Lahore Real Estate Forum

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(43711)
Tuesday, July 13, 2010 02:31 PM PST 
10 Marla Plot for Sale in only Rs.15 Lac

I want to sale my 10 Marla Plot situated on Misriyal Road, near Marble Factory on 40 feet Street attached with ST John's School & College with 50feet front. Demand per marla iz Rs.1,50000, which total comes to 15,00000/-.It takes only 10 minutes from Chur Chowk Peshawar Road.
Shafaqat Hussain Cell No.
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(43707)
Monday, July 12, 2010 06:32 PM PST 
Rates for property valuation revised up in Sindh

KARACHI: The Sindh Board of Revenue has increased valuation rates by 200 per cent per sq yard for properties (houses, plots) in posh areas, 150 per cent for units in upper middle class areas, 100 per cent for units in lower middle class and 50 per cent for units in localities inhibited by the poor segment.

The rates were announced in a new valuation table for properties issued under the Stamp Act, 1899 which has come into effect from July 2, 2010.

For valuation purpose properties have been divided into six categories from A-1 for posh areas like Clifton and Defence to category V1, which covers areas like Surjani Town, Qasba, Metrovile etc. The valuation rates for properties in Clifton and Defence area have been raised by 200 per cent per sq yard, 150 per cent for units in Artillery, Burns Road and Gulshan-e-Iqbal, 100 per cent for units in Gulistan Jauhar, F B Area and North Nazimabad and 50 per cent per sq yard for properties in suburb areas.

In the interior areas of the province the valuation rates for units situated in major towns like Hyderabad, Sukkur, Mirpurkhas, Nawabshah, and Larkana have been raised by 100 per cent, while for smaller towns there is an increase of 50 per cent.

According to the valuation table rate of residential plots lying in A-1 category is Rs14,850 per sq yard, commercial plot Rs34,500 per sq yard, and industrial plots RsRs2,200.

For built-up residential plots the rate is Rs23,100 per sq yard, built up commercial plot Rs41,400 and industrial units Rs386 per sq yard. For a built up flat the rate is Rs2,475 per sq foot for category A-1, while Rs125 for flats lying in the poor category.

Acting Chief Inspector of Stamps Ijaz Qureshi told Dawn on Wednesday that the valuation rates had been revised after four years, but they were still far below the prevailing market rates.

Citing examples, he said, the market value of a 1,000-yard bungalow in Clifton is Rs45-50 million whereas the value of the same house in the new table is Rs23 million.

Similarly, the market value of 400-yard bungalow in Gulshan-e-Iqbal is over Rs10 million but in the table its value has been fixed at Rs3 million. In Korangi the value of a plot of 60-yard is Rs0.7 million against only Rs60,000 fixed in the table.

The owners registering their property on sale or purchase will have to pay stamp duty and other taxes calculated on the minimum value of the unit mentioned in the table.

Ijaz pointed out that the registration of properties had come to a standstill due to high rates of taxes which eroded revenue from stamp duty and other taxes. However, in the new budget stamp duty rate had been cut from 3 per cent to 2 per cent and capital value tax (CVT) from 4 to 2 per cent.

Increase in valuation of properties would be compensated by cut in tax rates, he claimed.

The stamp duty collection declined drastically during last fiscal year due to high rates. The directorate collected only Rs3,072 million against the target of Rs6,000 million in 2009-10.

Meanwhile, United Defence Clifton Estate Agents Association Chairman Raja Mazhar criticised the 200 per cent raise in valuation rates for properties by the Sindh government and said it would badly damage the real estate business.

He said that the Sindh Board of Revenue had been sleeping on the valuation table and issued a new table after five years raising the rates abnormally. He said that the valuation rates should have been increased by 50 per cent this year followed by 10 per cent every year.

