Transfer Fees and Possession Charges for Gulberg, Islamabad

The transfer fees and possession charges for plots in Gulberg Islamabad vary depending on the size and location of the plot within the project (Gulberg Residencia or Gulberg Greens). Below is a summary of the charges:

1. Transfer Fees

Transfer fees typically depend on the plot size:

• Residential Plots (Gulberg Residencia): For 7 Marla, 10 Marla, 1 Kanal, or larger sizes, the charges differ based on the category and block of the plot.
• Farmhouse Plots (Gulberg Greens): Larger plot sizes (like 4 Kanal or more) may attract higher transfer fees.

2. Possession Charges

Possession charges are generally applicable for plots where development is completed and possession is being handed over. This also depends on the plot size and development status of the block.

For exact figures, you can consult official sources like Gulberg’s administration office or reliable agents operating in the area, as these charges are subject to change and may also depend on additional factors like plot category (corner, main boulevard, park-facing)​

Here’s a combined table showing Transfer Fees and Possession Charges for different plot sizes:

FBR Tax:

The Federal Board of Revenue (FBR) in Pakistan imposes taxes on real estate transactions, including the buying and selling of properties. Here are the key FBR taxes applicable for property transactions:

Capital Gain Tax (CGT) (Under Section 236-K):

• Filer: 3%
• Non-Filer: 6%
• 20% under Section 7-E applies to capital gains.

Advance Tax (AD) (Under Section 236-C):

• Filer: 3%
• Non-Filer: 10.5%

Capital Value Tax (CVT):

• Filer: 2%
• Non-Filer: 2%

FBR Property Tax Rates:

The Federal Board of Revenue (FBR) in Pakistan recently revised property valuation rates across the country, with increases ranging from 20% to as much as 75%, depending on the city and property type. This adjustment aims to bring declared property values closer to their market rates to enhance tax collection. In some major cities, these rates have reportedly increased by up to 80% for certain areas.

For properties like residential plots, houses, and commercial units, these revised rates will directly impact taxation, such as withholding tax on purchases and sales, capital gains tax, and property transfer fees. For example, in urban centers like Lahore, Islamabad, and Karachi, the valuation hikes are particularly significant, aligning government-declared rates closer to market values.

It’s important to note that these updated rates vary between cities and specific localities within them. For detailed guidance regarding your area, consulting FBR’s official property valuation tables is recommended or visiting their regional offices

• Per Square Yard (Residential):
  • Developed Plots: Rs. 19,000/-
  • Non-Developed Plots: Rs. 13,000/-
• Per Kanal (Farmhouses):
  • Developed Plots: Rs. 9,500,000/-
  • Non-Developed Plots: Rs. 6,500,000/-
• Commercial Plots Per Square Foot:
  • Developed Plots: Rs. 10,500/-
  • Non-Developed Plots: Rs. 13,774/-
• Apartments Per Square Foot:
  • Developed Plots: Rs. 5,500/-
  • Non-Developed Plots: Rs. 7,000/-

Transfer Document Checklist:

1. Original Allotment Letter
2. Photographs of both seller and purchaser.
3. Valid CNICs of seller and purchaser.
4. Property Sale Agreement (signed and complete).
5. Last Sale Value details.
6. All Paid Receipts of dues.
7. Duplication Check (for 5-marla plots).
8. Employee Verification (for 5-marla plots).
9. Paid Sui Gas/Electricity Charges (if applicable).
10. Any other applicable charges cleared.
11. Proof of Transfer Fee Payment.
12. Correct filer/non-filer status for seller and buyer.
13. Paid and accurately filled forms for CGT, CVT, and Advance Tax.
14. Correct CNIC Numbers reflected in CPRs for all taxes.
15. Details of the sale mentioned clearly in the agreement.

Property Transfer Services in Gulberg Islamabad

At Al Madina Estate, we specialize in facilitating property transfers in Gulberg Residencia. Our professional team ensures a seamless process, handling all documentation and legal formalities. We assist with the following types of transfers:

1. Normal Transfers
   • Standard property transactions for buying or selling between parties.
2. Gift Transfers
   • Simplified procedures for property transfers as gifts, often between family members.
3. Death Transfers
   • Efficient handling of inheritance-based property transfers, ensuring compliance with legal requirements.
4. Transfers Through Power of Attorney
   • Managing property transfers authorized by a legal representative on behalf of the owner.

Our services include preparing all necessary documents, liaising with authorities, and providing guidance on tax and fee calculations.