Latest residential, commercial property rates in Rawalpindi – December 2024
ISLAMABAD – If you are planning to buy any residential or commercial property in garrison city of Rawalpindi, a neighbouring city of Islamabad, you must go through the new valuation rates for immovable properties.
The Federal Board of Revenue (FBR) recently determined the fair market value of the immovable properties in Rawalpindi and 55 other cities of Pakistan.
The bid aims at bringing the rate of the immovable property closer to the market value as it will boost revenue collection of FBR.
The revised rate of properties comes into effect from November 1 as the government aims at boost tax collection.
FBR Chairman Rashid Mahmood Langrial said the rates of immovable properties have been revised up moderately. He added that valuation has been revised based on the type of property, its location and other variables.
Property Valuation Rates in Rawalpindi December 2024 Update
The board started publishing the revised property valuations on its website. The valuation includes rates of agriculture, residential and commercial properties in different areas.
Following are the complete valuation rates:
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