Revision of Value of Immovable Properties of Larkana

Government of Pakistan Revenue Division Federal Board of Revenue ***** Islamabad, the 2nd March, 2022 Notification (Income Tax) S.R.O. 349(I)/2022.- 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. 1555(I)/2021, dated the 1st December, 2021, Federal Board of Revenue is pleased to determine the following fair market value of immoveable properties as specified in columns (2) to (8) of the Table below, in respect of categories of areas of Larkana as specified in column (1) thereof, namely:- Table LARKANA Category Residential Residential Commercial Commercia Industrial Industrial Flats/ open plot Built up open plot l Built up open plot Built up Apart per square Property per square Property per Property ments yard per square yard per square square per per yard yard yard square square foot foot (1) (2) (3) (4) (5) (6) (7) (8) I 8,064 12,096 30,240 28,224 1000 3,850 1,250 II 6,652 9,072 20,160 18,144 - - - III 4,435 6,652 12,096 12,096 - - - IV 1,411 3,024 8,064 6,048 - - - Notes: (i) Value is per square yard of the covered area of ground floor plus covered area for the additional floors; (ii) Commercial property built up value is per square yard of the covered area of the ground floor plus covered area of the additional floors, if any; (iii) Built up industrial property value is per square yard of the entire plot area plus covered area of the plot 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) 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 Appendices; (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) 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-I and Appendix-II. APPENDIX-I CATEGORICAL CLASSIFICATION OF RESIDENTIAL AREA OF LARKANA I II III IV S# AREA S# AREA S# AREA S# AREA 1 Dari Muhalla 1 Ali Gohar Abad 1 Faisal Colony 1 Allah Abad Muhalla Muhalla 2 Garal Shah 2 Azeem Shah 2 Ghous Pur 2 Ayoub Colony Muhalla Muhalla Muhalla 3 Qafla Sirai 3 Ghalib Nagar 3 Hamal Muhalla 3 Bazigar Muhalla Muhalla 4 Karman Bagh 4 Gajan Pur 4 Khuda Abad 4 Bhens Colony Muhalla Muhalla Muhalla 5 Lahori Muhalla 5 Kasai Muhalla 5 Muazam Colony 5 Channa Muhalla 6 Muhammadpur 6 Laila Abad 6 Nango Khan 6 Shah Bharo Colony Muhalla Muhalla 7 New Lahori 7 Mero Dero 7 Nazar Muhalla 7 Gharibabad Muhalla Muhalla Muhalla 8 Nawa Tak 8 Peoples Colony 8 Rehmat Pur 8 Gulshan Madina Muhalla Muhalla Colony 9 Riyali Bagh 9 Qadri Muhalla 9 Siddiqi Colony 9 Gulshan Haji Gano Muhalla Khan 10 Suriya Padhar 10 Shaikh Muhalla 10 Mehran Colony 10 Yaar Muhammad Muhalla Near Hamal Kalhoro Colony Muhalla 11 Sami Abad 11 Shaikh Zaid 11 Anwar Colony 11 Indus Valley Colony Muhalla Colony Near Khuda Abad Muhalla 12 Suko Tala 12 Professor Colony 12 Latif Colony Near 12 Ikram Colony Muhalla Rehmat Pur Muhalla 13 Tolani Bunglow 13 Shahbaz Colony 13 Noor Colony Rato 13 Kousar Mill Mohalla Muhalla Dero Road 14 Wagan Colony 14 Vakeel Colony 14 Gulshan Faiz 14 Latif Abad Muhalla Colony 15 Ansari 15 Qambar Road 15 Hussain Abad 15 Lehar Colony Mohallah Colony 16 Rasham Gali 16 Shewa Mandeli 16 New Shahbaz Mohallah Mohallah Colony Mero 16 Labour Colony Khan Chowk 17 Pakistan Chowk 17 Ahsan Colony 17 Muhammadi Colony

18 Jaral Shah 18 Wagan Road 18 Mirani Colony Mohallah 19 O P F Colony 19 Masan Road Muhalla 20 Murad Wahan Muhalla 21 Murad Shah Colony 22 Mumtaz Colony 23 Madina Colony 24 Menhal Abad 25 Naad Ali Colony 26 New Defense City Colony 27 Haidri Muhalla 28 Rasool Abad Muhalla 29 Shah Abad Muhalla 30 Sachal Colony APPENDIX-II CATEGORICAL CLASSIFICATION OF COMMERCIAL AREA OF LARKANA I II III IV S# AREA S# AREA S# AREA S# AREA 1 Anaj Mandi (Old) 1 Bakrani Road 1 New Bus Stand 1 Airport Road 2 Bank Squire 2 Civil Hospital 2 Gajan Pur 2 Pir Shair Road Road Chowk/Road 3 Bunder Road 3 District Jail 3 Mero Khan Road 3 Nishtar Road Road 4 Jales Bazar 4 Empire Road 4 Old Bus Stand 4 Kilu Patra Cinema 5 Jinnah Bagh 5 Jamia Masjid 5 Rato Dero Road 5 Aqil Road 6 Pakistani Chowk 6 Municipal Road 6 Tank Chowk 6 Phull Road 7 Resham Gali 7 Rice Canal Road 7 Faiz Auto Mobile 7 Areja Ferho / Project Central Jail Road 8 Raza Shah 8 Qambar Road 8 Anaj Mandi Kabeer Road (New) 9 Shahi Bazar 9 Lahori Mohallah 9 Wagan Road Road 10 Siddiqi Bazar 10 VIP Road 10 Naudero Road 11 Station Road 11 Fish Market 12 Shewa Mandli 12 Bahar Pur Road / ____________________________________________________________________________________ [F.No. 1(121)R&S/2017] (Muhammad Masood Ahmed Gorsi) Secretary (Rules & SROs)