Guideline Value for Bay Watch 1st Cross Street

Bay Watch 1st Cross Street guideline value

The current guideline value of Bay Watch 1st Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class II Type - I.

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

The guideline value for Bay Watch 1st Cross Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 3,900 per sq.ft, an increase from Rs 3,500 per sq.ft in 2023, which represents an 11% rise. Looking further back, the 2017 revision recorded a value of Rs 2,345 per sq.ft, showing a significant increase of 49% to the 2023 figure. The 2012 revision also had a guideline value of Rs 3,500 per sq.ft, but this was a decrease of 33% from the 2017 value. Overall, from 2012 to 2024, the guideline value has increased by 11%.

The register does not have figures for the years 2002, 2003, and 2007 for this street. Therefore, the earliest recorded value is from the 2012 revision, which was Rs 3,500 per sq.ft.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, which is the same as the current value for Bay Watch 1st Cross Street.

• Bay Watch: Rs 3,900 per sq.ft (2024)
• Bay Watch 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Bay Watch 3rd Cross Street: Rs 3,900 per sq.ft (2024)
• Bay Watch 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Beach AGS Colony: Rs 3,900 per sq.ft (2024)
• Beach AGS Colony 1st Cross St: Rs 3,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more accurate calculations.

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

The Bay Watch 1st Cross Street is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kottivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. When buying or selling property, the guideline value will be used to calculate the applicable stamp duty and registration fees.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. However, the stamp duty is calculated based on the higher of the two values, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Bay Watch 1st Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification of Bay Watch 1st Cross Street?

Bay Watch 1st Cross Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office covers Bay Watch 1st Cross Street and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.