Karachi: The Federal Board of Revenue (FBR) has revised the valuation table of immovable properties in Karachi – after a gap of two and a half years, according to news sources.
Reportedly, the per square yard price of the A-1 category residential plot has been increased by PKR 31,000. The valuation rates for properties with two or more storeys has been increased by 25%. The per square yard rates of built-up residential properties have been increased by PKR 43,000. In a like manner, the rates have been upward revised for apartments, commercial built-up properties ad commercial open plots. Other details are as per the table below:
Category
Residential open plot per sq yd
Residential built up property per sq yd
Commerical open plot per sq yd
Commercial Built up property per sq yd
Industrial open plot per sq yds
Industrial Built up property sq ft
Flats/apartments per sq ft
Amenity plot per sq yd
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
A-1
73,125
81,000
180,000
101,250
–
–
7,313
37,375
I
45,000
56,250
123,750
73,125
12,124
3,105
6,188
23,000
II
22,800
30,800
106,875
56,250
13,824
3,336
3,375
10,925
III
12,000
16,875
28,600
28,800
6,000
3,336
2,138
5,750
IV
9,563
11,250
38,250
16,875
–
–
1,688
4,888
V
6,000
7,800
10,140
11,375
–
–
944
1,680
VI
1,665
4,995
3,600
5,994
–
–
605
840
VII
35,520
44,400
127,650
61,050
–
–
7,770
17,920
VIII
9,990
15,540
48,000
49,248
–
–
3,330
5,040
IX
11,000
13,200
–
–
–
–
2,750
–
X
12,320
14,300
–
–
–
–
3,220
–
Notes (mentioned as copied):
(i) The values mentioned in the table above are in rupees;
(ii) The value is per square yard of the covered area of ground floor plus covered area for additional floors;
(iii) Commercial property built up value is per square yard of the covered area of the ground floor plus covered area of the additional floors, if any;
(iv) built up industrial property value is per square yard of the plot area per square foot;
(v) the value in respect of a residential building consisting of more than one storey shall be increased by 25% for each additional story i.e. value of each storey other than ground floor shall be calculated @25% of the value of the ground floor;
(vi) a property which does not appear to fall in any of the categories shown in the Appendix below shall be deemed to fall I the adjacent lowest category of the Appendix;
(vii) whether the land has been granted for more than one purpose. viz residential, commercial and industrial, the valuation in such a case shall be the mean/average prescribed rate
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
