in any of the mentioned housing projects, feel free to contact Manahil Estate!