The Federal Board of Revenue (FBR) has reduced property valuation rates for immovable properties in five major cities of Punjab, offering relief to buyers and sellers through targeted revisions in selected areas instead of a province-wide revaluation.
The updated rates came into effect on April 22, 2026, and apply to Faisalabad, Gujranwala, Multan, Bahawalpur, and Sialkot. These valuation tables are used to calculate federal taxes such as capital gains tax and withholding taxes on property transactions.
FBR issued separate notifications 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.
Officials said the latest revisions aim to align official property values more closely with market prices in selected localities, especially high-end housing schemes and fast-growing urban areas, while keeping the wider valuation system unchanged.
In Multan, changes were selective and made through amendments to the earlier 2024 notification, covering only specific localities and property categories.
A similar strategy was used in Faisalabad, where only certain locations and property entries were revised to better reflect current market conditions.
In Bahawalpur, the updated rates mainly focused on DHA Bahawalpur and Askari Housing Scheme. In Gujranwala, revised valuations were introduced for Defence and Askari schemes, along with premium private projects such as Palm City.
In Sialkot, FBR updated specific serial numbers and revised rates for residential open plots and constructed properties in selected areas.
Officials said the purpose of these changes is to make official valuation rates more realistic without launching a full citywide reassessment.
Earlier this year, Islamabad also saw multiple revisions in its property valuation framework. Most recently, FBR announced reductions ranging from 10 percent to 35 percent in several urban sectors through a notification issued on April 16 after concerns raised by stakeholders.