IRFAN ;YOUSUF replied on Thursday, July 15, 2010 08:15 PM PST 

THANKS FOR INFORAMTON,

THIS IS NOT FAIR . COMPELTELY FAIL PPP GOVERNMENT THEY DONT KNOW
HOW MANAGE AND RUN THE RULES AND REGULATION. IN LAW 200 PCT INCREASING , IMPOSSIBLE. KINDLY HELP US FOR ALLAH.

I NEED YOUR ORGANISATION INTERRUP AND ROLPLAY FOR HUGE VALUATION
RATES.

REGDS
IRFAN

m.irfan siddiqui replied on Wednesday, February 15, 2012 04:06 PM PST 

kindly enclose me area wise crrent valuation of land and the taxe rate
thankyou
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(43706)
Monday, July 12, 2010 06:05 PM PST 
commercial single storey building at the heart of sadar cantt

Ad Type
City
Scheme
Phase
Block
Plot
Size
Road
Demand(Rs)
For Sale
lahore
sadar cantt
-
-
-
600 sqft
80ft
4 crore
This is the cheapest property at the heart of sadar cantt lahore with the best location and the appropriate whereabout for any kind of the business,for instance food chain restaurant,classy workshop,brand store and even a shoeroom would serve the purpose,
souble facing,around 40feet front,ample parking and lots more.
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(43705)
Monday, July 12, 2010 05:11 PM PST 
Demarcation @ Fazaia Housing Scheme Lahore

Ad Type
City
Scheme
Phase
Block
Plot
Size
Road
Features
For Sale
Lahore
Fazaia Housing Scheme
A
G
Corner
10 M
Raiwind RD
FACING PARK
Dear Members,

I need help. I know this is an ordinary question but for a new buyer or a new builder, it usually require handsome opinions from others.

As I was going through the forums, I found the statement that at FAZAIA HOUSING SCHEME LAHORE, once you submit the map for approval, then you can get possession straight away as soon as the map is passed. If it is so, I would like to tell here that I have a plot measuring 10 marla, corner facing park in G block, and wanted to construct a single story house asap.

Please share some thing regarding Fazaia Housing Scheme Construction by-laws.

1) I just know my plot size i.e. 250 sq.yard
2) Nothing is written on the allotment letter e.g front size, or real plot size. just it is shown all dues clear and I am given with the instructions that PKR 1000 should be paid for Demarcation. and thereafter PKR 500 for every new demarcation charges.
3) If I pay the demarcation fees, would i get the real size of my plot. or 250 square yard(10 marla)means 250 sq.yard?
4) Is there anything like the corner plot has one marla extra?

If anyone has such experience or if anyone here is reading this thread and working on the same issue at FAZAIA Housing Scheme Lahore, please I would really appreciate your help in this matter.

Looking forward for sincere, brotherly, advise from experienced members. Many Thanks. Allah Bless you all

shakeel butt replied on Monday, July 12, 2010 05:15 PM PST 

please this is not for sale. I just need some information please

Habib replied on Monday, July 12, 2010 05:21 PM PST 

yes you should get demarkation, It will tell you exact
location and dimentions of plot, with Long Bricks called "burjees".

shakeel butt replied on Monday, July 12, 2010 05:47 PM PST 

Dear Mr. Habib,
Thanks for the information.
could you please tell me what exactly long bricks "burjees" stands for.

shakeel butt replied on Monday, July 12, 2010 05:49 PM PST 

Also looking for question # 4. kindly express your views

Habib replied on Monday, July 12, 2010 06:59 PM PST 

@ no 4 no there is no extra land but you have to pay 10% More for corner and Main Bluv Plots

shakeel butt replied on Monday, July 12, 2010 07:14 PM PST 

Got that answer. Thanks bro
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(43704)
Monday, July 12, 2010 05:08 PM PST 
Plots for sale in Elite Town, Lahore

Ad Type
City
Scheme
Phase
Block
Plot
Size
For Sale
Lahore
Elite Town
1
B
27/28
10 M
Pair of 10 Marla plots in Elite Town, Phase-1, Block-B available for immediate sale. Plots are located on the back of main Ferozpur road.
The demand of both plots is = Rs. 1.7 Million.
Please contact direcly with owner.

