ByJhang, Pakistan:The Federal Board of Revenue (FBR) has announced revised fair market values for immovable properties across various regions, effective November 1, 2024. The updated rates, published under notification S.R.O. 1696(I)/2024, replace those previously outlined in S.R.O. 1272(I)/2022, dated August 1, 2022.
These adjustments, enacted under sub-section (4) of section 68 of the Income Tax Ordinance, 2001, aim to bring property assessments in line with current market conditions, enhancing fairness and transparency in real estate transactions. The updated values cover residential, commercial, and other property types across regions of Jhang.
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For specific property rates and additional details, visit the official Property Valuation (Rates) by FBR.
