Obtaining a West Bengal Property Valuation Certificate
A property valuation certificate is a critical legal document verifying information from the Register of Land Values. This certificate helps determine a property's fair market value during sales or purchases, and the estimated value can differ between states. This blog post provides a comprehensive guide to acquiring a property valuation certificate in West Bengal.
Purpose of a Property Valuation Certificate:
A property valuation certificate serves several important functions:
- It provides detailed property information, including land and building size, overall property value, and construction specifics.
- The certificate can be utilized as collateral for educational loans from banks.
- It is a necessary document for income and wealth tax purposes when filing annual returns with the Income Tax Department.
Applicable Fees:
No application fee is required when applying for a property valuation certificate in West Bengal.
Required Documents:
Several essential documents must be gathered to successfully process the property valuation:
- Aadhar Card
- Land Tax Documentation
- Copy of the Encumbrance Certificate
- Property Ownership Documentation
- Voter ID
Online Application Procedure:
The West Bengal government portal facilitates calculating the market value of land for property transactions. Follow these steps:
Land Market Value Calculation:
- Visit the official website of the West Bengal Government.
- On the portal's homepage, locate and click the “Market Value of Land” tab.
- The subsequent screen will present the interface for calculating the market value of the land.
- Enter all the mandatory information requested on the form.
- Specify your district, Thana, local body, and local body name.
- Input the plot number and the Khaitan code (used to identify the property owner).
- Provide details about the property, including its type, intended use, and total land area. Then, click the “Display Market Value” button.
- The system will process the given data and display the calculated market value of your land.
Calculating the Market Value of Structured Land:
- From the portal's homepage, select the “Market Value of Land with Structure” tab.
- The subsequent screen will display the interface for land with a structure.
- Enter the required information within the form.
- Specify your district, Thana, local governing body, and its name.
- The plot number and Khaitan code will again be required to ascertain property ownership.
- Provide specifics concerning your property, such as its type, designated use, and land area. Click “Proceed for structure entry.”
- On the resulting structure entry page, complete the requested information, and then click “Click on Market Value of Land with Structure.”
- The market value assessment for your land and structure will be computed and displayed.
Determining the Market Value of an Apartment:
- On the portal's main screen, choose “Market Value of Apartment.”
- The next screen will present the interface for apartment valuation calculation.
- Diligently input all the mandatory details as prompted.
- Specify your district, Thana, local body, and local body name as before.
- Enter the plot number and Khaitan number to retrieve and verify property ownership information.
- Now, furnish information related to your apartment, including the type of apartment, its use, and the floor location. Click on the “Display Market Value” button.
- The calculated market value of your apartment will be displayed after processing.