ISLAMABAD: The Federal Board of Revenue (FBR) has issued SRO 163(I)/2026, formally notifying revised property valuation tables for Islamabad, aimed at aligning official values with prevailing market rates.
Earlier, the FBR had notified property valuation tables through SRO 2392(I)/2025 dated December 8, 2025. However, the notification was suspended until January 31, 2026 after strong objections were raised by real estate stakeholders, who argued that the notified values did not reflect ground realities.
Property valuation tables across Pakistan were revised on October 29, 2024, excluding Islamabad, due to a pending complaint before the Federal Tax Ombudsman (FTO). Subsequently, the FBR issued SRO 2392(I)/2025 to determine fair market values of immovable properties in the capital.
Following representations from real estate associations and market participants, the FBR reviewed the valuation tables. During the reassessment process, several objections were examined and found to be valid, prompting revisions in specific areas where notified values exceeded actual market prices.
Under the newly issued SRO, the valuation of residential and commercial superstructures in Islamabad has been fixed as follows:
• Rs 3,000 per square foot for buildings up to five years old
• Rs 1,500 per square foot for buildings older than five years
Additionally, the valuation of rural areas within the Islamabad Capital Territory (ICT) will be determined in accordance with rates notified by the District Collector Islamabad on July 1, 2025.
The revised notification is expected to provide relief to taxpayers and enhance transparency in property-related taxation.
