How to get property valuation certificate in Pakistan (Step-by-Step Guide 2025)

What is the Valuation Certificate of Property?

A property valuation certificate is a legally recognised document that determines the fair market value of your property based on location, size, condition, age, neighbourhood, and the prices of similar properties in a specific area.

It provides an objective assessment report of the property’s value at a particular point in time.

A question I often get is: What is the value of my property?

Additionally, you may need to present this value in writing at times.

How Do I Assess Fair Market Value?

Determining the fair market value of your property is crucial for several reasons, including ensuring a fair sale price and meeting legal requirements. A comprehensive property valuation is the key to achieving this. Here’s how it works:

If you’re looking for expert property valuation services in Islamabad, the valuer provides accurate and reliable assessments for land, houses, apartments, and commercial properties.

Why You Need a Valuation Certificate

When it comes to property, understanding its true worth is key. Here are the reasons you need a valuation certificate:

• Fair Market Value: Know the actual market value to avoid overpaying or underselling. Before any property transaction in Pakistan, a certified valuer inspects, evaluates, and determines the market value, taking into account all relevant factors.
• Loan Approval: Banks and financial institutions rely on property valuations to assess risks before approving loans or mortgages, determining the amount they can lend.
• Going Abroad: Planning to move abroad (to the USA, UK, Canada, Australia, etc.)? You’ll need a valuation certificate.
• Legal Requirements: A valuation certificate ensures equitable distribution in inheritance or property disputes.
• Taxation: Property valuations help accurately calculate property taxes, including Capital Gain Tax, Wealth tax, Property Tax, Municipal Tax, and stamp duty.
• Insurance: Insurance companies use the certificate to determine the replacement cost of a property in case of damage or loss.
• Financial Audits: For audit purposes, you need to enter the book value of an asset or property.
• Acquisitions and Mergers: When one company acquires another, properties are valued beforehand to determine the final market value.

Read Also: ICONS Valuations and Other Informative Posts, such as How to Obtain a Family Registration Certificate Quickly.

Who Can Issue Your Property Valuation Certificate in Pakistan?

Only licensed valuation firms registered with the State Bank of Pakistan (SBP) and other regulatory authorities, such as the Pakistan Bureau of Statistics (PBA), are authorized to provide certified property valuations in Pakistan. These professionals ensure accuracy and credibility by thoroughly surveying your property before issuing the certificate. The reports issued by these firms are legitimate and acceptable worldwide.

Please note that this is a paid service.

How Quickly Can You Get a Property Valuation Certificate?

Typically, you can receive your Property Valuation Certificate within one working day. However, it may sometimes take 2-3 days, depending on the scale and unique features of your property.

If your property has unique characteristics or special requirements, additional time may be needed for a thorough evaluation.

Property Assessment: All You Need to Know

A property surveyor will visit your site to check everything. They will examine the building’s location, design, interior and exterior, age, history, neighbourhood, nearby amenities, and floor plan. With all this information, they will create your Valuation Certificate.

With that, they discover every detail of your property within the provided document, highlighting essential features. Several factors determine the final property value to ensure an accurate result.

Schedule Your Property Valuation Now!

Ready to know your property’s true worth? Fill in the required fields to book your property valuation appointment. Next, the valuer will contact you shortly to schedule a convenient time.

Requirements for Obtaining a Property Valuation Certificate

You will need the following essential documents to apply for a property valuation certificate in Pakistan. Having these documents ready will ensure a seamless and efficient valuation process:

• CNIC Copy: Provide a copy of the CNIC (front and back) for the property owner and the applicant.
• Property Ownership Documents: Allotment, Registry, Fard, or Inteqal
• Passport: The first page of your passport, especially for visa purposes.
• Building Approvals: For a house or building, submit the approved building plan and any other necessary legal documents required by the local authorities. And any approved construction drawings, if available.
• Any Prior Valuation Reports: If the property has been valued, include previous reports for reference.

Here is the Proven Step-by-Step Guide to Obtaining a Property Valuation Report

Securing a Property Valuation Report is straightforward when you follow these steps. Let’s dive in:

What Are the Fees for Property Valuation?

The cost of property valuation varies based on several factors, including property type, location, and the complexity of the assessment. On average, valuation fees for small-scale residential properties in Pakistan range between Rs. 5,000 and Rs. 15,000. Conversely, the costs for commercial properties or high-value assets can range from Rs. 15,000 to Rs. 100,000.

Check with the valuer beforehand for an accurate estimate, as fees can vary based on the specifics of your property.

