The Federal Board of Revenue (FBR) has issued S.R.O. 644(I)/2026, introducing a revised valuation structure for immovable properties in Islamabad. The updated notification adjusts fair market values for residential and commercial plots as well as constructed properties across multiple sectors of the federal capital.
Sector-Wise Adjustment in Property Values
Under the new valuation framework, several housing sectors have witnessed significant revisions. In areas such as B-17, C-14, C-15, and C-16, property rates have been reduced compared to previous assessments. For instance, possession-based residential plots in B-17 and C-14 have been revised downward, reflecting updated market evaluations.
Revised Rates for Constructed Properties
The notification also brings changes to building and superstructure valuations. Residential and commercial structures up to five years old are now assessed at Rs. 2,500 per square foot instead of Rs. 3,000. Similarly, older constructions (above five years) have seen a reduction from Rs. 1,500 to Rs. 1,200 per square foot, aligning with revised market benchmarks.
Clarification on Rural Area Valuation
For rural regions of the Islamabad Capital Territory, the FBR has clarified that existing valuation rates issued by the District Collector under the July 2025 notification will remain applicable. In case of any inconsistency between different notified rates, the higher value will be considered for taxation purposes.
Updates in Key Residential and Commercial Sectors
The revised tables also highlight notable adjustments in major sectors. In D-12 and D-13, both residential flats and plots have been reassessed at lower values. Similarly, premium sectors such as E-7, E-11, and E-12 continue to reflect higher valuation ranges, though adjustments have been made to better align with current market conditions.
Overall Impact of the Revision
This revision is aimed at bringing property valuations closer to prevailing market realities and improving tax assessment accuracy. The changes are expected to influence real estate transactions, taxation calculations, and overall market activity in Islamabad, while creating a more structured and updated valuation system.