Guideline Value

Corporate

Guideline Value for Bay Watch 2nd Cross Street

₹3900/sq.ft.

The guideline value for Bay Watch 2nd Cross Street in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Bay Watch 2nd Cross Street

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Bay Watch 2nd Cross Street guideline value

The current guideline value of Bay Watch 2nd Cross Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Bay Watch 2nd Cross Street has changed

The guideline value for Bay Watch 2nd Cross Street has undergone several revisions over the years. In 2012, the value was Rs 3,500 per sq.ft, which decreased to Rs 2,345 per sq.ft in 2017. The value then saw a significant increase to Rs 3,500 per sq.ft in 2023, followed by another increase to Rs 3,900 per sq.ft in the 2024 revision, marking an 11% rise from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 11%. The 2023 to 2024 revision reflects an 11% increase, while the jump from 2017 to 2023 was a notable 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottivakkam

Kottivakkam village has 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 equal to the current value of Bay Watch 2nd Cross Street.

Stamp duty and registration fee for property in Bay Watch 2nd 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 would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees together to Rs 3,51,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Bay Watch 2nd Cross Street is 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 critical factor in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is registered, the guideline value is compared against the sale price, and the higher amount is used to determine the applicable duties. This ensures that all transactions are fairly assessed based on the established guideline values for the area.

Frequently asked questions

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

The current guideline value of Bay Watch 2nd 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 changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, which is also the current value for Bay Watch 2nd Cross Street.

What are the stamp duty and registration fees for property in Bay Watch 2nd Cross Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 2,73,000, and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Which office handles the registration for Bay Watch 2nd Cross Street?

The Adayar Sub Registrar Office handles the registration for Bay Watch 2nd Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.