Since July 2016, the present government has revised 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.
For Tax Filer Purchaser, 2% of the value as per FBR rates is collected, and for Non-Tax Filer Purchaser, it is 4% 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 50,000 advance tax, and Non-Tax Filer Purchaser will pay 100,000 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.
Please note that seller has to pay tax while selling his property even if his property costs below 40 lacs, however purchaser has to pay tax for a property which costs 40 lacs and above.
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 for all major cities in Pakistan: (click to open & download)