A property valuation certificate is a legal document that verifies the information contained in the Register of Land Values. Property valuation aids in determining a property’s fair market value at the time of sale or purchase. The value of the property estimated varies from state to state. This blog delves into obtaining a West Bengal Property valuation certificate.
Property Valuation Certificate
The following purposes require a property valuation certificate:
- Property valuation certificates include property information such as land and building size, property value, and construction details.
- A property valuation certificate also serves as collateral for the bank’s educational loan.
- When filing annual returns with the Income Tax Department, a property valuation certificate is necessary for income and wealth tax purposes.
Applicable fees
When applying for a property valuation certificate in West Bengal, the applicant is not required to pay an application fee.
Documents Required
When calculating the property, the documents required must arrive.
- The Aadhar Card
- Land Tax Documentation
- A copy of the encumbrance certificate.
- Property ownership documentation.
- Voter ID.
Property Valuation Online Application Procedure
On the West Bengal portal, you can calculate the market value of land for a property transaction by the following steps below:
Step 1: Go to the West Bengal Government’s official website.
Land Market Value Calculation
Step 2: Navigate to the “Market Value of Land” tab from the portal’s home page.
Step 3: The next screen will display the market value of the land.
Step 4: The applicant must enter the mandatory information.
Step 5: Select your district, Thana, local body, and local body name.
Step 6: Enter the plot number and the Khaitan code to determine who owns the property.
Step 7: Enter the details of your property, such as its type, use, and land area, and then click the “Display Market Value” button.
Step 8: Your land’s market value will be calculated and displayed on the screen.
Calculate the Market Value of Structured Land
Step 9: Click the “Market Value of Land with Structure” tab on the portal’s home page.
Step 10: The market value of land with a structure page will appear on the next screen.
Step 11: The applicant must enter the required information.
Step 12: Select your district, Thana, local body, and local body name.
Step 13: You will need the plot number and Khaitan code to identify the owner.
Step 14: Enter the details of your property, such as type, use, and land area, and then click the “Proceed for structure entry” button.
Step 15: Fill out the structure entry page with the necessary information, then click the “Click on Market Value of Land with Structure” button.
Step 16: At last, the market value of your land structure will be determined and displayed on the screen.
Determine the Market Value of an Apartment
Step 17: Select “Market Value of Apartment” from the main portal screen.
Step 18: The market value of the apartment page will appear on the next screen.
Step 19: The applicant must enter the required information.
Step 20: Select your district, Thana, local body, and local body name.
Step 21: To obtain the property’s owner information, enter the plot number and Kahitan number.
Step 22: Now, enter the details of your apartment, such as its type, use, and floor location, and click on the “Display Market Value” button.
Step 23: Appraisal of your apartment will be done and displayed on the screen.