Emergence of Valuation Board

In order to evolve a scientific system of valuation of properties of U.L.Bs, there was a long felt need to constitute a central body for assessing and determining valuation related parameters. With a view to ensuring uniformity in valuation, objectivity in assessment and securing a higher yield of municipal revenue throughout the State, Government considered it necessary to set up a statutory centralized authority styled as the Central Valuation Board subsequently rechristened as West Bengal Valuation Board for the purpose of valuation and assesment of properties for urban local bodies in the state.

In effect - the envisaged method of valuation has to be designed in such a manner that it would give a true reflection of source of revenues of the municipalities which has been unequivocally recognized by the 13th Finance Commission, Government of India indeed. For that purpose interaction needed with the organization and the management and individual too upon going through the feasibility as well as such other basic parameters like availability of services, zone of location, type and pattern of holdings primarily.

This mechanism facilitates the escalation of revenue of U.L.Bs while ensuring adherence to the parameters mentioned above. To ensure efficacy and uniformity to the extent possible in determining the valuation and assessment of properties of U.L.Bs, the activities of Municipalities and Corporations had to be guided in a synchronized manner and with that goal in view - the West Bengal Valuation Boarad was created upon the enactment of Act, 1978.