Valuation of Immovable Properties for Karachi

The Federal Board of Revenue has shared the revised rates for valuation of immovable properties for 20 cities, including Karachi.

Although the rates had been set in February 2019, they became effective from 24th July 2019.

The following is the revised rates for Karachi:

Category Residential open plot per square yard Residential built-up property per square yard Commercial open plot per square yard Commercial built-up property per square yard Industrial open plot per square yard Industrial built-up property per square foot Flats/Apartments per square foot
(1) (2) (3) (4) (5) (6) (7) (8)
A-I 65,000 72,000 150,000 90,000 6,500
I 40,000 50,000 110,000 65,000 10,000 2,760 5,500
II 19,000 28,000 95,000 50,000 11,520 2,780 3,000
III 10,000 15,000 40,000 25,600 5,000 2,780 1,900
IV 8,500 10,000 34,000 15,000 1,500
V 3,000 6,000 6,500 8,750 850
VI 1,500 4,500 3,000 5,400 550
VII 32,000 40,000 115,000 55,000 7,000
VIII 9,000 14,000 40,000 41,040 3,000
IX 10,000 12,000 52,000 2,500
X 11,200 13,000 55,000 2,800


International Passengers Must Declare Any Foreign Currency They’re Carrying – FBR

(i) Values in the above Table are in rupees;
(ii)Value is per square yard of the covered area of ground floor plus covered area for the additional floors;
(iii) Commercial property built up value is per square yard of the covered area of the ground floor plus covered area of the additional floors if any;
(iv) Built-up industrial property value is per square yard of the plot area per square foot;
(v) the value in respect of a residential building consisting of more than one story shall be increased by 25% for each additional story i.e. value of each story other than ground floor shall be calculated @ 25% of the value of the ground floor;
(vi) a property which does not appear to fall in any of the categories shown in the Appendix below shall be deemed to fall in the adjacent lowest category of the Appendix;
(vii) whether the land has been granted for more than one purpose, viz residential, commercial and industrial, the valuation in such a case shall be the mean/average prescribed rate;
(viii) a flat means the covered residential tenement having separate property unit number/sub-property, unit number;
(ix) in a residential, multi-story building, the additional story shall be charged if it consists of a bedroom and bathroom;
(x) the rates for basements of built-in commercial property in categories I, 11, III and IV shall be Rs. 13,500 per square yard; and
(xi) area-wise categories are in the following Appendix.

For the appendix, click here.

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