What Determines the Valuation Fee?

A commonly asked question is what factors influence the valuation fee:

Fee Payment

Several factors determine the valuation fee, including:

• Property Type: The fee varies based on whether you’re valuing residential, commercial, constructed, or agricultural land.
• Property Size: The fee is also influenced by the property’s size, location, and whether it is constructed or unbuilt.
• Location: The property’s location is crucial, as valuation charges vary based on its location. For properties in remote areas, expect extra expenses due to the surveyors’ travel costs.

Before proceeding with the valuation, clarify the purpose of the report. The service fee varies depending on whether the valuation is for a visa, bank loan, or another purpose.

Once you’ve agreed on the fee, pay to enable the valuer to start the process without delay.

✨Pro Tip: Ask the property valuer when you can expect to receive the valuation report.

How do valuers determine a Property’s worth?

Here are the three traditional methods of property valuation:

1. Income Approach: Estimates the value of a property based on its potential to generate income, such as rental yields or capitalisation rates.
2. Cost Approach: Calculates the value of a property by estimating the cost of replacing or reproducing it. 
3. Sales Comparison Approach: This approach determines the value of a property by comparing it to similar properties recently sold in the same market.

Discover Property Valuation Certificate Format

 A property valuation certificate (aka valuation report) includes details about the property, ownership, construction quality, fixtures, and age.

Here is the PVC format, which has detailed information on a property value certificate, encompassing:

Personal information:

• Owner’s Name and Other Particulars
• Applicant’s Name
• Valid CNIC
• Passport No. (If the property valuation certificate is for a Visa),
• Address

For Constructed Properties:

• Appearance
• Wear and Tear
• Condition
• Fitting & Fixtures
• Age of Property
• Location
• access to property
• Force Value
• Construction Quality
• What is on every side of the property?
• Access approaches the property

and many other features of properties need to be considered, etc.

For Non-Constructed Properties:

• Location
• Accessibility to Land/Plot
• Features (Corner/Non-Corner)
• Level/Depression
• Other features and amenities that the property might have

Valuations Analysis Details:

• Size of the land and building,
• Construction reasonable cost (if the property is a house or any construction)
• Final Market value
• Physical details on the construction and condition.

Wrapping It Up!

To summarise, we’ve covered how to get your property valuation certificate. This involves a detailed market analysis of an immovable property by a registered valuation company.

Follow the 3-step process mentioned above for a fast and smooth property evaluation.

For any queries, reach out to ICONS Valuation.

We hope you enjoyed our blog post on property valuation.

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FAQs

What is a property valuation report?

A property valuation report is a legitimate document that provides an assessment of a property’s worth, such as a house, apartment, or land, including its fair market value, location, size, and other relevant details.

Who does the FBR valuation of the property?

You may contact/consult a licensed lawyer or any other professional sales agent who guides you through the process. 

The Federal Board of Revenue and Excise offices in any location issue property valuation assessments. 

Here are the website links to find out the property valuation on Excise department websites:

Punjab: https://excise.punjab.gov.pk/

KPK: https://www.kpexcise.gov.pk/app/

Islamabad: https://islamabadexcise.gov.pk/

Sindh: https://excise.gos.pk/

Balochistan: https://pabalochistan.gov.pk/new/

Can I get a free valuation on my house?

You can get an assessment of your house through a real estate agent in Pakistan.

To obtain a property valuation for a house, you should contact a registered valuer. This is a paid service, whereas the assessment done by a real estate agent is free.

Who is a registered valuation surveyor?

A professional certified surveyor and licensed holder by the Government of Pakistan may conduct valuations of residential, commercial, or industrial properties.

How to get property valuation certificate for canadian visa?

To obtain a property valuation certificate for a Canadian visa, follow the steps outlined in this article. It can be used for a student visa (F1 visa), business visa, or a visa for the USA (The United States of America).

What is a valuation certificate?

A valuation certificate is a legitimate document that shows the fair market value, features, and other details of an asset being evaluated, produced for a specific purpose.

Can I get Property valuation certificate free of my property?

The answer to this question is straightforward: “No.” The valuation services are paid services for and provided by a professional valuer.

Which is the best valuation approach for residential property?

The market data approach, also known as the sales comparison method, is widely preferred. It estimates value by comparing the property to recently sold ones with similar characteristics.

What are the 3 appraisal methods?

Three globally accepted property valuation methods are the cost approach, sales comparison approach, and income approach. Depending on the property type, assessors may use one or more.

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