The 47-year-old won the men’s 45-49 points race with a blistering ride.
He was nine points clear of fellow New Zealand rider Chris Allington and 18 ahead of the third-place competitor Jeromy Cottell, of the United States.
Leading into the event he was able to tap into some advice from Commonwealth Games hero Aaron Gate and former track world champion Greg Henderson.
They chipped in with some tactics and training tips. But what really drove Stott was "some average results" three years earlier at the same event.
That "planted the seed to do better in the future", he said.
"I actually went to Manchester three years ago and had very average results. That kind of got me, well, I felt like I had unfinished business."
He still harboured a desire to get back on the track and wanted to improve on the effort in Manchester.
"As a junior I really wanted to get into the track cycling team, but instead I got into the road team. Ironically it was exactly 30 years ago I made that team.
"I always felt like I was a decent rider on the track, so it was nice to come back to it."
Stott, who is a property investor mainly engaged in refurbishing old buildings in South Dunedin, said winning a world title had been a long term goal.
He knew he was in good form after finishing second in the 10km scratch race two days before the points race. That gave him the confidence to race aggressively from the outset and put the pressure on the field.
He grabbed some early sprint points and went a lap up early in the race.
The 20km race blew apart in the second half and he was able to work with Allington and Cottell to go another two laps up on the rest of the field.
He capped off a wonderful ride by winning the final sprint to clinch the title.
"It was such a nice surprise to actually win it. I couldn’t quite believe it.
"I always knew I could ride better than [in Manchester]."
Stott was back training when the Otago Daily Times called initially. His goal is to build on his achievement next year.
