Guideline Value for BAY WATCH FARMS 1ST STREET

Bay Watch Farms 1st Street guideline value

The current guideline value of Bay Watch Farms 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Bay Watch Farms 1st Street has changed

The guideline value for Bay Watch Farms 1st Street has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 3,000 per sq.ft in the 2023 revision, and then rose again to Rs 3,300 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 shows a modest increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value of these streets is Rs 2,200 per sq.ft, placing Bay Watch Farms 1st Street's value above this median.

• Bay Watch Farms: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms 2nd Street: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms 3rd Street: Rs 3,300 per sq.ft (2024)
• Bethaiah Salai: Rs 1,100 per sq.ft (2024)
• Bhakthavedantha Swami Salai: Rs 3,300 per sq.ft (2024)
• Bharathi Avenue: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Bay Watch Farms 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total cost for stamp duty and registration would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bay Watch Farms 1st Street?

The Sub Registrar Office that covers Bay Watch Farms 1st Street 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 Enjambakkam

The guideline value is a crucial factor when buying or selling property in Enjambakkam. It is used to determine the stamp duty and registration fees applicable during the transaction. When a property is registered, the guideline value or the sale price, whichever is higher, is taken into account for the calculation of these fees.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Proper understanding of these values ensures compliance with legal requirements during property registration.

Frequently asked questions

What is the current guideline value of Bay Watch Farms 1st Street?

The current guideline value of Bay Watch Farms 1st Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then increased to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the median guideline value in Enjambakkam?

The median guideline value in Enjambakkam is Rs 2,200 per sq.ft, with Bay Watch Farms 1st Street's value being above this median.

What are the stamp duty and registration fees for property in Bay Watch Farms 1st Street?

The stamp duty for a property valued at Rs 33,00,000 would be Rs 2,31,000, and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Bay Watch Farms 1st Street?

The Neelankarai Sub Registrar Office handles registrations for Bay Watch Farms 1st Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.