Guideline Value

Corporate

Guideline Value for Bay Watch

₹3900/sq.ft.

The guideline value for Bay Watch 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 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹650 /sq.ft.
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

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Bay Watch guideline value

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

How the guideline value of Bay Watch has changed

The guideline value of Bay Watch has seen several revisions over the years. In 2003, the guideline value was Rs 650 per sq.ft, which increased to Rs 1,500 per sq.ft in 2007. This was a significant rise of 131%. The value then jumped to Rs 3,500 per sq.ft in 2012, marking an increase of 133%. However, it decreased to Rs 2,345 per sq.ft in 2017, reflecting a decline of 33%. The subsequent revision in 2023 saw the value rise to Rs 3,500 per sq.ft, and the latest revision in 2024 has set it at Rs 3,900 per sq.ft, an increase of 11% from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 500%. It is important to note that the register has no figure for the year 2002 for this street.

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 value is Rs 3,900 per sq.ft, which is equal to the guideline value of Bay Watch for 2024.

Stamp duty and registration fee for property in Bay Watch

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 be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. 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?

The Sub Registrar Office that covers Bay Watch 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

When buying or selling property in Kottivakkam, the guideline value is a critical factor that determines the stamp duty and registration fees. The guideline value is set by the government and reflects the minimum price at which properties in the area can be registered.

It is essential for buyers and sellers to be aware of the guideline value as it impacts the overall cost of the transaction. The registration process will require payment of stamp duty based on this value or the sale price, whichever is higher, ensuring that all parties are in compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Bay Watch?

The current guideline value of Bay Watch 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 significantly, increasing from Rs 650 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, which is an overall increase of 500%.

What are the other streets in Kottivakkam with the same guideline value?

Other streets in Kottivakkam with the same guideline value of Rs 3,900 per sq.ft include Bay Watch 1st Cross Street, Bay Watch 2nd Cross Street, Bay Watch 3rd Cross Street, Bay Watch 4th Cross Street, Beach AGS Colony, and Beach AGS Colony 1st Cross St.

What is the registration fee for property in Bay Watch?

The registration fee for property in Bay Watch is calculated based on the guideline value. For example, for a property valued at Rs 39,00,000, the registration fee would be Rs 78,000 at 2%.

Where is the Sub Registrar Office for Bay Watch located?

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