FBR Issues New Fair Market Values for Properties in Rawalpindi

Rawalpindi, Pakistan:The Federal Board of Revenue (FBR) has released S.R.O. 1728(I)/2024, updating the fair market values for immovable properties in Rawalpindi. This revision, which will be effective from November 1, 2024, has been issued under the authority of sub-section (4) of section 68 of the Income Tax Ordinance, 2001, and replaces the previous Notification No. S.R.O. 1734(I)/2022 dated September 13, 2022.

The revised valuations cover residential, commercial, and agricultural property categories in Rawalpindi, aligning declared values more closely with current market trends. Property owners and stakeholders in the real estate sector are advised to review these updates to ensure compliance with the latest tax standards.

This adjustment underscores the FBR’s commitment to improving revenue collection transparency and aligning property valuations with actual market conditions.

For specific property rates and additional details, visit the official Property Valuation (Rates) by FBR.