The Federal Board of Revenue has raised values of immovable properties up to 80 percent of the existing market values in 45 cities of the country.
However, valuations had not been revised in 11 cities. In places where the values have been revised, FBR has specified rates per marla by location. The list also specifies whether properties are residential or commercial.
The FBR had previously revised property valuations four times—in 2018, 2019, 2021, and 2022. After more than two years, the FBR has now released new valuations for immovable properties.
With these notifications, the FBR has significantly raised property values to align them with actual market rates.
The updated property values were issued by the FBR following approval from the Law and Justice Division.
The revisions have taken place in 45 cities including: Abbottabad, Attock, Bahawalnagar, Bannu, Bhakkar, Chakwal, Chiniot, Dera Ismail Khan, DG Khan, Faisalabad, Ghora Gali, Ghotki, Gujranwala, Gujrat, Hafizabad, Haripur, Hyderabad, Jhang, Jhelum, Kasur, Kohat, Khushab, Kotli Sattian, Larkana, Lodhran, Mandi Bahauddin, Mansehra, Mardan, Mianwali, Mirpurkhas, Murree, Nankana, Narowal, Nowshera, Okara, Pakpattan, Peshawar, Sahiwal, Sheikhupura, Sialkot, Sukkur, Talagang, Toba Tek Singh, Vehari and Wazirabad.
