The Federal Board of Revenue (FBR) has declared a substantial decrease in property valuation in Islamabad, reducing official rates by 30 to 35 percent across various residential and commercial categories.
The updated valuation tables were released via a notification on Thursday, indicating a significant change in the pricing structure of the capital’s real estate market.
This adjustment impacts both constructed properties and plots in numerous sectors, although some key commercial areas largely maintain their previous valuation standards.
According to the new framework, the valuation rate for residential and commercial superstructures that are up to five years old in the older sectors of Islamabad has been decreased from Rs3,000 to Rs2,500 per square foot.
For buildings that are older than five years, the rate has been reduced from Rs1,500 to Rs1,200 per square foot. These changes represent a comprehensive correction in the official property prices used for taxation and transaction purposes.
In rural Islamabad, the valuation by FBR will still be determined by rates announced by the Additional Deputy Commissioner (Revenue) or District Collector, as per the notification dated July 1, 2025, leaving those regions unaffected by the recent changes.
The revised valuation tables indicate significant reductions across developing and mid-range sectors.
In B-17 and C-14, possession-based residential plots have decreased from Rs30,000 to Rs21,000 per square yard, while non-possession plots in B-17 have been lowered from Rs15,000 to Rs10,500. In C-15, rates have been reduced from Rs25,000 to Rs17,500 per square yard, and in C-16 from Rs20,000 to Rs14,000.
Rates of residential plots drop across Islamabad
D-12 has experienced a significant change, with the price of constructed residential flats decreasing from Rs15,000 to approximately Rs10,500 per square foot. In the same area, the value of commercial constructed properties is now around Rs17,500 per square foot.
Meanwhile, in D-13, the rates for residential plots have dropped from Rs16,000 to Rs11,200 per square yard. In the G-series sectors, G-13 has seen a decline from Rs100,000 to Rs70,000 per square yard.
G-14 is currently priced between Rs35,000 and Rs63,000, while G-15 ranges from Rs7,000 to Rs17,500. G-16 is valued between Rs6,000 and Rs10,500, and G-17 has decreased from Rs25,000 to Rs17,500 per square yard.
The reductions also affect several key residential areas. Margalla Town has fallen from Rs55,000 to Rs38,500 per square yard, Chak Shahzad from Rs50,000 to Rs35,000, and Banigala from Rs35,000 to Rs24,500.
Additionally, Park View has been adjusted downward to Rs24,500 per square yard. In more upscale sectors, valuation standards remain relatively high.
In E-7, residential plots are priced at Rs225,000 per square yard, while constructed commercial properties are valued between Rs10,000 and Rs100,000 per square foot. In E-11, rates vary from Rs70,000 to Rs100,000 per square yard, and E-12 is set at Rs39,200 per square yard.
Commercial centers exhibit mixed trends. In the Blue Area along Jinnah Avenue, constructed flats are priced at Rs100,000 per square foot.
On Fazl-e-Haq Road, rates fluctuate between Rs8,000 and Rs50,000 per square foot.
Meanwhile, valuations in the New Blue Area and sectors G-9, F-9, G-8, and F-8 largely remain stable, ranging from Rs40,000 to Rs150,000 per square foot.
