RDA decides to increase property transfer fee

Rawalpindi: The Rawalpindi Development Authority (RDA) has made the decision to increase the fees applicable on property transfers, a news source reported. As per the publication, this decision was taken unanimously in the authority’s 44^th board meeting held last week.

Read: Property transfer fee in Rawalpindi raised by up to 100%

The final approval for increasing the transfer rates will be granted in the RDA’s next board meeting. Reportedly, this decision is a direct result of the financial crunch that the department is currently facing due to the absence of a new bailout package. Initially, the authority had to approve the rise in transfer fee with approval of the Government of Punjab but later decided to follow the pattern established by development authorities based in other cities.

Read: RDA grants commercial status to 16 roads

In addition to the RDA’s decision to increase property transfer fees, the Water and Sanitation Authority has also increased their water bills.

Read: WASA increases water tariff in Rawalpindi

Here are the (proposed) new rates for property transfers:

• 1 to 5 marla = PKR 1,400 per marla
• 5 to 10 marla = PKR 2,800 per marla
• 10 to 19 marla = PKR 3,000 per marla
• 1 to 2 kanal = PKR 4,000 per marla

Fee applicable on changing property status from residential to commercial

• 1 to 10 marla = PKR 8,000 per marla
• 10 marla + = PKR 10,000 per marla
• 1 to 2 kanal = PKR 12,000 per marla
• 2 kanals + = PKR 15,000 per marla