Guide
Faisal Town Phase 2 Transfer: Procedure, Documents, Fees and Taxes
This guide covers transfers, documents and taxes. For how files and plot numbers work, see our open files and balloting guide.
Overview
Transferring a Faisal Town Phase 2 file or plot is three separate jobs. One is the developer's own process of moving the booking from the seller's name to yours. One is the tax that the Federal Board of Revenue (FBR) collects on the sale. And once a plot is registered, there's a provincial registration step. Buyers often assume one office handles all three, and it doesn't.
The developer publishes no transfer procedure and no fee schedule, so most of this guide tells you what to ask for. The tax rules are published, and they changed on 1 July 2026. For the scheme as a whole, see our Faisal Town Phase 2 guide.
A caution before the detail. The developer's own pages say the Phase 2 NOC is not yet approved by the Rawalpindi Development Authority (RDA). If you're comparing files before a transfer, the Faisal Town Phase 2 listings page shows what sellers are asking. Milkiyat isn't a tax adviser, so confirm the figures below with one before you pay.
The short answer
- The developer publishes no transfer form, fee, timeline or rules for Phase 2.
- Advance tax on the seller (section 236C) and the buyer (section 236K) was cut to flat rates from July 2026: 2.75% and 1.5%, according to FBR's budget summary.
- Capital gains tax falls on the seller's profit. We couldn't confirm any change for property in the 2026 Finance Act.
- Whether a transfer of an unregistered file is taxed in the same way isn't clear from what the developer or FBR has published.
Three kinds of transfer
| What you're transferring | Who processes it | What you end up with |
|---|---|---|
| An open file, with or without a plot number | The developer's office | The booking in your name |
| A plot with a number and an allotment letter | The developer's office | The allotment in your name |
| A registered plot | The sub-registrar, usually with the developer's no-objection | A registered sale deed |
The first two are handled by the developer, and its procedure and fees are its own. The third is a provincial registration, with stamp duty and registration fees set by the Punjab government. Which one applies depends on how far your plot has progressed. Our guide to open files, allocation and balloting explains what each stage means.
The developer's side: what's published and what to ask for
The developer's main page and block pages say nothing about transfers, transfer fees, nominee changes or dues clearance. We found no transfer form and no fee schedule. So don't rely on a number a dealer gives you. Ask the sales office, in writing, for:
- The transfer application form and the full list of documents it needs.
- The transfer fee, in rupees, and what it covers.
- A no-dues confirmation for the file.
- How long a transfer takes, and what the buyer receives at the end.
- Whether a change of nominee is part of the transfer.
If the developer won't answer in writing, treat that as a sign about the file, not just an inconvenience.
Documents you're likely to need
The developer hasn't published its list, so this is a general checklist. Confirm every item with the sales office.
From the seller:
- The original file or allotment letter
- All payment receipts, in the company's name
- CNIC copy and the original CNIC for verification
- A signed transfer application, and any affidavit or undertaking the developer asks for
- A no-dues confirmation from the developer
From the buyer:
- CNIC copy (NICOP for overseas buyers)
- Passport-size photographs
- CNIC copy of your nominee
- Proof of payment of the taxes below, where they apply
At booking, the developer asks for CNIC copies of the applicant and the nominee, a passport-size photograph and proof of payment. Expect a transfer to ask for something similar.
The taxes
Three taxes matter when a property changes hands, and each falls on a different person.
| Tax | Who pays | What it's charged on | Rate from 1 July 2026 |
|---|---|---|---|
| Advance tax, section 236C | Seller | Gross sale price | 2.75% flat |
| Advance tax, section 236K | Buyer | Fair market value | 1.5% flat |
| Capital gains tax | Seller | The profit on the sale | See below |
The 236C and 236K rates come from FBR's Budget 2026-27 summary, which says the earlier ranges were converted into lower flat rates of 2.75% and 1.5%. One FBR circular on the Finance Act 2026 is hard to read on the 236K figure, so check it against the Act itself. The circular also says the higher rates for late filers have been abolished, but it doesn't say how non-filers are treated for property. Confirm that before you transact.
The same budget omitted section 7E, which taxed deemed income from capital assets.
What the old rates were
Until June 2026, the rates depended on your status and the value of the property. FBR's FAQ, written after the Finance Act 2025, lists them:
| Value | 236K buyer: filer | Late filer | Non-filer | 236C seller: filer | Late filer | Non-filer |
|---|---|---|---|---|---|---|
| Up to PKR 50 million | 1.5% | 4.5% | 10.5% | 4.5% | 7.5% | 11.5% |
| PKR 50 to 100 million | 2% | 5.5% | 14.5% | 5% | 8.5% | 11.5% |
| Above PKR 100 million | 2.5% | 6.5% | 18.5% | 5.5% | 9.5% | 11.5% |
These are the pre-July 2026 rates, shown for comparison. Don't apply them to a transfer today.
