Update on DC property rates, transfer ahead of Budget 2026-27

LAHORE – Individuals planning to transfer property have been advised to complete the registry process before June 30 to avoid possible change in property valuation and regulations. A local law firm, in a post on X, said several adjustments are expected after June 30 that may affect property transactions. These include an anticipated increase in DC rates, possible rises in taxes and related transfer charges, and changes in documentation requirements. It is also expected that the issuance of “Fard” may be suspended, while a Green Property Certificate could become mandatory for completing property transfers. Citizens have been urged to take timely action and finalize their property-related procedures in advance to avoid potential inconvenience once the new changes come into effect. Earlier, Punjab authorities have announced that a “Green Property Certificate” will become mandatory for all land and real estate transactions starting July 1, 2026. The Punjab Land Records Authority, in collaboration with the provincial government, stated that no property—residential, commercial, or agricultural—can be bought or sold without this certificate. The initiative aims to ensure transparency, secure property ownership, and prevent fraudulent transactions. Property owners are encouraged to visit their nearest Land Records Center to obtain their Green Property Certificate to safeguard their investments before the deadline. What is the Green Property Certificate? The Green Property Certificate is an official document issued by the Punjab Land Records Authority (PLRA) that verifies the ownership and legal status of a property. It ensures that the property is legally registered, free from disputes, and recognized by government records. This certificate provides citizens with confidence in their property rights, helps prevent land disputes, and allows property owners to use their land securely for legal or financial purposes. By applying for a Green Property Certificate, pro