FBR cuts Islamabad property valuation rates by up to 35%

The Federal Board of Revenue (FBR) has reduced valuation rates for residential and commercial properties in Islamabad by 30 to 35%, according to updated rates issued on Thursday.

Under the revised structure, valuation for residential and commercial superstructures up to five years old has been lowered to Rs2,500 per square foot from Rs3,000, while rates for buildings older than five years have been reduced to Rs1,200 per square foot from Rs1,500.

The updated valuations show reductions across multiple sectors. In B-17 and C-14, possession-based residential plots have been cut from Rs30,000 to Rs21,000 per square yard, while non-possession plots in B-17 have been reduced from Rs15,000 to Rs10,500. 

In C-15, rates have been lowered to Rs17,500 from Rs25,000, and in C-16 from Rs20,000 to Rs14,000 per square yard.

In D-12, constructed residential flats have been reduced from Rs15,000 to around Rs10,500 per square foot, while commercial constructed properties are set at up to around Rs17,500 per square foot. In D-13, residential plot rates have been revised from Rs16,000 to Rs11,200 per square yard.

In developed sectors, E-7 residential plots are valued at Rs225,000 per square yard, while commercial constructed properties range between Rs10,000 and Rs100,000 per square foot. In E-11, rates range between Rs70,000 and Rs100,000 per square yard, while E-12 is fixed at Rs39,200 per square yard.

In G-series sectors, G-13 has been reduced from Rs100,000 to Rs70,000 per square yard, G-14 ranges between Rs35,000 and Rs63,000, G-15 between Rs7,000 and Rs17,500, G-16 between Rs6,000 and Rs10,500, and G-17 from Rs25,000 to Rs17,500 per square yard.

Other areas have also seen downward revisions, including Margalla Town from Rs55,000 to Rs38,500 per square yard, Chak Shahzad from Rs50,000 to Rs35,000, and Banigala from Rs35,000 to Rs24,500. Park View City has also been reduced to Rs24,500 per square yard.

In commercial zones, Blue Area Jinnah Avenue has fixed rates of Rs100,000 per square foot for constructed flats, while Blue Area Fazl-e-Haq Road ranges between Rs8,000 and Rs50,000 per square foot. In New Blue Area and sectors G-9, F-9, G-8 and F-8, rates between Rs40,000 and Rs150,000 per square foot have been retained.

For rural areas of Islamabad, property valuations will continue to be determined under rates notified by the Additional Deputy Commissioner (Revenue) or District Collector under the July 1, 2025 notification.