The Punjab government has set what is referred to as the District Collector (DC) rate, which serves as a minimum property price. This rate is applied in computing the taxes and duties relative to real estate sales and property appraisals.
The DC rate is set by the district collector or any other relevant authority to ensure that property transfers happen with proper documentation and that taxes are collected properly from every property holder. It also assists in combating tax evasion and under-assessment of property value.
The local government’s official site displays the DC rate list for large cities such as Lahore and Multan. It is also available at the District Collectorate, which always maintains records of the DC rates and can make the provision on request.
For information regarding property valuation, one can easily go to the Punjab government’s official e-stamping website. However, to discover the land rate, one would need to input information such as the type of land, its location, its classification, and the area, if required.
