ISLAMABAD/KARACHI: The Federal Board of Revenue (FBR) on Tuesday notified newly set prices of real estate in Karachi.
The revenue authority divided the metropolis in nine categories comprising 193 areas and issued a list of prices of immovable property. The classification was made for residential, commercial and industrial property, and flats.
To evaluate the property, 49 rates were fixed on the whole for residential and commercial property in different categories. The FBR assigned different prices for residential plots and already constructed houses.
The areas falling in category 'A-One' included Bath Island, Clifton, Defense Phase 1, 2, 3 and 5, Dhoraji, Garden East and KDA. The prices for residential and commercial plots in A-One category were fixed as Rs 35,000 and Rs 100,000 per square yard respectively.
In category 'One', prices of residential plots were set as Rs 25,000 per square yard. The category encompasses Abdullah Haroon Road, Burns Road, Bombay Bazar, and Defense Phase 4 and 6.
Category 'Two' residential plots were evaluated at Rs 12,000 per square yard in areas including Federal B Area, Gulshan Iqbal, Jacob Lines and Jooria Bazar.
Prices of commercial plots in Karachi were set at Rs 100,000, while that of already constructed commercial plaza at Rs 67,500 per square yard.
The FBR fixed Rs 900 per square yard price of property in low-cost areas of the city which included Muhajir Colony, Manghopir Road, Surjani Town.
0 comments:
Post a Comment