Revision of Value of Immovable Properties of Mirpurkhas

Government of Pakistan Revenue Division Federal Board of Revenue ***** Islamabad, the 2nd March, 2022 Notification (Income Tax) S.R.O. 354(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.1560(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 Mirpurkhas, as specified in column (1) thereof, namely:- Table MIRPURKHAS Commerc Commerc Industri Resident Resident ial Built- ial Built- Industri al Built- Flats/ ial Open ial Open up up al Open up Apartme Catego Plot Per Plot Per Property Property Plot Per Propert nts Per ry Square Square Per Per Square y Per Square Yard Yard Square Square Yard Square Foot Yard Yard Foot (1) (2) (3) (4) (5 (6) (7) (8) I 24,000 30,000 45,000 50,000 - - 2000 II 18,000 23,000 40,000 45,000 - - 1800 III 15,000 18,000 32,000 38,000 - - 1600 IV 10,000 12,000 20,000 25,000 - - 1400 V 4000 6000 12,000 20,000 2000 1000 1300 Notes.- (i) Values in the above Table are in Rupees; (ii) Value is per square yard of the covered area of ground floor plus covered area for the additional floors; (iii) 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; (iv) Built up industrial property value is per square yard of the entire plot area plus covered area of the plot per square foot;

(v) 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; (vi) 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; (vii) Where the land has been granted for more than one purpose viz. residential, commercial and industrial, the valuation in such case shall be the mean/average of the prescribed values; (viii) Flat means the covered residential tenement having separate property unit number/sub- property unit number; (ix) In residential, multi storey building, additional storey shall be charged if it consists of bed room and bath room; and (x) Area-wise categories are prescribed in the following Appendix:- APPENDIX Category-I Sr. No. Areas 1. Station Road / M.A Jinnah Road 2. New Town 3. Dholanabad 4. Lalchand Garden / Bagh 5. Shahi Bazar / Sarafa Bazar 6. Khisak Pura 7. Tourabad 9. Hirabad Chowk 10. Kari Quarters 11. Lal Para 12. Madina Masjid Road Chowk 13. Guardawara Chowk 14. Baldia Chowk 15. Session Court Road 16. Jameel Shaheed Road 17. Iqba Road 18. Satellite Town “A” (Road facing Chandni Chowk to JarwariShakhChowk) 19. Lalchand Market 20. Pahloo Mal Moti Ram Colony 21. All schemes situated on Main Hyderabad Road from State Life Building up to Ring Road Category-II Sr. No. Areas 1. Khad Plot 2. Lalchandabad

3. Nai Para 4. Jamanadas Colony Phase-I &II 5. Ahmedani Colony 6. Ishaque Colony 7. Adam Town 8. Thomasabad 9. Garibabad 10. Muslimabad 11. Kahu Bazar 13. Satellite Town “A”& “B” 14. Noor Shah Colony 15. Mir Nagar 16. Chaki Para 17. Anaaj Mandi Road 18. Fateh Masjid Road 19. PuraniSubzi Mandi Road 20. Umerkot Road (from Post Office Chowk to Ali Medicare) 21. G.M. Town 22. Peer Colony 23. Eiffel Tower 24. All schemes situated on Main Hyderabad Road except as given in Category-I Category-III Sr. No. Areas 1. Johar Colony 2. Nawab Colony 3. Mir Farm Colony 4. Old Bakra Piri 5. Gaushala 6. Tata Mill 7. Bashirabad Town 8. Hameedpura Colony No.01, 02 & 03 9. Bhansingabad / Aurangabad 10. Satellite Town “C”& “D” 11. Rahim Nagar 12. Nult para / Ayoub Nagar 13. DehPanhawarki Colony 14. Gulshan-e-Uamair 15. Rehmania Colony 16. Mir Lutufullah / Colony 17. Mir Allah Bachayo Colony 18. Habib Colony 19. Model Town 20. Gulberg Town 21. Cattle Colony 22. Ali Town Phase I & II 23. Gulshan-e-Haider 24. Khayaban-e-Yousuf Phase, I & II

25. Bagh-e-Bashir Phase I,II & III 26. G.M. Town Phase I 27. Gulshan-e-Hasnain 28. Mir Road 29. Gulshan-e- Rehmat 30. Gulistan-e-Iqbal / Iqbal Town / Raja Town 31. Karrenabad Town 32. Soomra Para 33. Gulshan-e-Kainat 34. Touheedabad 35. Gulshan-e-Raheem 36. Paradise Housing Scheme 37. Misri Farm Housing Scheme 38. Khayaban-e-Sultan Housing Scheme Category-IV Sr. No. Areas 1. Rafsar Town 2. Sohail Town 3. Mehran Town 4. Tarique Town 5. Liaquat Town 6. Azra Town 7. Gulshan-e-Iqbal 8. Railway Housing Society 9. Gulshan-e-Latif Town /Latifabad Town 10. Zeeshan Town 12. Bahrain Town 13. Ghouse-e-Azam City 14. Gulshan-e-Murtaza 15. Pak Colony 16. Volkart Town 17. Mansoorabad 18. Siyal Colony 19. Agricultural Market 20. Akhtar Colony 21. Mehmoodabad Colony 22. Khipro Road 23. Umerkot Road 24. Harchand Rai Colony 25. Rewachand Garden 26. Mollchand Garden 27. Hirabad 28. Mohammedi Town Category-V Sr. No. Areas 1. Usmanabad

2. Shadman Town 3. Soofi Town 4. Imran Town Phase I , II & III 5. Gulshan-e-Ibrahim 6. Dastageer Town 7. Sindhi Muslim Society 8. Salman Town 9. Umi Hani Colony 10. Gulshan Colony 11. Faisal Town 12. Samanabad 13. Ishtiaque Town 14. Noorabad Town 15. Ali Talpur Town 16. Nasir Town 17. Mehran Colony 18. Ring Road 19. Dil Murad Colony 20. Shah Colony 21. Yasrab Colony 22. Ghousia Colony 23. Madina Colony 24. Dars Colony 25. Industrial ____________________________________________________________________________ F.No. 1(121)R&S/2017] ( Muhammad Masood Ahmed Gorsi ) Secretary (Rules & SROs)