Rates of valuation of immovable properties in Hyderabad
SRO 663(I)/2016 is an Income Tax SRO dated 2 August 2016, listed by FBR as "Rates of valuation of immovable properties in Hyderabad".
FBR publishes this SRO as scanned images, so the text below was transcribed by Qanoon Digest from the page images, with tables set out as tables. Check the official PDF before relying on any wording or figure.
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GOVERNMENT OF PAKISTAN
REVENUE DIVISION
FEDERAL BOARD OF REVENUE
Islamabad, the 2nd August, 2016.
NOTIFICATION
(Income Tax)
S.R.O. 663 (I)/2016. - In exercise of the powers conferred by sub-section 4 of section 68 of the Income Tax Ordinance, 2001 (XLIX of 2001), the Federal Board of Revenue is pleased to notify the value of immoveable properties in column No.2, 3, 4, 5, 6, 7, and 8 in respect of areas/categories specified in column No.1;
(2) This notification shall come into force with effect from 31st July, 2016.
HYDERABAD
| Category | Residential open plot per square yard | Residential Built up Property per square yard | Commercial open plot per square yard | Commercial Built up Property per square yard | Industrial open plot per square yard | Industrial Built up Property per square foot | Flats/Apartments per square foot |
|---|---|---|---|---|---|---|---|
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) |
| I | 25,000 | 26,000 | 100,000 | 75,000 | 3,000 | 4,000 | 2,100 |
| II | 18,000 | 19,000 | 70,000 | 60,000 | 1,800 | 2,000 | 1,600 |
| III | 15,000 | 16,000 | 40,000 | 50,000 | --- | --- | 1,000 |
| IV | 15,000 | 16,000 | 40,000 | 40,000 | --- | --- | 700 |
i. Value per square yard of the covered area of ground floor plus covered area for the additional floor.
ii. Commercial property built up value 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 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.
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v. A property which does not appear to fall in any of the categories shown in the said 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
ix. For details of categories, see Appendix.
APPENDIX
CATEGORY-I
| Sr.No | AREA |
|---|---|
| 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 | Sadar, Hyderabad |
CATEGORY-II
| Sr.No | AREA |
|---|---|
| 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 |
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| 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
| Sr.No | AREA |
|---|---|
| 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
| Sr.No | AREA |
|---|---|
| 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 |
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| 18 | Kali Mori |
| 19 | Quaidabad |
| 20 | Ilyasabad |
| 21 | Tahirabad |
| 22 | Shama Commercial Area |
| 23 | Phuleli Par Area |
| 24 | Hussainabad Giddu |
| 25 | Latifabad 4,5,8,9,10,11, &12 |
| 26 | Other Area not specified in categories I to III |
[F.No.4(113)IT-Budget/2016]
(Qazi Hifzur Rehman)
Secretary (IT-Budget)
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