Guideline Value for BAY WATCH LAYOUT

Bay Watch Layout guideline value

The current guideline value for Bay Watch Layout is Rs 4,400 per sq.ft, effective from 1 July 2024. This layout is located in the Sholinganallur - 1 village under the Neelankarai SRO, classified as Residential Special Type - V.

How the guideline value of Bay Watch Layout has changed

The guideline value for Bay Watch Layout has undergone significant changes over the years. The 2017 revision set the value at Rs 2,680 per sq.ft. Following this, the 2024 revision increased the guideline value to Rs 4,400 per sq.ft, marking a substantial increase of 64% from the previous figure.

It is important to note that the register does not provide figures for the years 2023, 2012, 2007, 2003, and 2002 for this street. Therefore, the only revisions available are from 2017 and 2024.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for this area is Rs 2,200 per sq.ft, which means Bay Watch Layout's current figure is above that median.

• Bay View Farms @ Adhithtya Ram Nagar: Rs 1,700 per sq.ft (2024)
• Bay View Avenue & Drive: 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 Watch Layout

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, leading to a total of Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bay Watch Layout?

The Bay Watch Layout falls under 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 in the registration process of property transactions in Sholinganallur - 1. It serves as the basis for calculating stamp duty and registration fees, ensuring that these costs are aligned with the official valuation of properties in the area.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the financial obligations associated with the transaction. Buyers and sellers should consult the guideline value register to understand the applicable rates for their specific property.

Frequently asked questions

What is the current guideline value for Bay Watch Layout?

The current guideline value for Bay Watch Layout is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value for Bay Watch Layout has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft, which is a rise of 64%.

Are there any years without guideline values for Bay Watch Layout?

Yes, the guideline value register does not provide figures for the years 2023, 2012, 2007, 2003, and 2002 for Bay Watch Layout.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, indicating that Bay Watch Layout's current figure is above this median.

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.