Milkiyat.com finding: what the tax change saves on a typical file
Take a 5.56-marla plot at the developer's lump-sum price of PKR 27.90 lac, and assume that price is also the fair market value. At the new flat rates:
- Seller's 236C: 2.75% of PKR 27.90 lac is PKR 76,725.
- Buyer's 236K: 1.5% of PKR 27.90 lac is PKR 41,850.
- Together, PKR 118,575, or 4.25% of the price.
At the old filer rates for a property under PKR 50 million, 4.5% plus 1.5% is 6%, or PKR 167,400. The change saves about PKR 48,800, or 1.75 points. On a 1-kanal plot at PKR 81.20 lac, the new rates give PKR 345,100 against PKR 487,200 under the old filer rates, a saving of about PKR 142,100.
These are examples using the developer's price as a stand-in. They assume filer status and leave out capital gains tax. Your own figures will depend on the actual price and valuation.
Capital gains tax
Capital gains tax (CGT) is charged on the seller's profit, not the price. For property acquired on or after 1 July 2024, Business Recorder reported in July 2024 that the holding-period rules no longer apply, and that gains are taxed at 15% for sellers on the Active Taxpayers List, with a rate of at least 15% for individuals who aren't. For property acquired earlier, the older holding-period rules still apply.
We couldn't confirm any change to those property rules in the Finance Act 2026, and the parts of FBR's circular we could read don't mention one. A May 2026 report said the government was pursuing cuts in capital gains tax on property, but gave no figures. Get the current CGT rule from FBR or a tax adviser before you sell, especially if you bought before July 2024.
Rawalpindi valuations
Fair market value, not just the price you agree, can set the tax. A May 2026 Business Recorder report said FBR cut the valuation of immovable property by 30 to 35 percent in Rawalpindi, Islamabad and several other cities from 22 April 2026. Valuations change, so check the current FBR and district rates for Rawalpindi before you estimate the tax.
Overseas buyers
FBR's FAQ says a non-filer can pay the filer rate if they hold a POC or NICOP and are non-resident, meaning they spend fewer than 183 days in Pakistan in a financial year. The process starts with the registering authority, registrar or housing society, which creates a payment slip ID on FBR's portal. The buyer then declares their POC or NICOP, uploads a copy and waits for the Commissioner's approval. The FAQ isn't dated and predates the 2026 budget, so check that it still applies.
Are file transfers taxed the same way?
That's the unanswered question. In May 2023, Business Recorder reported that FBR and the provinces planned to document plot-file trading in new housing societies from 1 July 2023, because file trading often went untaxed. We can't confirm how that plan ended up, and the developer says nothing about it. Whether you pay 236C, 236K or CGT on an unregistered file may depend on how the developer records the transfer. Ask the sales office what it reports, and ask a tax adviser how the file should be treated.
A transfer, step by step
- Verify the file and the scheme first. Our Faisal Town Phase 2 NOC guide explains what is and isn't approved.
- Agree the price and put it in a written agreement.
- Get the developer's no-dues confirmation and its transfer form.
- Work out the taxes with an adviser, and pay them through FBR's official channels if they apply.
- Submit the transfer application, documents and fee to the developer's office.
- Collect the transfer confirmation and the updated file in your name.
- Keep every receipt, challan and letter.
Red flags
- The seller offers a transfer "without paperwork" or "at the old rate".
- The developer can't confirm the file is valid and has no dues.
- You're asked to pay the transfer fee to a dealer's personal account.
- The sale price on the papers is far below the price you paid.
- The seller can't produce the original file or receipts.
- Nobody will say who pays the taxes.
FAQs
How do I transfer a Faisal Town Phase 2 file?
The developer publishes no procedure. Ask the sales office, in writing, for its transfer form, documents list, fee and timeline, plus a no-dues confirmation for the file.
What is the transfer fee for Faisal Town Phase 2?
The developer hasn't published one. Ask for the figure in writing and ignore any number a dealer quotes you.
What are 236C and 236K?
Section 236C is advance tax on the seller of immovable property. Section 236K is advance tax on the buyer. FBR's Budget 2026-27 summary says both were converted to flat rates, 2.75% and 1.5%, from July 2026.
Who pays capital gains tax on a plot?
The seller, on the profit. For property acquired on or after 1 July 2024, the last reported rate for filers was 15%, with no holding period. Confirm the current rule before you sell.
Do I pay tax when I transfer an open file?
It isn't clear. The developer doesn't say how it records file transfers, and we couldn't confirm how FBR treats them. Ask the developer and a tax adviser.
Are overseas Pakistanis taxed at the filer rate?
FBR's FAQ says non-resident holders of a POC or NICOP can pay the filer rate through an FBR process. Check that it still applies.
Is a Faisal Town Phase 2 file safe to transfer?
Not on the evidence Milkiyat can verify. The developer's own pages say the Phase 2 NOC is not yet approved, so a later sale or transfer could be contested. Check RDA's live record first.