Guideline Value for BAY WATCH FARMS 2ND STREET

Bay Watch Farms 2nd Street guideline value

The current guideline value of Bay Watch Farms 2nd 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 2nd Street has changed

The guideline value for Bay Watch Farms 2nd Street has seen several revisions over the years. Starting from the 2012 revision, the value was Rs 3,000 per sq.ft. This figure remained the same until the 2017 revision, which saw a decrease to Rs 2,010 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 3,000 per sq.ft. The latest revision in 2024 has further increased the value to Rs 3,300 per sq.ft, marking a 10% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which means that Bay Watch Farms 2nd Street's 2024 figure is above the median.

• Bay Watch Farms 1st Street: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms 3rd Street: Rs 3,300 per sq.ft (2024)
• Bay Watch Farms: 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 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, making the total cost for these fees 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Bay Watch Farms 2nd Street?

The Sub Registrar Office that covers Bay Watch Farms 2nd 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 details.

How the guideline value is used when you buy or sell in Enjambakkam

The guideline value is an essential factor during the registration of property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the fees collected are reflective of the property's worth as determined by the government.

Frequently asked questions

What is the current guideline value of Bay Watch Farms 2nd Street?

The current guideline value of Bay Watch Farms 2nd 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 back to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Bay Watch Farms 2nd Street?

Bay Watch Farms 2nd Street is classified as Residential Class I Type - II.

What is the median guideline value for streets in Enjambakkam?

The median guideline value for streets in Enjambakkam is Rs 2,200 per sq.ft, with Bay Watch Farms 2nd Street's value being above this median at Rs 3,300 per sq.ft.

Where can I find the Sub Registrar Office for Bay Watch Farms 2nd Street?

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