LAHORE HI Ill £1
Government of Pakistan Revenue Division Federal Board of Revenue ***** Islamabad, the 23rd July, 2019. NOTIFICATION (Income Tax) S.R.O. 9^ (I)/2019.- In exercise of the powers conferred by sub-section (4) of section 68 of the Income Tax Ordinance, 2001 (XLIX of 2001) and in supersession of its Notification No. S.R.O. 121(I)/2019 dated the Is' February, 2019, the Federal Board of Revenue is pleased to notify the value of immoveable properties in columns (3) and (4) of the Table below in respect of areas or categories of Lahore specified in column (2) thereof. (2) The value for residential and commercial superstructure shall be — (a) Rs.1500 per square foot if the superstructure is upto five years old; and (b) Rs.1000 per square foot if the superstructure is more than five years old. (3) In order to determine the value of constructed property, the value of open plot shall be added to the value worked out at sub-paragraph (2) above. (4) This notification shall come into force with effect from 24th July, 2019. LAHORE .-r* ALLAMA IQBAL TOWN S. Area Value of Residential Value of No property per maria Commercial (in Rs.) property per maria (in Rs.) HI ill £1 (41 1 ABDALIAN COOP SOCIETY 852,720 1,309,000 2 ABADI MUSALA MOUZA MUSALA 244,200 447,120 3 ABID GARDEN ABADI MUSALA 332,970 804,540 4 ADJOINING CANAL BANK ALL 564,960 1,331,000 SOCIETY MOUZA KANJARAN 5 ADJOINING CANAL BANK ALL 746,900 1,326,380 SOCIETY MOUZA IN SHAHPUR KHANPUR 6 AGRICHES COOP SOCIETY 570,900 1,039,500 7 AHBAB COLONY 392,610262,680 8 AHMAD SCHEME NIAZ BAIG 390,443 800,228
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