The federal government has reduced official property valuation rates in several sectors of Islamabad by up to 33%, offering major relief to property buyers and investors.

The decision was taken by the Federal Board of Revenue (FBR), which issued a fresh notification revising property values across key residential and commercial sectors of the capital. This marks the third revision of property valuation rates in recent months.

Major relief for property buyers

The revised rates are expected to significantly lower transaction costs for buyers and sellers in Islamabad’s real estate market. The move is also aimed at improving documentation and encouraging legal property transactions.

Key sector-wise changes

In Sector B-17, the rate for possession plots has been reduced from Rs 30,000 to Rs 21,000 per square yard, while non-possession plots now stand at Rs 10,500 per square yard, down from Rs 15,000.

Also Read: Electricity prices may rise as 26 paisa per unit hike proposed in Pakistan

In Sector C-14, rates have been reduced from Rs 30,000 to Rs 21,000 per square yard, while C-15 has been revised from Rs 25,000 to Rs 17,500. C-16 has also seen a reduction from Rs 20,000 to Rs 14,000 per square yard.

More cuts across major sectors

Sector D-12 witnessed a drop from Rs 130,000 to Rs 91,000 per square yard, while D-13 fell from Rs 16,000 to Rs 11,500. Similarly, E-12, G-13, G-14, G-15, G-16, G-17, and I-11 also recorded significant reductions in official property values.

Officials say the revised rates aim to align market values with tax assessments and provide relief amid ongoing economic pressures.