In this latest update, we will cover the recent announcement by Bahria Town Management. Bahria Town Lahore has announced a 20% increase in transfer charges for both commercial and residential projects.
Those who are regularly following our blogs or keep themselves updated with our latest YouTube videos will remember that recently the Bahria Town Management has also increased the Possession and Utility Charges. And now based on the current market situation they have decided to increase the transfer charges as well.
Notice issued by Bahria Town Management:
Bahria Town Management hereby informs all members that the transfer fee of all commercial and residential plots and plazas will be increased by 20% from Monday 17th October 2022. Transfer papers will commence from the said date with extended free of charge.
Any questions, contact us on WhatsApp for prompt response.
A 5-marla plot on which you previously used to pay a transfer fee of 93,600 is now 18,700 extra with a 20% increase, making you pay a total of 112,300. Details of the new transfer charges along with possession and utility fees are given below.
| Pay Head | 5-Marla | 8-Marla | 10-Marla |
|---|---|---|---|
| Transfer Fee | 93,600 | 465,600 | 208,800 |
| Possession | 122,400 | 194,400 | 237,600 |
| Utilities | 122,400 | 208,800 | 280,200 |
| Total | 333,400 | 568,800 | 726,600 |
What is Transfer Fee
Whenever someone wants to sell or buy a plot, a transfer protocol is required along with the transfer fee known as buyer’s liability. This fee is a necessary and legal requirement for property registration and is required for both residential and commercial properties.
Final Thoughts
Investors or end-users looking to sell or buy plots were already in a kind of holding position due to the imposition of taxes and new occupancy and utility charges. And with the increase in the transfer charges, there is no doubt that there will be a negative impact on the market. But based on the previous statistics it is observed that despite all the new charges, customers still choose to trade well in the plots of Bahria Town because of its reputation, international facilities, and quality living.
CDB Properties will recommend its clients who wish to sell their plots not sell them now so that they do not miss out on any profit or gain. Whereas the clients who have a buying capacity should note that it is best to buy plots for residential as well as future investment purposes. Because in a slow market you can expect to get good rates.
Contact CDB Properties for more information on this topic or to book a plot in Bahria Town. We are authorized dealers who can help you make a wise decision.
Email: [email protected]
Contact : 03331115100
Contact : 03331115200
Any questions, contact us on WhatsApp for prompt response.
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