And here comes yet another blow to the sentiments of investors! Defence Housing Authority (DHA) Lahore, a locality where property prices have been marching downwards in Q3, 2015, is likely to see further dips in the time to come.
This is because DHA Lahore has rescheduled transfer fees, which means that investors will have to shoulder an additional burden of charges and watch their profit margins shrink. By increasing taxes and imposing the uncalled-for withholding tax on banking transactions, the government already played havoc for the property sector. Now, the increase in transfer fees in DHA Lahore is bound to shake investor trust in the area even more.
The following tables provide the DHA schedule of transfer fees and other charges w.e.f November 2015:
| Transfer Fee for Residential Plots (Phases I to XII) | |
| Category | Transfer fee |
| 5 Marla | PKR 25,000 |
| 7 Marla | PKR 35,000 |
| 10 Marla | PKR 50,000 |
| 1 Kanal | PKR 75,000 |
| 2 Kanal | PKR 150,000 |
| Transfer Fee for Residential Buildings (Phases I to XII) | |
| Category | Transfer fee per marla |
| Residential Buildings | PKR 1,800 |
| Transfer Fee for Commercial Plots (Phases I to XII) | |
| Category | Transfer fee per marla |
| Commercial Plots | PKR 30,000 |
| Transfer Fee for Commercial Buildings (Phases I to XII) | |
| Category | Transfer fee per marla |
| Commercial Buildings | PKR 10,000 |
| Transfer Fee for Construction Plazas (Phases I to XII) | |
| Category | Transfer fee per marla |
| Lower-Ground Shops | PKR 20,000 |
| Ground-Floor Shops | PKR 40,000 |
| Office/Apartment | PKR 20,000 |
| Legal Heirs – Transfer Fee/Registration Fee | |
| Transfer Fee per Plot | PKR 4,000 |
| Registration Fee per Plot | PKR 11,000 |
| Hiba/Gift – Transfer Fee (Phases I to XII) | |
| Category | Transfer fee |
| 5 Marla – Residential Plot | PKR 11,000 |
| 7 Marla – Residential Plot | PKR 11,000 |
| 10 Marla – Residential Plot | PKR 11,000 |
| 1 Kanal – Residential Plot | PKR 16, 000 |
| 2 Kanal – Residential Plot | PKR 23,000 |
| Commercial Plot (per Marla) | PKR 7,000 |
| Registration Charges | |
| Regular | PKR 18,000 |
| Associate | PKR 37,000 |
| Corporate | PKR 165,000 |
| Widows/Next of Kin of DFOs/Shuhadas | PKR 10,000 |
| Non-construction Penalty I | |
| Phases I to VI & XII | Penalty per annum |
| Up to 10 Marla | PKR 44,000 |
| 1 Kanal | PKR 83,000 |
| 2 Kanal | PKR 165,000 |
| Commercial | PKR 30,000 per Marla |
| Shops | PKR 20,000 per Marla |
| Non-construction Penalty II | |
| Phases VII to IX & XI | Penalty per annum |
| Up to 10 Marla | PKR 9,000 |
| 1 Kanal | PKR 19,000 |
| 2 Kanal | PKR 37,000 |
| Commercial | PKR 28,000 per Marla |
| Shops | PKR 8,000 per Marla |
| Miscellaneous Charges | |
| Category | Charges |
| General/Special Power of Attorney | PKR 9,000 |
| Open Plot Security Charges per Month | PKR 7,00 |
| Sale of Maps | PKR 1,000 |
| Legal Fee for Caution Mark on Plots | PKR 10,000 |
| Fee for Issuance of Duplicate Allotment Fee | PKR 16,000 |
| Issuance of NOC for Loan/Mortgage – Residential | PKR 3,000 |
| Issuance of NOC for Loan/Mortgage – Commercial | PKR 3,000 |
| Lien Marking Fee – Residential | PKR 9,000 |
| Lien Marking Fee – Commercial | PKR 9,000 |
| Registration of Property Dealers | PKR 60,000 |
| Renewal of Registration of Property Dealers | PKR 16,000 |
| File Verification Charges | PKR 1,000 |
| Urgent Transfer Fee | PKR 34,000 |
| Late Transfer Fee | PKR 12,000 |
| Urgent Transfer Letter (For All Phases) | PKR 9,000 |
| Urgent Regular Membership Card Fee | PKR 2,000 |
| Duplicate Regular Membership Card Fee | PKR 900 |
| Urgent Allocation Letter | PKR 33,000 |
| Urgent NOC | PKR 8,000 |
| Affidavit Fee | PKR 10,000 |
At this point, all we can do is wait and see how the increase in transfer fees affects activity in DHA Lahore. Don’t forget to share your views on this latest shocking development in the comments section below.
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