In this Post
–Property Transfer in Islamabad
–Required Documents
–Property Transfer Officials
–Different Scenarios
–Property Transfer Fee in Islamabad
–CDA Contact Information
–Property Investment in Islamabad
Latest Updates
Update (Dec 13, 2022)
CDA Eases Rules for Family Transfer of Residential Property in Islamabad
The Capital Development Authority (CDA) has reportedly eased the rules for family transfers of residential properties in Islamabad. According to the reports published by leading media outlets, the development authority will no longer require a No Objection Certificate (NOC) from the Building Control Section (BCS) for family property transfers.
In addition to approving the change regarding family transfers in the property manual, the CDA board has increased the validity period of NOCs from three months to one year. However, the next property owner will still be required to apply for a new NOC.
Whether you buy a plot, apartment, under-construction property, or a ready-to-move-in house, to legally own it, you need to get it transferred into your name. Like other major cities and well-planned neighbourhoods in the country, there are certain mandatory steps you need to follow to undertake the property transfer procedure in Islamabad. As per the guidelines of the Capital Development Authority (CDA), this may involve the submission of some important documents, which may be used as proof of your ownership of the property as well as they need to be attested and stamped by certain authorised officials only before getting submitted.
So, if you have recently invested in a property in Islamabad and you want it to be transferred into your name, we have got you covered. In this blog, we’re going to give you a step-by-step process of property transfer in Islamabad.
Here we go!
Property Transfer Procedure in Islamabad Explained Step By Step
Here we have compiled a detailed guide on how to transfer property in Islamabad, which will provide you with all the useful information in this regard. For example, details about the property transfer fee in Islamabad and other documentation and attestations that are required in the process. So, without any further ado, let’s get to the process
Property Transfer Application
The very first step of the property transfer procedure in Islamabad is regarding the “Property Transfer Application”. It is a form of a drafted letter or an application addressing the Director (Land & Estate) and requesting for the transfer of allotment of his/her house/plot/apartment or his/her share and interest in his own name or in the favour of the transferee. It has to be filled by both parties and attested by the first-class government officer or the magistrate.
Documents Required for Property Transfer in Islamabad
The next thing that we are going to discuss in our guide on how to transfer property ownership in Islamabad is regarding the mandatory documentation and their submissions, which have been listed as under:
- Original allotment letter of the transferor.
- Copy of the Computerised National Identity Card (CNIC) / Smart Card of the transferor, transferee, attorney, and the attesting officer.
- At least three specimens of signatures and thumbprints of both transferor and attorney.
- Recent (Passport-Size) photographs of both the parties.
- An indemnity bond with a judicial stamp, which needs to be registered by a notary public and attested or countersigned by the first-class government officer or magistrate. No Objection Certificate (NOC) from the Board of Revenue (BOR) exempting the property rights of owners from all sorts of legal objections.
- Special power of attorney attested by the High commission.
Note: National Identity for Overseas Pakistani (NICOP) can also be considered in replacement to the CNIC
Quick Fact: Investopedia.com defines an indemnity bond as “a contractual agreement between two parties whereby one party agrees to pay for potential losses or damages caused by another party”.
Role of Officials In Transfer of Property Ownership In Islamabad
- The presence of an attorney is mandatory despite the acceptance of the Capital Development Authority (CDA) of the transaction letter and the affidavit ensuring that the transferor is alive and in sound mind. It is also a requisite condition to acquire the attorney’s NOC and approval from the loan giving agencies.
- Representative (consulate) in the case when the transferor is abroad. The submission of the documented proofs that verify the transferor is out of the country is required such as passports, CNICs, and proof of residence.
- Copies of CNICs / Smart Cards will also be required for all the witnesses.
Different Scenarios You Should Know About Property Transfer Procedure In Islamabad
Now that you are figuring out how to transfer property in Islamabad through this post, we must also let you know about different scenarios of the process that every transferor and transferee should be aware of before undertaking it.
- In case of a CNIC duplication, you may need an affidavit by transferor and attorney, there may also be changes in the signature, if that’s so, take a look at the following steps.
- All of the signatures are required to be duly attested and verified by the oath commissioner and notary public and then also should be signed by the Class-I magistrate.
- For instance, if the transferee is a female then she should be accompanied by a male member (preferably a blood relation or spouse) with the documented proof of her identity and the relationship with the male member accompanying her.
- In case of you are working on the process on how to transfer property ownership in Islamabad and you have to transfer plots allotted by CDA into some other person’s name who is not a resident of Islamabad, then this scenario requires an affidavit recognised and prescribed by the CDA, which should also be attested by a notary public, and countersigned by the Class-I magistrate.
- If the transferor is one of the government officers, then he may also require an NOC from his department.
Property Transfer Fee In Islamabad
The rate of the fee for transferring property in Islamabad is calculated per square yard. Further details in this regard have been listed as under:
- Plots/Properties (within the Islamabad Capital Territory): PKR 250 per square yard
- Plots/Properties (Located in the Suburbs): PKR 150 per square yard
Note: The above-mentioned fee for transferring property in Islamabad may also vary for certain properties and societies in particular. To fetch more details in this regard, you can always visit CDA’s official website.
CDA Contact Information
For more information on how to transfer property in Islamabad, you can get in touch with the Capital Development Authority using the following contact details.
Contact Number: (051) 9208301-4, 9203049-51
Address: Capital Development Authority (CDA), Executive Block-V, G7/4, Khayaban-e-Suharwardy, Islamabad
Property Investment in Islamabad
If you are mulling property investment in Islamabad, then some of the top trending neighbourhoods of the capital city include DHA Islamabad, Bahria Town, Gulberg, B-17 and E-11
Note: All the aforementioned societies and neighbourhoods appear as the five most-searched areas in Islamabad as per Zameen Search Trends.
Now that we have given you all the important details and information regarding the process of property transfer in Islamabad, it’s time for us to wrap up this piece. If you have any questions or feedback related to the above-mentioned process, feel free to email us at blog@zameen.com.
Meanwhile, you might also be interested in reading similar property-related pieces every now and then like how to transfer property in Pakistan, property transfer procedure for Bahria Town, Karachi, property transfer process in DHA Karachi, transferring and selling property in Pakistan and different types of property taxes in Pakistan.
For more informative posts regarding the construction and property sector in Pakistan, keep reading Zameen Blogs. The subscription box you see on the top-right corner of your screen is for our e-newsletter. Subscribe to it and get daily email alerts from our blog section. Also, keep following Zameen News and stay informed about the current affairs.
Disclaimer: All the information discussed above in our guide on how to transfer property ownership in Islamabad has been fetched from CDA’s official website. Zameen.com isn’t responsible for any sudden changes in the quoted information in this blog or acceptance issues with the mentioned document. We’ll keep updating this blog with all the new developments. Furthermore, you can also get in touch with CDA officials using the provided contact information for more clarity on the subject.
