Reduction in Property Valuation Rates of Immovable Properties: You must have heard the term ‘Immovable property.’ If the property is immovable, it is firmly fixed to the ground. A residential house, a warehouse, a manufacturing unit, or a factory are examples of immovable property. 

Immovable Property Valuation is the process of estimating the market value or price of movable property. The valuation is based on the market and the property’s qualities. Forty cities see a decrease in the immovable property valuation rate thanks to the Federal Board of Revenue (FBR).

FBR has revised the valuation rates for the immovable properties of 40 cities

The FBR formerly set fixed rates for immovable property in 20 cities. Still, significant cities have since expanded to 40, and areas have also increased. As a result, the board will collect additional property taxes due to this modification. FBR has revised the valuation rates for the immovable properties in 40 cities, including residential, commercial, flats, and apartments.

List of Cities and Valuation rates

The FBR website has a list of countries and valuation rates of immovable properties. Valuation of Immovable Properties – Federal Board of Revenue Government of Pakistan (fbr.gov.pk)

You can extract data from this link to learn about the valuation rates of different areas in Islamabad or other cities. SROs – Federal Board Of Revenue Government Of Pakistan (fbr.gov.pk). The following are the valuation rates for some areas in Islamabad:

Golden Chance:

Islamabad is believed to be one of the most beautiful places in the world. Due to its stunning scenery and serene atmosphere, it has become a popular tourist and investment destination. An increase in both population and businesses has taken place recently. 

Jade Heights in Faisal Town, a residential development, offers luxury apartments with 1, 2, and 3 bedrooms built to international standards. Jade Heights is close to major highways and has spacious and modern rooms in design. It has grown in popularity as a safe and secure choice for people in Pakistan. 

It offers a rare chance for investors, as valuation rates for immovable properties have been reduced, making this a must-have opportunity. If you have any questions about this, please do not hesitate to contact us or visit our website for additional information. Home – 8k Marketing