Revision of Value of Immovable Properties of Hyderabad

Government of Pakistan Revenue Division Federal Board of Revenue ***** Islamabad, the 1st February, 2019. NOTIFICATION (Income Tax) S.R.O.116(I)/2019.- In exercise of the powers conferred by sub-section (4) of section 68 of the Income Tax Ordinance, 2001 (XLIX of 2001) and in supersession of its Notification No. S.R.O. 663(I)/2016 dated the 2nd August, 2016, the Federal Board of Revenue is pleased to notify the value of immoveable properties in columns (2), (3), (4), (5), (6), (7), and (8) of the Table below in respect of areas/categories of Hyderabad specified in column (1) thereof, namely:- HYDERABAD Residential Commercia Industri Industrial Flats/Ap Residential Commercial Built up l Built up al open Built up artments open plot open plot Category Property Property plot per Property per per square per square per square per square square per square square yard yard yard yard yard foot foot (1) (2) (3) (4) (5) (6) (7) (8) I 30,000 31,200 120,000 90,000 3,600 4,800 2,520 II 21,600 22,800 84,000 72,000 2,160 2,400 1,920 III 18,000 19,200 48,000 60,000 - - 1,200 IV 18,000 19,200 48,000 48,000 - - 840 Notes.- (i) Value is per square yard of the covered area of ground floor plus covered area for the additional floor; (ii) commercial property built up value is per square yard of the covered area of the ground floor plus covered area of the additional floor, if any; (iii) built up industrial property value is per square yard of the plot area per square foot; (iv) the 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; (v) a property which does not appear to fall in any of the categories shown in the below Appendix shall be deemed to fall in the adjacent lowest category of the Appendix; (vi) 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; (vii) a flat means the covered residential tenement having separate property unit number/sub-property unit number; (viii) in residential, multi storey building, additional storey shall be charged if it consists of bed room and bath room; and

(ix) area-wise categories are in the following Appendix:- APPENDIX CATEGORY-I S. AREA No. 1 All lines including Chandni Cinema Area, Gul Centre and District Council Office are 2 Defence Housing Scheme 3 Soldier Bazaar 4 Saddar Cantonment 5 Hirabad 6 Amil Colony 7 RoopMahal Corner, in between Govt. College Road (upto Riangular Park) and Prince Ali Road 8 Memon Mohalla 9 Prince Ali Road 10 Market 11 Shahi Bazar, Sarafa Bazar 12 Resham, Gali including Pakaha Pir Chari 13 Tilak Chari and Training College area upto Civil Hospital 14 Commercial Area of Chotki Gitti 15 Siroghat (Market Area) 16 Auto Bhan Road, Latifabad 17 Unit 3 and 6, Latifabad 18 Qasimabad 19 Saddar, Hyderabad CATEGORY-II S. AREA No. 1 Latifabad unit No. 1,2 & 7 excluding ‘D’ Type Quarters and ‘D’ Type Plots 2 Fakir ka Pir 3 Chotki Gitti, excluding Commercial Area 4 Gari Khata 5 Station Road, from the foot of Tilak Incline to Station 6 Rahat Cinema Read 7 Lajpat Road 8 Baldia Colony 9 Juornalist Colony 10 Memon Colony, adjacent to Vahdat Colony, Qasimabad Housing Societies 11 Sindhi Muslim Housing Society 12 Karimabad 13 Mubarak Colony 14 Doctors Colony 15 Siroghat and adjacent streets

CATEGORY-III S. AREA No. 1 Tando Wali Muhammad 2 Shahab Cinema Road and timber Market Area 3 Juman Shah Jo Pir 4 Kahi road Area 5 Main Jum Pir 6 Memon Hospital Area and City College Area 7 Silavat para 8 Massan Road 9 Around Civil Hospital 10 Double Lane 11 Khokar Mohallah 12 Qazi Abdul Qayoom Road 13 ‘D’ Type quarters of Latifabad No. 7 14 Advani Lane 15 Bulbulani Lane 16 Sarwar Kubi Lane 17 Khumbati Lane 18 Sochi Para 19 Khata Chowk 20 Fort Area CATEGORY-IV S. AREA No. 1 Pinjra Pole 2 Dadan Shah Jo Pir 3 Sarfraz Colony 4 Pathan Colony 5 Liaquat Colony 6 Afandi Bagh 7 Goods Naka 8 Rashi Ghat 9 Islamabad 10 Tando Agha 11 Tando Mir Muhammad 12 Pretebad 13 Tando Yousaf 14 Firdous Colony 15 Muslimabad Colony 16 Al-Fazal Town 17 Tando Thoro 18 Kali Mori 19 Quaidabad 20 Ilyasabad 21 Tahirabad