Guideline Value for Northern Ally Phase-II

Northern Ally Phase-II guideline value

The current guideline value of Northern Ally Phase-II, located in Kathirvedu village under the Ambattur SRO, is Rs 4,200 per sq.ft, effective from 1 July 2024. This area falls under the Mixed Special Type - II land classification.

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

According to the register, the guideline value for Northern Ally Phase-II has remained consistent across several revisions. The figures are as follows: in 2017, the guideline value was Rs 4,200 per sq.ft, which was maintained in the 2023 revision, and again in the 2024 revision. There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2024, the overall change in guideline value is +0%. The same applies to the changes from 2023 to 2024 and from 2017 to 2023, both showing no increase or decrease in the guideline value.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft, with a median value of Rs 1,500 per sq.ft. The guideline value for Northern Ally Phase-II is above this median.

• Northern Ally Phase-I: Rs 4,200 per sq.ft (2024)
• Northern Ally Phase-III: Rs 6,000 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-II

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value would be Rs 42,00,000. The stamp duty at 7% would amount to Rs 2,94,000, while the registration fee at 2% would be Rs 84,000, leading to a total of Rs 3,78,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Northern Ally Phase-II?

The Northern Ally Phase-II area is covered by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Kathirvedu, as it determines the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate the stamp duty and registration fees applicable during the sale.

When a property is sold, the buyer must ensure that the sale price is equal to or greater than the guideline value to avoid any legal complications. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value for Northern Ally Phase-II?

The current guideline value for Northern Ally Phase-II is Rs 4,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Northern Ally Phase-II has remained the same at Rs 4,200 per sq.ft since the 2017 revision, with no changes noted in the 2023 and 2024 revisions.

What is the land classification for Northern Ally Phase-II?

Northern Ally Phase-II falls under the Mixed Special Type - II land classification, indicating its designated use within the area.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 42,00,000, the stamp duty would be Rs 2,94,000 and the registration fee would be Rs 84,000, totaling Rs 3,78,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for Northern Ally Phase-II?

The Ambattur Sub Registrar Office handles registrations for Northern Ally Phase-II, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.