Ahmad -
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(43701)
Monday, July 12, 2010 02:36 PM PST 
Bharia Orchard Eastern Regin Near Entrance Gate

Hello Brothers,

Please, Any one can update the status of Bharia Orchard Eastern Regin near entrance gate, I have one plot there.

Is there any future Bharia Orchard for residence & sale point of view? Or just waste of money .

If yes how much time to develop?


Waiting for remarkable comments

Thanks all of you.

Londen & Lahore replied on Monday, July 12, 2010 04:54 PM PST 

Greetings,

I think all my brothers are busy now a days, My brother put some comments.

Thanks

nasir1 replied on Monday, July 12, 2010 05:53 PM PST 

I will be visiting it end of this week, so can put some pictures. if you leave ur email. regards.

Londen & Lahore replied on Monday, July 12, 2010 06:26 PM PST 

Greetings,

Thanks Mr. Nasir for your kind favor.

My mail is:

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(43700)
Monday, July 12, 2010 02:12 PM PST 
8-Marla Plot in DHA (Rahbar)

Ad Type
City
Scheme
Phase
Block
Size
Wanted
Lahore
DHA (RAHBAR)
I
A
8-MARLA
I WANT TO PURCHASE A 8-MARLA PLOT IN DHA RAHBAR IN A-BLOCK, GIVE ME THE PRICE IN DHA RAHBAR.

ASIF
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(43698)
Monday, July 12, 2010 02:13 AM PST 

DHAI Ph 2 Block G,1K plot for sale
For Sale Islamabad DHAI 2 G,St 18/ 4 500yds 5lacs
Hello every one I want to sell my above referred plot.Interested parties may contact on this no please.

aly replied on Monday, July 12, 2010 02:15 AM PST 

demand 55 lacs
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(43697)
Monday, July 12, 2010 01:54 AM PST 
Plot in chinar bagh

Ad Type
City
Scheme
Phase
Block
Plot
Cur. Rate
Lahore
Chinar Bagh
any
any
10 Marla
I want to buy a plot in chinar bagh. kinldy updat rates and suggest any other better location for construct the house in 3 to 4 years
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(43696)
Sunday, July 11, 2010 10:20 PM PST 

Dear CMY,

Can you please tell me what are the construction charges for 1 kanal plot in DHA 6/7 payable to DHA before starting construction.
I understand Bahria Lahore charges 4 lacs as construction charges for 1 kanal as utility charges payable to Bahria..is this figure correct?
Kindly give a breakup of charges payable to Bahria and DHA at the commencement of construction.
Many Thanks.
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(43693)
Sunday, July 11, 2010 03:56 PM PST 
Best and safe place in Lahore

I want to ask friends on this web site , which society is the best in terms of both investment / home construction in the budget of 40 lac [only for 1 kanal land].
Bahria / Sukhchain / Nespak / Valencia / Wapda.
As I am new in this sort of sale and purchase, I want to know what is the legal status of the file of society. e.g If I purchase a plot in Bahria, I will get registered in the Bahria town society. But I wont have any record in the goverment of Pakistan. If some how , Bahria runs away, what will happen to my investment. You guys may think that this is a foolish question but as a new entry in this sale, I have a doubt. and u know, investment of plot is a heavy investment so no body wants to get is wasted.

amjad replied on Sunday, July 11, 2010 06:39 PM PST 

Some private Builders are Lunching a Project with the name of KURI MODEL VILLAGE . Its
location is opposite to Chak Shehzad.Recent price is Rs 1000000 for 08 marla plot. First booking is 350000 and remaining on the plot allotment from CDA. Does anyone have any information about this project,if so,please comment on its porspects

I would be greatful to the responders

Faqeer replied on Tuesday, July 13, 2010 01:13 PM PST 

Thanks a lot both the brothers [ASK and Habib]
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(43692)
Sunday, July 11, 2010 12:42 PM PST 
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