Guideline Value for BAY VIEW AVENUE & DRIVE

Bay View Avenue & Drive guideline value

The current guideline value of Bay View Avenue & Drive is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, and the land classification is Residential Special Type - V.

How the guideline value of Bay View Avenue & Drive has changed

The guideline value register for Bay View Avenue & Drive has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only revision available is from 2024, which sets the guideline value at Rs 4,400 per sq.ft.

As there are no figures available for the previous years, it is clear that the only current reference for the guideline value is the 2024 revision. There have been no changes between the revisions above.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 2,200 per sq.ft, positioning Bay View Avenue & Drive above this median.

• Bay View Farms @ Adhithtya Ram Nagar: Rs 1,700 per sq.ft (2024)
• Bay Watch Layout: Rs 4,400 per sq.ft (2024)
• Bhaktha Vedanthaswamy Road: Rs 3,300 per sq.ft (2024)
• Balamurugan Thottam: Rs 1,700 per sq.ft (2024)
• Balakrishnan Street: Rs 2,200 per sq.ft (2024)
• Bharathi Nagar 1st Cross Street 1st Joint: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Bay View Avenue & Drive

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Bay View Avenue & Drive?

The Sub Registrar Office that covers Bay View Avenue & Drive is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor when registering property transactions in Sholinganallur - 1. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of a property.

When a property is sold, the guideline value helps establish a baseline for the transaction, ensuring that the fees are calculated accurately based on the current market standards set by the Registration Department.

Frequently asked questions

What is the current guideline value of Bay View Avenue & Drive?

The current guideline value of Bay View Avenue & Drive is Rs 4,400 per sq.ft, effective from 1 July 2024.

What is the land classification for Bay View Avenue & Drive?

Bay View Avenue & Drive is classified as Residential Special Type - V.

How many streets are there in Sholinganallur - 1 under the Neelankarai SRO?

There are 754 streets in Sholinganallur - 1 under the Neelankarai SRO that carry a 2024 guideline value.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.