ISLAMABAD: The Federal Board of Revenue (FBR) has notified its criteria for the valuation of commercial properties, buildup industrial properties, built-up properties, amenity plots, high-rise buildings and residential buildings in the metropolitan city of Karachi.
The Statutory Regulatory Order (SRO) 144(I)/2025 states:
(a) Values in the table are in rupees.
(b) Value is per square foot of the covered area of the ground floor plus the covered area for the additional floors.
(c) Values for the amenity plots shall be 50% of the residential plots of the respective area.
(d) Commercial property built-up value is per square foot of the covered area of the ground floor plus the covered area of the additional floors — if any.
(e) Buildup industrial property value is per square foot of the entire plot area plus the covered area of the plot per square foot.
(f) Value in respect of a residential building consisting of more than one storey shall be increased by 25% for each additional storey i.e., the value of each storey other than the ground floor shall be calculated at 25% of the value of the ground floor.
(g) A property which does not appear to fall in any of the categories shown in the property valuation table shall be deemed to fall in the adjacent highest property.
(h) 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.
(i) A flat means the covered residential tenement having a separate property unit number/sub-property unit number.
(j) In a residential, multi-storey building, an additional storey shall be charged if it consists of a bedroom and bathroom.
(k) The rates for basements of built-in commercial property shall be 20% of the value of the ground floor.
(l) High rises means a building with storeys above ground plus 5%.
(m) The value of the residential built-up property (including the basement and first floor) is allowed to be reduced according to the specified criteria.
(n) The value of the built-up property (flats and apartments) is allowed to be reduced according to the specified criteria.
(o) The value of commercial built-up property is allowed to be reduced according to laid down criteria.
(p) The value of the commercial plots of Defence Housing Authority facing any Khayaban shall be increased by 15 per%.
(q) The value of commercial built-up excluding the ground floor shall be reduced by 25%.
(r) The value of residential plots of the specified categories shall be decreased by 20%.
