Guideline Value for Bay Watch 3rd Cross Street

Bay Watch 3rd Cross Street guideline value

The current guideline value of Bay Watch 3rd 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, classified as Residential Class II Type - I.

How the guideline value of Bay Watch 3rd Cross Street has changed

The guideline value for Bay Watch 3rd Cross Street has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in 2017. Following this, the 2023 revision saw a significant increase to Rs 3,500 per sq.ft, and the most recent 2024 revision raised it further to Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The changes between the revisions indicate a 49% increase from 2017 to 2023 and a decrease of 33% from 2012 to 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottivakkam

Kottivakkam has a total of 284 streets under the Adayar SRO carrying a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value among these streets is Rs 3,900 per sq.ft, which aligns with the guideline value of Bay Watch 3rd Cross Street.

• Bay Watch 2nd Cross Street: Rs 3,900 per sq.ft (2024)
• Bay Watch 4th Cross Street: Rs 3,900 per sq.ft (2024)
• Bay Watch 1st Cross Street: Rs 3,900 per sq.ft (2024)
• Bay Watch: 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 3rd 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, while the registration fee at 2% would be Rs 78,000. Together, the total fees would be Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bay Watch 3rd Cross Street?

The Sub Registrar Office that covers Bay Watch 3rd 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 crucial factor during the registration of property transactions in Kottivakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. It is essential for buyers and sellers to be aware of this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Bay Watch 3rd Cross Street?

The current guideline value of Bay Watch 3rd 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 increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification for Bay Watch 3rd Cross Street?

Bay Watch 3rd Cross Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

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.

Where is the Sub Registrar Office located for this area?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.