Understanding property laws in Pakistan is essential before buying, selling or renting any property. Below are the key laws every buyer and tenant should know.
The main law governing property transfers in Pakistan. Any sale of immovable property must be done through a registered deed.
All property sale agreements must be registered with the Sub-Registrar office. An unregistered sale deed has no legal standing in court.
Stamp duty is 3% of property value for sale deeds in Sindh. It must be paid before registration.
A rent agreement should clearly state the monthly rent, duration, advance payment, and terms for termination. It should be signed on stamp paper with two witnesses.
If you sell a property within a certain period of purchase, Capital Gains Tax applies. The rate depends on how long you held the property.
Holding property in someone else name (benami) is illegal in Pakistan and can result in confiscation of the property.
We prepare rent agreements, sale agreements and affidavits professionally.
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