Guideline Value for Northern Ally Phase-III

Northern Ally Phase-III guideline value

The current guideline value of Northern Ally Phase-III is Rs 6,000 per sq.ft, effective from 1 July 2024. This property is located in Kathirvedu village under the Ambattur SRO, classified as Mixed Special Type - I.

How the guideline value of Northern Ally Phase-III has changed

Since the 2017 revision, the guideline value for Northern Ally Phase-III has remained constant at Rs 6,000 per sq.ft. The 2023 revision also recorded the same figure of Rs 6,000 per sq.ft, showing no change from the previous year. There are no figures available for the years 2012, 2007, 2003, and 2002 in the register for this street.

Overall, from the 2017 revision to the 2024 revision, the guideline value has not changed, maintaining a consistent rate of Rs 6,000 per sq.ft. The latest revision in 2024 reflects the same value as seen in the previous years, indicating stability in the guideline value for this property.

Guideline values in Kathirvedu

Kathirvedu village features 78 streets under the Ambattur SRO, with guideline values ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Northern Ally Phase-III above this median value.

• Northern Ally Phase-II: Rs 4,200 per sq.ft (2024)
• Northern Ally Phase-I: Rs 4,200 per sq.ft (2024)
• Padmavathy Nagar Annex: Rs 2,700 per sq.ft (2024)
• Padmavathy Nagar Extension: Rs 2,700 per sq.ft (2024)
• Parimalam Nagar: Rs 1,500 per sq.ft (2024)
• Mugambekai Nagar: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Northern Ally Phase-III

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your own fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Northern Ally Phase-III?

The Northern Ally Phase-III property falls under the jurisdiction of the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

To find your specific SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in property transactions in Kathirvedu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees, ensuring that these fees are calculated based on a standardized value set by the government.

At the time of registration, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This process helps maintain transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Northern Ally Phase-III?

The current guideline value of Northern Ally Phase-III is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Northern Ally Phase-III has remained Rs 6,000 per sq.ft since the 2017 revision, with no changes recorded in the 2023 and 2024 revisions. There are no figures available for the years 2012, 2007, 2003, and 2002.

What is the land classification of Northern Ally Phase-III?

Northern Ally Phase-III is classified as Mixed Special Type - I, which indicates the type of development and usage allowed in the area.

How is stamp duty calculated for properties in Northern Ally Phase-III?

Stamp duty for properties in Northern Ally Phase-III is calculated based on the guideline value or the sale price, whichever is higher. For example, on a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 60,00,000.

Where can I find the Sub Registrar Office for Northern Ally Phase-III?

The Sub Registrar Office covering Northern Ally Phase-III is the Ambattur SRO, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.