The government has started to update the DC rates for properties in all of Pakistan’s main cities as of July 2016. You must pay taxes based on the valuation determined by FBR whether you are purchasing a property since 2016, the Federal Board of Revenue (FBR) has altered the property valuation rates numerous times. The most recent revision was announced on March 2, 2022.
DC Valuation Rate
The property is registered with the agencies in charge of property regulation at the DC rate.
Tax Filer Purchasers must pay 1% of the value at FBR rates, and Non-Tax Filer Purchasers must pay 2% of FBR rates.
Tax Filer Sellers must pay 1% of the value according to FBR rates, whereas Non-Tax Filer Sellers must pay 2% of FBR rates purchase or selling one you already own.
You might be selling a 10 marla plot in a community where the FBR value is 2.5 lacs per marla, for instance. FBR rate will therefore be 25 lacs for that land. The advance tax payments for tax filers and non-filers are $25,000 and $50,000, respectively. The advance tax payments for Tax Filer Purchaser and Non-Tax Filer Purchaser are the same at $25,000 and $50,000, respectively.
it is very important to know your property rates set by FBR, so that you can calculate your selling or purchasing cost. At some places, you may cost low tax amount due to low FBR rates, whereas some areas may cost higher tax amount due to high FBR rates.
FBR has fixed property value for residential and commercial land in all major cities of Pakistan. You will find price per marla or price per square yard in the property valuation tables, so that you can calculate the total FBR value depending on land size.
Find attached the FBR property valuation rates of all major cities in Pakistan below as updated on ISLAMABAD-Property-Valuation-by-FBR. and you as well as RAWALPINDI-Property-Valuation-by-FBR