FBR Issues Revised Property Rates for Karachi

The Federal Board of Revenue (FBR) has determined the new fair market value of immovable residential and commercial properties in different areas of Karachi.

According to details, the FBR has notified new property valuations of more than 200 areas of the provincial capital, with the new rates coming into effect immediately.

The FBR has divided 8 types of immovable properties into 12 categories based on their valuation according to their fair market values.

Let’s have a look at the categories of residential properties first:

Category	Residential Open Plot Per Square Yard (Rs.)	Residential Built up Property Per Square Yard (Rs.)	Flats/Apartments Per Square Yard (Rs.)	Amenity Plot Per Square Yard (Rs.)
A-I	73,125	81,000	7,313	37,375
I+	–	–	–	–
I	45,000	56,250	6,188	23,000
II	22,800	30,800	3,375	10,925
III	12,000	16,875	2,138	5,750
IV	9,563	11,250	1,688	4,888
V	6,000	7,800	944	1,680
VI	1,665	4,995	605	840
VII	35,520	44,400	7,770	17,920
VIII	9,900	15,540	3,330	5,040
IX	11,000	13,200	2,750	6,000
X	12,320	14,300	3,220	7,000

Here are the categories of commercial and industrial properties:

Category	Commercial Open Plot Per Square Yard (Rs.)	Commercial Built-up Property Per Square Yard (Rs.)	Industrial Open Plot Per Square Yard (Rs.)	Industrial Built-up Property Per Square Yard (Rs.)
(1)	(4)	(5)	(6)	(7)
A-I	180,000	103,500	–	–
I+	160,000	80,000	–	–
I	123,750	73,125	12,124	3,105
II	106,875	56,250	13,824	3,336
III	46,000	28,000	6,000	3,336
IV	38,250	16,875	–	–
V	10,140	11,375	–	–
VI	3,600	5,994	–	–
VII	127,650	61,050	–	–
VIII	48,000	49,248	–	–
IX	52,000	33,000	–	–
X	60,500	36,300	–	–

Let’s have a look at some of the area-wise category valuations in Karachi:

Sr. No.	Area	Residential Category	Commercial Category	Industrial Category	Flats Category
1.	Air Force Officers Cooperative Housing Society at Scheme-33	I	A-I	I	I
2.	Askari I,II,III,IV,V	A-I	A-I	–	–
3.	Bahria Town Karachi superhighway (excluding precincts 1,2,5,8,19 and Jinnah Commercial & Midway Commercial (A&B)	X	X	X	X
4.	Bahria Town Karachi superhighway Jinnah Commercial & Midway Commercial (A&B)	–	I	–	II
5.	Bahria Town Karachi superhighway precinct 1,2,5,8,19	I	I	II	II
6.	Burns Road	I	I	I	I
7.	Clifton Bock-I	I	A-I	II	I
8.	Clifton Quarters Excluding Shireen Jinnah Colony and Clifton Bock-I	A-I	A-I	II	A-I
9.	Defence Housing Authority Phase I, II, III, IV, V, VI, VII, VIII	A-I	I+	I	II
10.	Defence Housing Authority Phase VII Extension, Phase VIII Extension (excluding commissioner society and Humayun street)	A-I	I+	I	II
11.	Defence Housing Authority High Rises	–	–	–	A-I
12.	Defence Officers Housing Scheme, Malir	A-I	A-I	A-I	I
13.	DHA Phase-IX DHA City (excluding sector 1 & 3)	V	V	–	V
14.	DHA Phase-IX DHA City Sector 1 & 3	IX	IV	–	IX
15.	Hawks Bay	V	V	II	V