The Federal Board of Revenue (FBR) has excluded the Defence Housing Society from the notification of valuation rates for residential and commercial immovable properties in the Islamabad Capital Territory and has increased property valuation rates in the federal capital’s areas from 15 percent to as much as 75 percent.
According to sources, the FBR issued SRO No. 163(I)/2026 in this regard yesterday. After consultations with real estate agents in the federal capital, the FBR revised property values. It withdrew the previous valuation table issued under SRO 2392(I)/2025 and replaced it with a new schedule under SRO 163(I)/2026.
On Monday, the FBR formally issued SRO 163(I)/2026, thereby abolishing SRO 2392(I)/2025. Earlier, through SRO 2392(I)/2025, the FBR had significantly increased the valuation rates of residential and commercial immovable properties in the Islamabad Capital Territory to bring them closer to actual market values.
However, following strong opposition from stakeholders, the FBR suspended SRO 2392(I)/2025 until January 31, 2026, and subsequently issued the new SRO 163(I)/2026 on Monday. Under the new notification, the FBR has reduced the valuation rates proposed in SRO 2392(I)/2025.
According to the new notification, the FBR has determined fair market values for immovable properties in Islamabad. The valuation of residential and commercial superstructures will be Rs 3,000 per square foot for properties up to five years old, and Rs 1,500 per square foot for properties older than five years.
For rural areas of Islamabad, property values will be determined in accordance with the rates notified by the Additional Deputy Commissioner (Revenue) or District Collector Islamabad. In case of any dispute over rates in a specific area, the higher of the two values will be applicable.
