Hi,
I just saw this: FBR upward revises value of immovable properties- Zameen News
And I wondered would this mean an additional increase in plot prices? Already it is hard for genuine buyers to buy and build a plot. Can anyone tell me how much per marla increase in property prices of Islamabad we can be looking at?
In Pakistani, Real Estate, FBR valuations (Sarkari Rate) of land is far below the Market Price. For example, a plot in Market worth 50 Lakh can be 15 - 18 Lakh in FBR valuation.
Rest is usual periodic upade of FBR rates!
Thank you Mr ImitiaX for your kind reply. So I can assume that this revision will not impact property’s market prices but taxes?
Yes,
It doesn’t impact the Market Value (actual price of buy/sell)
It does impact the DC rate (Sarkari Value as a formality of land valuation for tax purposes)
It will impact taxes (CGT, Capital Gain Tax etc.)