The area-wise categorisation for valuations of Karachi revealed that the city has been divided into 193 major areas/localities for valuations of immovable properties. Arif Yousuf Jeewa, former Chairman Association of Builders and Developers of Pakistan (ABAD) told Business Recorder that the FBR has upward revised properties in Karachi. Over 100 percent values of immovable properties have been revised upward in some sectors of DHA Karachi. In remaining areas of Karachi, the FBR has upward revised values of immovable properties by 15-20 percent, he added.
Under the revised values of immovable properties in Jhang, the values have been revised in 623 different areas. Under SRO 120(I)/2019, the FBR has notified value of immoveable properties in respect of 196 categories of areas of Karachi. As per SRO 118(I)/2019, the FBR has notified values of immoveable properties in respect of areas/categories of Jhang. The FBR has also revised values of immovable properties of 538 areas of Gujrat.
Under SRO 130(I)/2019, the FBR has revised values of immovable properties in Sukkur. In case of Sukkur, the value is per square yard of the covered area of ground floor plus covered area for the additional floor; (ii) commercial property built up value is per square yard of the covered area of the ground floor plus covered area of the additional floor, if any; (iii) built up industrial property value is per square yard of the plot area per square foot; (iv) the value in respect of a residential building consisting of more than one storey shall be increased by 25% for each additional storey i.e. value of each storey other than ground floor shall be calculated @ 25% of the value of the ground floor; (v) a property which does not appear to fall in any of the categories shown in the below Appendix shall be deemed to fall in the adjacent lowest category of the Appendices; (vi) 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; (vii) a flat means the covered residential tenement having separate property unit number/sub-property unit number; (viii) in residential, multi
storey building, additional storey shall be charged if it consists of bed room and bath room; and (ix) area-wise categories are in the following Appendix-I and Appendix-II.
In 701 areas of Sialkot, the FBR has revised values of immovable properties. The FBR has revised values of immovable properties of 31 area of Sargodha under SRO 128(I)/2019. In 338 areas of Sahiwal, the FBR has revised values of immovable properties.
Under SRO 126(I)/2019, the FBR has notified the value of immoveable properties in respect of 28 areas/categories of Rawalpindi.
The FBR has notified values of immoveable properties in respect of 426 areas of Quetta.
The FBR has revised values of immovable properties of 339 area of Peshawar under SRO 124(I)/2019. Under SRO 123(I)/2019, the FBR has notified value of immoveable properties in respect of 593 areas of Multan. The FBR has also revised values of immovable properties in 17 areas of Mardan. Under SRO 121(I)/2019, the FBR has notified value of immoveable properties in respect of 1234 areas/categories of Lahore. The FBR has also revised values of immovable properties in 892 areas of Jhelum. Under SRO 117(I)/2019, the FBR has revised values of immovable properties in 90 areas of Islamabad.
In case of 26 areas of Hyderabad, the FBR has notified value of immoveable properties in respect of areas/categories of Hyderabad.
Under SRO 116(I)/2019 dealing with Hyderabad, the value is per square yard of the covered area of ground floor plus covered area for the additional floor; (ii) commercial property built up value is per square yard of the covered area of the ground floor plus covered area of the additional floor, if any; (iii) built up industrial property value is per square yard of the plot area per square foot; (iv) the value in respect of a residential building consisting of more than one storey shall be increased by 25% for each additional storey i.e. value of each storey other than ground floor shall be calculated @ 25% of the value of the ground floor; (v) a property which does not appear to fall in any of the categories shown in the below Appendix shall be deemed to fall in the adjacent lowest category of the Appendix; (vi) 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; (vii) a flat means the covered residential tenement having separate property unit number/sub-property unit number; (viii) in residential, multi
storey building, additional storey shall be charged if it consists of bed room and bath room. The FBR has notified the value of immoveable properties in respect of 186 areas of Gujranwala. In case of Faisalabad, the FBR has notified the value of immoveable properties in respect of 811 areas of Faisalabad.
The FBR has notified value of 7 immoveable properties in respect of areas of Abbottabad. The FBR has notified value of immoveable properties in respect of 424 areas of Bahawalpur.