- by: ICONS blog
- September 10, 2024
- Valuation
What is Property DC Valuation? Latest DC Rates 2024
The Definitive Guide to DC Valuation
Need to know the property DC valuation (DC rate list)?
Without a clear understanding of your property’s DC rates, you will not be able to find the exact amount you have to pay on account of taxes against a real estate transaction.
This is a complete guide to immovable DC value and how to determine the value of a property in any city in Pakistan today easily and fast. It helps you make informed decisions and maximize your investment.
In this blog post, you will explore:
- DC Valuation Explained
- How to Check DC Value
- Step 1: Use Official Calculator
- Step 2: Enter Details
- Step 3: Get Your Value
- Punjab e Stamp DC Valuation
- FBR Valuation Rates (DHA Rawalpindi)
- DC vs FBR Rates
Let’s dive in and explore the ins and outs of property DC evaluation together!
What is the DC Value of Property? (Explained)
The District Collector (DC) sets the property values. DC fix these based on several factors. These are the property’s location (such as district and tehsil), type (urban or rural), and classification (land use).
DC Rate, also known as the District Collector Rate, is a minimum value of property (raw land, off-road, on road, constructed such as flat, house etc) fixed by the government to determine taxes and stamp duties on properties in real estate.
You can easily access the DC rate list in major cities such as Islamabad, Lahore, Multan, and Karachi.
Why it matters?
The government introduced this policy to track property transactions. It helps calculate stamp duty, advance tax, and capital value tax (CVT).
The District Collector Rate, DC value, is an important parameter used by the government to determine the taxes and stamp duties applicable to a specific property in real estate.
It serves as a benchmark for calculating the minimum sale value of a property, ensuring that the government receives its due share of taxes and duties.
A question I get most often is:
Could we change the DC rate calculation of taxes or Are they fixed by Govt fixed?
That is, the DC rate is the minimum amount of money you are to pay. In other words, you cannot reduce this amount as it is the minimum threshold.
On the other hand, you can pay the increased amount up to the fair market value. But not more than that.
See Also: Here are the ICONS HowTo guides like how to get a Family Registration Certificate, hassle-free and fast.
How to Determine DC Value: A Step-by-Step Guide
Follow our simple, step-by-step online process to determine the DC Value of any property across Pakistan. Get accurate and up-to-date information in just a few clicks!
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Step 1: Use Official DC Value Calculator
Step No.1 is to go to the official DC rate calculator. For example, if you need to check out the raw land/plot/house/flat rate in the Punjab area. Here is the link.
2
Step 2: Enter Required Details
In step 2 you are to fill up the required details such as property in an urban or rural area.
With that, select District, Tehsil, Town City, Revenue Circle, floor, property area and land classification.
To show you what I mean:
Here is how you can get the DC value of a residential plot in the Airport Green Garden housing project in Rawalpindi (Punjab), you need to fill out the form as you see in the image below:
3
Step 3: Get Your Value
Finally, press the find value button to get the DC value of an area, With that, you will get the value of your desired location or Mouza. The found value would be per Marla whether it be residential or commercial.
For instance, to get a 5-Marla plot dc value, multiply the found value of 1-Marla by 5.
The following factors determine property DC value:
- Location
- Tehsil
- District
- City or town
- Revenue circle
- Floor
- Property type
Here is the best part. You can determine the DC rates of any scheme using the step-by-step process mentioned above such as the Defense Housing Authority (DHA) Rawalpindi, Bahria Town Rawalpindi, Karachi etc.
See Also: For housing schemes/societies in-depth area guides, look into the ICONS Area Guides like how to get FRC Nadra, hassle-free and fast.
Current DC Valuation of Properties in DHA Lahore
Are you looking to invest in a property in DHA Lahore? Here’s a helpful guide to get you started! The table below shows the current DC valuation rates for residential and commercial properties in different phases of DHA Lahore:
DHA Phases | Residential DC Rate (per Kanal) | Commercial DC Rate (Per Marla) |
Phase 1 | ₨ 20,000,000 | ₨ 4,000,000 |
Phase 2 | ₨ 20,000,000 | ₨ 4,000,000 |
Phase 3 | ₨ 24,000,000 | ₨ 3,800,000 |
Phase 4 | ₨ 17,000,000 | ₨ 4,600,000 |
Phase 5 | ₨ 22,000,000 | ₨ 3,700,000 |
Phase 6 | ₨ 15,000,000 | ₨ 3,100,000 |
Phase 7 | ₨ 9,000,000 | ₨ 2,300,000 |
Phase 8 | ₨ 11,000,000 | ₨ 2,000,000 |
Phase 9 | ₨ 6,000,000 | ₨ 835,000 |
Phase 10 | ₨ 3,000,000 | ₨ 640,000 |
Note: The rates are subject to change, and it’s always best to verify with the relevant authorities or a real estate expert for the most up-to-date information. The best way to verify the current DC rates is to follow the step-by-step process.
