Business Desk 
Feb 12, 2025
In a bid to streamline property valuation and enhance transparency, the Federal Board of Revenue (FBR) has updated the criteria for the valuation of commercial properties, buildup industrial properties, built-up properties, amenity plots, high-rise buildings and residential buildings in Karachi.
Rules for property valuation in Karachi
The Statutory Regulatory Order (SRO) 144(I)/2025 outlines the following rules to determine the value of properties in Karachi:
- (a) Values in the table are in Pakistani rupees.
- (b) Value is per square foot of the covered area of the ground floor plus covered area for the additional floors.
- (c) Values for the amenity plots shall be 50% of the residential plots of the respective area.
- (d) Commercial property built up value is per square foot of the covered area of the ground floor plus covered area of the additional floors. If any.
- (e) Buildup industrial property value is per square foot of the entire plot area plus covered area of the plot per square foot.
- (f) Value in respect of a residential building consisting of more than one storey shall be increased by 25% for each additional storey i.e value of each storey other than ground floor shall be calculated @25% of the value of the ground floor.
- (g) A property which does not appear to fall in any of the categories shown in the property valuation table shall be deemed to fall in the adjacent highest property.
- (h) Whether the land has been granted for more than one purpose viz. residential, commercial and industrial, the valuation in such a case shall be the mean/average prescribed rate.
- (i) A flat means the covered residential tenement having separate property unit number/sub-property unit number.
- (j) In residential, multi-storey building, additional storey shall be charged if it consists of bedroom and bathroom.
- (k) The rates for basements of built-in commercial property shall be 20% of the value of ground floor.
- (l) High rises means a building with storeys above ground plus 5%.
- (m) The value of the residential built-up property (including basement and first floor) is allowed to be reduced according to the specified criteria.
- (n) The value of built-up property (flats and apartments) is allowed to be reduced according to the specified criteria.
- (o) The value of commercial built up property is allowed to be reduced according to laid down criteria.
- (p) The value of the commercial plots of Defence Housing Authority facing any Khayaban shall be increased by 15%.
- (q) The value of commercial built-up excluding ground floor shall be reduced by 25%.
- (r) The value of residential plots of the specified categories shall be decreased by 20%.
