Question 1

What documents are required to buy a property in Islamabad?

Accepted Answer

You need: (1) CDA Approval letter / NOC, (2) Title Deed / Allotment Letter, (3) Tax Clearance Certificate, (4) CNIC copies of buyer & seller, (5) Signed Sale Agreement (Bayana), (6) Witness identification. Always verify with a property lawyer.

Question 2

What is the transfer process at CDA?

Accepted Answer

Visit CDA Transfer Office with original documents, CNIC copies, sale agreement, and witnesses. Pay Stamp Duty (3%), CVT (2%), and Registration Fee (1%). Transfer is processed within 3-7 working days.

Question 3

How can overseas Pakistanis buy property in Pakistan?

Accepted Answer

NRPs can buy through a Special Power of Attorney (SPA). The SPA must be signed in your country of residence, attested by the Pakistani Embassy, then verified at Pakistan's Ministry of Foreign Affairs. Use Roshan Digital Account for fund transfer.

Question 4

What is Bayana / Sale Agreement?

Accepted Answer

Bayana is a legally binding sale agreement. It must clearly state: total price, payment schedule with dates, possession date, penalties for default, and both party signatures with witnesses. Never sign without reading carefully.

Question 5

How to check if a housing scheme is CDA approved?

Accepted Answer

Visit CDA official website (cda.gov.pk) or their office directly. Ask for the NOC / Approval letter in writing. You can also verify through the Sub-Registrar office. Never rely on verbal assurances or brochures alone.

Question 6

What taxes apply when selling a property?

Accepted Answer

Capital Gains Tax (CGT) applies on profit: 15% for filers, 20% for non-filers. Withholding Tax on sale value also applies. Hold time and property type affect CGT rates. Consult an FBR-registered tax advisor.

Question 7

What is a Fard / Jamabandi?

Accepted Answer

Fard is a land record document issued by the Patwari confirming ownership. In CDA areas, it's replaced by the CDA Allotment Letter. Always verify the latest Fard before any transaction.

Question 8

Can a non-Pakistani buy property in Pakistan?

Accepted Answer

Foreign nationals with Pakistani origin (Overseas Pakistani) can buy property. Non-Pakistani foreigners need approval from the Board of Investment (BOI). Always consult a lawyer for specific cases.

Tools

EMI / Mortgage