10/23/24, 12:46 PM Punjab Property Tax | Buy and Purchase Land, Year 2024-2025

Land Buying and Selling Taxes in Punjab for

the Fiscal Year 2024-2025

The Government of Punjab has announced the tax rates for land transactions for the fiscal year 2024-
2025. Understanding these rates is crucial for buyers, sellers, and property developers in the region.
Here’s a detailed breakdown of the applicable taxes:

1. Inheritance and Partition:

A 1% tax is applied on the transfer of property through inheritance or partition.

2. Property Transfer via Gift:

A 3% tax is levied on property transfers made through gifts.

3. Inherited Property:

The tax rate is 1% on inherited property.

4. Tax on Property Value (Section 236K):

Depending on the property type, the tax varies:

3% for general property, 6% for canal or national defense, 7% for commercial, 3.5% for
commercial plots or office spaces, 10% for canal or national defense, 8% for commercial,
and 20% for commercial plots or office spaces.
5. Tax on Sales (Section 236C):

Similar to Section 236K, the tax rate varies by property type.

6. Transfer of Land:

A fee of Rs. 500 or 2% of the declared value applies.

7. Certified Copies:

The fee for certified copies is Rs. 300.

8. Fee Copies:

Rs. 200 is charged for fee copies.

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‫‪9. New Copy:‬‬

‫‪Rs. 100 is charged for a new copy of documents.‬‬

‫‪10. Old Copy:‬‬

‫‪The fee for an old copy is Rs. 5000.‬‬

‫‪11. Foreign Communications:‬‬

‫‪A fee of Rs. 3000 plus applicable taxes applies.‬‬

‫‪12. Document Fees:‬‬

‫‪2% plus applicable taxes.‬‬

‫‪13. Registration Fees:‬‬

‫‪Rs. 1000/500 depending on the document.‬‬

‫‪14. Advance Tax:‬‬

‫‪Rs. 3000 or 0.1% of the registration value.‬‬

‫‪15. Development Charges (Seller):‬‬

‫‪A 1% charge applies.‬‬

‫‪16. Development Charges (Buyer):‬‬

‫‪Rs. 1000/500 depending on the property‬‬

‫نمبر‬
‫نام عمل‬ ‫فیس‬
‫شمار‬

‫صوبائی درجائی رستہ‬

‫‪1‬‬ ‫‪1%‬‬
‫یا وراثتی تقسیم‬

‫ہبہ کے ذریعہ جائیداد‬

‫‪2‬‬ ‫‪3%‬‬
‫کا انتقال‬

‫‪3‬‬ ‫مورث کی جائیداد پر‬ ‫‪1%‬‬

‫یا (‪ %6‬کینال یا نیشنل ڈیفنس) یا (‪ %7‬کمرشل) یا (‪%) %3.5‬جائیداد کی قیمت کا ‪(3‬‬

‫ٹیکس شامل ‪236K‬‬
‫‪4‬‬ ‫کمرشل پالٹ یا آفس اسپیس) یا (‪ %10‬کینال یا نیشنل ڈیفنس) یا (‪ %8‬کمرشل) یا (‪%20‬‬
‫قیمت پر‬
‫کمرشل پالٹ یا آفس اسپیس)‬

‫یا (‪ %6‬کینال یا نیشنل ڈیفنس) یا (‪ %7‬کمرشل) یا (‪%) %3.5‬جائیداد کی قیمت کا ‪(3‬‬

‫ٹیکس (شامل ‪236C‬‬
‫‪5‬‬ ‫کمرشل پالٹ یا آفس اسپیس) یا (‪ %10‬کینال یا نیشنل ڈیفنس) یا (‪ %8‬کمرشل) یا (‪%20‬‬
‫قیمت)‬
‫کمرشل پالٹ یا آفس اسپیس)‬

‫‪6‬‬ ‫زمین کی نقل مکان‬ ‫روپے‪ %2/‬جمع کرائی گئی قیمت یا فیس ‪500‬‬

‫‪7‬‬ ‫تصدیق شدہ کاپی‬ ‫روپے ‪300‬‬

‫‪8‬‬ ‫فیس کاپیاں‬ ‫روپے ‪200‬‬

‫‪9‬‬ ‫نئی کاپی‬ ‫روپے ‪100‬‬

‫‪10‬‬ ‫پرانی کاپی‬ ‫روپے ‪5000‬‬

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11 )‫غیرملکی (اتصاالت‬ 3000 ‫بمعہ الگو ٹیکس‬/‫روپے‬

12 ‫دستاویزات کی فیس‬ 2% ‫بمعہ الگو ٹیکس‬

13 ‫رجسٹریشن فیس‬ 1000/500 ‫روپے‬

14 ‫ایڈوانس ٹیکس‬ 3000/- 0.1% ‫بمعہ رجسٹریشن‬

‫ترقیاتی چارجز (بیچنے‬

15 1%
)‫والے کے ذریعہ‬

‫ترقیاتی چارجز‬
16 1000/500 ‫روپے‬
)‫(خریدار کے ذریعہ‬

‫رہن شدہ جائیداد کی نقل‬

17 ‫نامزد شدہ جائیداد کی فیس‬
‫مکان‬

18 ‫قرض کا تبادلہ‬ (‫ بمعہ الگو ٹیکس )رینٹ ڈیڈ‬%3

19 ‫کرایہ کا معاہدہ‬ 3.25% ‫بمعہ الگو ٹیکس‬

1. Mortgage Transfer:

Fees depend on the nominated property.

2. Debt Transfer:

3% plus applicable taxes (Rent Deed).

3. Rental Agreement:

A 3.25% tax plus applicable charges.

These rates are applicable for the fiscal year 2024-2025 and are subject to change as per government
regulations. For detailed guidance and assistance, you can contact our team at Gondal Group of
Marketing.

New Taxes on Land Purchase and Sale in Punjab

The Punjab government has introduced new taxes on the purchase and sale of property in the recently
presented budget for the fiscal year 2024-25. The new tax rates are expected to have a significant
impact on the property market in Punjab.

Key Points

Filers will now face a 15% capital gains tax rate on the purchase and sale of property.
Non-filers will be taxed at a rate of 45% on the purchase and sale of property.
A 1% advance tax will be payable on the purchase of property by filers.
A 3% advance tax will be payable on the purchase of property by non-filers.
The new tax rates are expected to increase the tax revenue generated from the sale of property,
reduce the demand for property from non-filers, and encourage filers to sell their properties.

Impact on the Property Market

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10/23/24, 12:46 PM Punjab Property Tax | Buy and Purchase Land, Year 2024-2025
The new tax rates are likely to have a mixed impact on the property market in Punjab. Filers are likely to
be incentivized to sell their properties, as they will now face a lower capital gains tax rate. Non-filers, on
the other hand, are likely to be discouraged from buying property, as they will now face a much higher
capital gains tax rate.

Overall, the new tax rates are expected to:

Lead to a decline in property prices

Reduce the overall volume of property transactions
Increase the demand for rental properties

Recommendations for Buyers and Sellers

If you are planning to buy or sell property in Punjab, you should be aware of the new tax rates. Here are
some recommendations for buyers and sellers:

Buyers:

Consider buying property from a filer, as you will be able to claim a lower capital gains tax rate.
Negotiate the price of the property to take into account the new tax rates.
Consider buying property in a non-municipal area to avoid municipal tax.

Sellers:

Consider selling your property to a filer to avoid the higher capital gains tax rate for non-filers.
Time your sale to take advantage of any market fluctuations.
Consider hiring a tax advisor to help you understand the new tax

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