Punjab e stamp DC Valuation
E-stamp is a provincial tax levy in all provinces including Punjab Govt.
Almost every province has established their e-stamp verification system. Here is the Punjab e-stamp online verification interface.
Looking for more helpful tips? Check out our ICONS How-to Guides for easy-to-follow solutions to common problems. Learn how to master new skills today!
Latest FBR Property Valuation Rates
The below table has the DHA Rawalpindi Property Valuation residential and commercial rates:
Area | Residential DC Rate (Per Kanal) (PKR) | Commercial DC Rate (Per Marla) – PKR |
Phase 1 | 1,500,000 | 4,400,000 |
Phase 2 | 1,400,000 | 5,000,000 |
Phase 2 (Extension) | 400,000 | 1,300,000 |
Phase 3 | 600,000 | 1,300,000 |
Phase 4 | 400,000 | 1,300,000 |
Phase 5 | 800,000 | 1,300,000 |
DHA Valley | 250,000 | 575,000 |
DC vs FBR Rates
I get this question all the time.
What is the difference between DC Rates and FBR Rates?
The simple answer to this question is provincial governments calculate tax liabilities using the DC rate, while the federal government uses FBR valuation rates for taxes under its jurisdiction.
The table below highlights the differences between FBR and DC rates. These rates are for different phases of DHA Lahore:
DHA Phases | Residential DC Rate (per Kanal) | Residential FBR Rate (per Kanal) |
Phase 1 | ₨ 20,000,000 | ₨ 27,000,000 |
Phase 2 | ₨ 20,000,000 | ₨ 27,000,000 |
Phase 3 | ₨ 24,000,000 | ₨ 27,000,000 |
Phase 4 | ₨ 17,000,000 | ₨ 30,000,000 |
Phase 5 | ₨ 22,000,000 | ₨ 30,000,000 |
Phase 6 | ₨ 15,000,000 | ₨ 32,000,000 |
Phase 7 | ₨ 9,000,000 | ₨ 35,000,000 |
Phase 8 | ₨ 11,500,000 | ₨ 28,000,000 |
Phase 9 | ₨ 6,000,000 | ₨ 23,000,000 |
Phase 10 | ₨ 3,000,000 | ₨ 27,000,000 |
Looking for detailed information on different neighbourhoods? Visit our ICONS Area Guides for in-depth insights into amenities, lifestyle, and investment potential across various locations.
Key Takeaways:
- FBR rates are generally higher than DC rates
- Phase 7 has the largest disparity between FBR and DC rates
- Phase 10 has the lowest FBR rate among all phases
You are to understand the difference between FBR and DC property valuation rates. It can help you make informed decisions when buying or selling properties. Stay ahead of the game with this valuable insight!
Real estate transactions depend on four types of taxes: the provincial government collects “stamp duty” and “capital value tax”.
And, the federal government collects “capital gain tax” and “withholding or advance tax”.
That is, provincial governments use the DC rate to calculate tax liabilities. And, the federal government uses FBR valuation rates for taxes falling under jurisdiction.
FBR Property Valuation of Major Cities in Pakistan
The Federal Board of Revenue (FBR) started property valuations in urban centres. Since then, they have raised the valuation of the property three times. These changes were made in 2018, 2019, and, most recently, in December 2021.
Download FBR Rates for Major Cities in Pakistan
You can download the latest FBR rates for commercial and residential properties of major cities in Pakistan from the following links:
Wrap up
DC rates are required for property selling, buying and taxing purposes. It helps you determine the closing cost you are needed to pay to proceed.
FAQ (DC Valuation)
How to Calculate DC Value:
To calculate the DC value, also known as the Deputy Collector’s (DC) rate, follow these steps:
- Identify the location: Determine the property’s location, including the tehsil, district, city, town, and revenue circle.
- Consider property characteristics: select the property type and floor number (if applicable).
- Refer to provincial government rates: Check the current DC rates set by the provincial government for rural immovable properties.
- Calculate the DC value: Multiply the property’s value by the applicable DC rate (currently 3% in most provinces).
Example: If a property is valued at PKR 1,000,000 and the DC rate is 3%, the DC value would be PKR 30,000 (1,000,000 x 0.03).
What is the DC rate?
The DC rate, also known as the District Collector rate, is used by provincial governments to calculate stamp duty and Capital Value Tax (CVT) on property transactions.
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Here is the step-by-step process to get property DC Rate