Central Park Housing Scheme Lahore – Transfer Expenses, Death Case & Tax Guide (2024 Complete Details)
If you’re planning to buy, sell, or transfer property in Central Park Housing Scheme Ferozepur Road Lahore, understanding transfer charges, FBR taxes, DC rates, and death case procedures is absolutely essential. One small miscalculation can cost you lakhs.
In this detailed guide article , we’ll break down:
• ✅ DC Rate per marla
• ✅ FBR Rate per marla
• ✅ Transfer fees (Residential & Commercial)
• ✅ Filer vs Non-Filer tax comparison
• ✅ Death case transfer procedure
• ✅ CGT (Capital Gain Tax) details
• ✅ Development & Malba charges
• ✅ Frequently Asked Questions
This guide is updated according to January 2024 transfer expense structure.
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📍 About Central Park Housing Scheme Lahore
Central Park Housing Scheme is a well-developed residential and commercial society located on Ferozepur Road Lahore, offering:
• Residential plots (2 Marla, 4 Marla, 8 Marla)
• Constructed houses
• Commercial plots & plazas
• Parks, masjid, commercial markets
• Secure gated community
Its prime location near Ring Road and metro access makes it attractive for investors and end-users.
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💰 DC Rate & FBR Rate Per Marla (2024)
| Category | DC Rate Per Marla | FBR Rate Per Marla |
| 2 Marla | Rs. 1,126,250 | Rs. 1,242,634 |
👉 Taxes are calculated based on whichever value is higher between DC Rate and declared value.
🏠 Residential Transfer Charges (2024)
🔹 2 Marla Residential Plot
- Documentation Fee: Rs. 72,000
- Joining Fee: Rs. 110,000
- Sports Fund: Rs. 25,000
- Masjid Fund: Rs. 15,000
- Stamp Duty (1%)
- Corporation + Verification (1%)
- FBR 236K (3% Filer / 10.5% Non-Filer)
- FBR 236C (3% Filer / 6% Non-Filer)
- Service Charges
- Property Tax
- Development Charges (if applicable)
🔹 4 Marla Residential Plot
- Documentation Fee: Rs. 180,000
- Joining Fee: Rs. 25,000
- Sports Fund: Rs. 5,000
- Masjid Fund: Rs. 5,000
- FBR 236K (3% / 10.5%)
- FBR 236C (3% / 6%)
- Corporation & Stamp Duties
- Service Charges
Estimated Grand Total (Filer): Around Rs. 461,216+
Non-Filer: Significantly higher due to 10.5% tax
🔹 8 Marla Residential Plot
- Documentation Fee: Rs. 360,000
- Joining Fee: Rs. 25,000
- Sports Fund: Rs. 5,000
- Masjid Fund: Rs. 5,000
- FBR Taxes Applicable
- Development Charges if block AA, A1, C, D, E
Development Charges: Rs. 30,000 per marla (if applicable)
🏢 Commercial Transfer Charges (2024)
🔸 4 Marla Commercial Plot
- Documentation Fee: Rs. 220,000
- Joining Fee: Rs. 25,000
- Sports Fund: Rs. 5,000
- Masjid Fund: Rs. 5,000
- CGT Applicable
- Service Charges
- Property Tax
🔸 8 Marla Commercial Plaza
- Documentation Fee: Rs. 400,000
- Joining Fee: Rs. 15,000
- Sports Fund: Rs. 5,000
- Masjid Fund: Rs. 5,000
- CGT (3% filer / 6% non filer)
- Additional covered area charges
Commercial properties always carry higher tax liabilities.
📊 Filer vs Non-Filer – Massive Difference
| Tax Type | Filer | Non-Filer |
| 236K | 3% | 10.5% |
| 236C (CGT) | 3% | 6% |
🔴 Non-filers can pay 3x more tax.
If you’re planning property investment in Lahore, becoming a filer can save you lakhs.
⚖️ Death Case Transfer Procedure (Central Park Lahore)
Death case transfer applies when property owner has passed away.
Required Documents:
- Original Allotment Letter
- Death Certificate
- Legal Heir Certificate / Succession Certificate
- CNIC Copies of Legal Heirs
- Indemnity Bond
- Affidavit
- NOC for dues clearance
Charges:
- Documentation Fee
- Transfer Fee
- Legal verification
- FBR taxes (if applicable)
👉 Note: Transfer, Joining & Sports Fund also apply in non-possession areas.
🧱 Additional Charges Explained
✔ Development Charges
Rs. 30,000 per marla in Block AA, A1, C, D, E
✔ Malba Fee
- Residential: Rs. 1,500
- Commercial: Rs. 2,000
✔ Covered Area Charges
Applicable on constructed houses & plazas (varies according to size)
📈 Why Invest in Central Park Housing Scheme Lahore?
- Prime Ferozepur Road location
- Affordable compared to DHA Lahore
- Strong rental demand
- Commercial growth potential
- Approved & developed blocks
If you’re comparing societies near Ferozepur Road, Central Park is among the most active transfer markets.
❓ Frequently Asked Questions (FAQ)
1️⃣ What is the 236K tax in property transfer?
It is advance income tax collected from the buyer at the time of property transfer. 3% for filer, 10.5% for non-filer.
2️⃣ What is 236C CGT?
It is Capital Gain Tax collected from the seller. 3% for filer, 6% for non-filer.
3️⃣ Are development charges refundable?
No. Development charges are non-refundable.
4️⃣ Is joining fee mandatory?
Yes. Joining fee is compulsory for transfer in Central Park Housing Scheme.
5️⃣ How long does transfer take?
Usually 7–15 working days depending on document completion.
6️⃣ Can overseas Pakistanis transfer property?
Yes, with valid CNIC/NICOP and biometric verification.
7️⃣ What happens in non-possession area?
Transfer fee, joining fee & sports fund still apply.
8️⃣ How to reduce property tax legally?
Become an active filer and declare proper value.
📞 Need Assistance for Property Transfer?
Islam Estate – DHA Authorized Company
Buy / Sell / Rent Property in DHA Lahore & Central Park Lahore
📱 Call or WhatsApp: Faraz – 0321-4000646
🌐 Visit: http://DhaRealEstate.pk
We provide:
- Accurate property valuation
- Complete transfer assistance
- Death case documentation support
- Tax calculation guidance
- Investment consultancy
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