Supersession of S.R.O 126(I)/2019 dated 01.02.2019

Government of Pakistan Revenue Division Federal Board of Revenue ***** Islamabad, the 23rd July, 2019. NOTIFICATION (Income Tax) S.R.O. (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. 126(I)/2019 dated the lsl February, 2019, the Federal Board of Revenue is pleased to notify the value of immoveable properties in columns (3) and (4) of the Table below in respect of areas or categories of Rawalpindi specified in column (2) thereof. (2) The value for residential and commercial superstructure shall be - (a) Rs.1500 per square foot if the superstructure is upto five years old; and (b) Rs.1000 per square foot if the superstructure is more than five years old. (3) In order to determine the value of constructed property, the value of open plot shall be added to the value worked out at sub-paragraph (2) above. (4) This notification shall come into force with effect from 24th July, 2019. RAWALPINDI S. Area Value of Value of No Residential Commercial property per property per maria maria (in Rs.) (in Rs.) (1) (2) (3) (4) 1 Satellite Town 2,000,000 4,000,000 2 ChandniChowk 1,500,000 4,000,000 3 College Road 1,500,000 4,000,000 4 Talagang Road/Defunct Municipal Community 1,400,000 2,000,000 Limits) ! 5 Bank Road 2,200,000 9,000,000 6 Chaklala Scheme-Ill 1,577,000 4,000,000 7 WahCantt 1,000,000 2,400,000 8 West Ridge 1,876,000 3,500,000 9 Murree Road 1,284,000 5,000,000

10 DHA-I 640,000 3,500,000 11 DHA-II 550,000 4,000,000 12 DHA-II Extn 125,000 1,000,000 13 DHA-III 250,000 1,000,000 14 DHA-IV 150,000 1,000,000 15 DHA-V 310,000 3,000,000 16 DHA Valley 100,000 500,000 17 Executive Meadows Phase III Bahria Town 450,000 2,500,000 18 Safari III 500,000 2,500,000 19 Phase-I Bahria Town 450,000 2,500,000 20 Phase-I Extension Bahria Town 320,000 2,500,000 21 Phase-II Bahria Town 450,000 2,500,000 22 Phase-II extension Bahria Town 225,000 2,500,000 23 Phase-II S Bahria Town 450,000 2,500,000 24 Phase-Ill Bahria Town 450,000 2,500,000 25 Phase-IV Bahria Town 450,000 2,500,000 26 Phase-V Bahria Town 450,000 1,600,000 27 Phase-Vl Bahria Town 450,000 1,400,000 28 Phase-VII Bahria Town 270,000 29 Phase-VIII Bahria Town 250,000 1,000,000 30 Bahria Golf City 600,000 1,100,000 31 Commoners Sky Garden 180,000 250,000 32 Commoners Flower Valley 250,000 350,000 33 Askari I 550,000 34 Askari II 550,000 35 Askari III 550,000 36 Askari IV 550,000 37 Askari V 550,000 38 Askari VI 650,000 39 Askari VII 550,000 40 Askari VIII 550,000 41 Askari IX 550,000 42 Askari X 550,000 43 Askari XI 650,000 44 Askari XII 650,000 45 Askari XIII 650,000 46 Askari XIV 450,000 47 Askari XV 450,000 48 Top City 300,000 1,500,000 49 Mumtaz City 300,000 1,500,000 50 Gulberg Greens 350,000 2,500,000 FF-No. 111211 R & S/20171 (Syed HasssiirSardar) Secretan*'(l£ules\& SROs)