ISLAMABAD: The Federal Board of Revenue (FBR) has announced a reduction in property valuation rates across five major cities of Punjab, aiming to bring official property prices closer to prevailing market values while providing relief to buyers and sellers. The revised valuation rates came into effect on April 22, 2026, and apply to key urban centers including Faisalabad, Gujranwala, Multan, Bahawalpur, and Sialkot.
According to official notifications, the FBR has introduced targeted adjustments instead of conducting a blanket revaluation. Separate statutory regulatory orders (SROs) were issued for each city, including SRO650(I)/2026 for Multan, SRO651(I)/2026 for Faisalabad, SRO652(I)/2026 for Bahawalpur, SRO653(I)/2026 for Gujranwala, and SRO662(I)/2026 for Sialkot. These updated valuation tables will be used for calculating federal taxes such as capital gains tax and withholding tax on property transactions.
The latest revision focuses on selected high-value areas and emerging housing schemes. In Multan and Faisalabad, the changes were limited to specific localities and property categories, ensuring that the broader valuation framework remains unchanged. In Bahawalpur, major revisions were made in DHA Bahawalpur and Askari Housing Scheme, while Gujranwala saw updates in defence housing areas and private projects like Palm City. Similarly, Sialkot’s revisions include updated rates for residential plots and constructed properties in selected zones.
FBR officials stated that the purpose of these adjustments is to make government-notified property values more realistic and reflective of actual market conditions without triggering market instability. This targeted approach is expected to enhance transparency in property transactions and improve tax compliance.
Earlier, similar revisions were made in Islamabad, where property valuation rates were reduced by 10% to 35% in selected sectors to address concerns from stakeholders. Experts believe that such measures will encourage investment in the real estate sector, boost documentation, and ultimately increase tax revenue for the government while providing relief to genuine buyers and investors.
