FBR Updates Fair Market Value of Immovable Properties in Hyderabad

Hyderabad, Pakistan:The Federal Board of Revenue (FBR) has released a new notification (S.R.O. 1717(I)/2024) establishing updated fair market values for immovable properties in Hyderabad District. Effective November 1, 2024, this notification replaces the previously issued S.R.O. 1547(I)/2021 from December 1, 2021, and introduces revised property valuations for various areas and property categories within Hyderabad.

This adjustment is made under the authority of sub-section (4) of section 68 of the Income Tax Ordinance, 2001, and aims to better reflect current market conditions, fostering transparency in property transactions across the district.

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