FBR Latest Property Valuation Rates 2022
Since July 2016, the government has begun to revise DC rates of properties in all major cities of Pakistan. Whether you are buying a property or selling your property, you have to pay taxes according the value set by FBR.
There have been several revisions of property valuation rates by Federal Board of Revenue (FBR) since 2016. The latest revision has been announced on 2nd of March, 2022.
For Tax Filer Purchaser, 1% of the value as per FBR rates is collected, and for Non-Tax Filer Purchaser, it is 2% of the FBR rates.
For Tax Filer Seller, 1% of the value as per FBR rates is collected, and for Non-Tax Filer Seller, it is 2% of the FBR rates.
For example, you are selling a 10 marla plot in a society wherein FBR value is 2.5 lacs per marla. So FBR rate for that plot will be 25 lacs. Tax Filer Seller will pay 25000 advance tax, and Non-Tax Filer Seller will pay 50,000 advance tax. Similarly, Tax Filer Purchaser will pay 25,000 advance tax, and Non-Tax Filer Purchaser will pay 50,000 advance tax.
It is very important to know your property rates set by FBR, so that you can calculate your selling or purchasing cost. At some places, you may cost low tax amount due to low FBR rates, whereas some areas may cost higher tax amount due to high FBR rates.
FBR has fixed property value for residential and commercial land in all major cities of Pakistan. You will find price per marla or price per square yard in the property valuation tables, so that you can calculate the total FBR value depending on land size.
Find attached the FBR property valuation rates of all major cities in Pakistan below as updated on March 02, 2022: (click to open & download)
