Islamabad property rates have been officially reduced after the Federal Board of Revenue (FBR) announced a major revision in the valuation table for immovable properties across the capital. The new changes bring cuts of up to 33% in several residential and commercial sectors, marking one of the most significant downward adjustments in recent months.
The move comes after repeated complaints from real estate stakeholders who argued that official valuation rates were significantly higher than actual market prices. Following a detailed review, the Federal Board of Revenue issued a revised notification on Friday, aligning property valuations closer to on-ground market conditions.
Major Revision in Islamabad Property Valuation
Under the updated valuation table, multiple sectors in Islamabad have seen sharp reductions. The revised rates apply to both possession and non-possession plots in key residential zones.
In Sector B-17, possession plot rates have been reduced from Rs30,000 to Rs21,000 per square yard. Non-possession plots now stand at Rs10,500 per square yard, down from Rs15,000.
In Sector C-14, rates have dropped from Rs30,000 to Rs21,000 per square yard. C-15 has been revised from Rs25,000 to Rs17,500, while C-16 now stands at Rs14,000 per square yard compared to Rs20,000 earlier.
In the high-demand D-series sectors, D-12 has seen a major cut from Rs130,000 to Rs91,000 per square yard. D-13 rates have also been reduced from Rs16,000 to Rs11,500.
Other notable changes include E-12, where rates fell from Rs. 56,000 to Rs39,200. F-15 farmhouse plots were revised from Rs 20,000 to Rs 12,500 per square yard.
Impact on Buyers, Sellers, and Investors
Market experts believe the revised Islamabad property rates may ease transaction costs for buyers, especially those purchasing property for long-term investment or residential use. Lower valuation rates also reduce tax liability in property transactions, which has been a long-standing concern for buyers in the capital.
In G-series sectors, G-13 rates have been reduced from Rs100,000 to Rs70,000 per square yard. G-14 now stands at Rs31,500 instead of Rs45,000. Similar cuts were applied in G-15, G-16, and G-17, with rates now between Rs10,500 and Rs17,500 per square yard.
In the I-series, I-11 fell from Rs40,000 to Rs28,000 per sq yard, while I-14 dropped to Rs28,500 from Rs40,000. Agents say the revision may boost activity as high valuations discouraged deals and pushed them into informal.
Premium Areas Remain Unchanged
Despite widespread cuts, some high-value sectors have seen no changes in valuation. F-6 and F-7, along with other premium localities, retain their existing rates at around Rs210,000 per square yard.
Officials said these areas already have stable premium prices, so no changes were made in the latest revision. FBR said this is the second major update in recent months to align property values with market trends. Analysts suggest that more revisions could follow if market disparities continue.
The cut in Islamabad property rates may give short-term relief to buyers and affect real estate activity in the capital.
