Guideline Value for Northern Ally Phase-I

Northern Ally Phase-I guideline value

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

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

The guideline value for Northern Ally Phase-I has remained consistent across several revisions. The 2017 revision set the value at Rs 4,200 per sq.ft, which was maintained in the 2023 revision. The most recent 2024 revision also confirms this value at Rs 4,200 per sq.ft.

There are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012. Overall, there has been no change in the guideline value from 2017 to 2024, with a consistent figure of Rs 4,200 per sq.ft throughout these years.

Guideline values in Kathirvedu

In Kathirvedu, there are 78 streets under the Ambattur SRO with 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-I is above this median, reflecting its position within the village.

• Northern Ally Phase-II: 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-I

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value amounts to Rs 42,00,000. The stamp duty at 7% would be Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, resulting in a total cost 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Northern Ally Phase-I?

The Sub Registrar Office that covers Northern Ally Phase-I is 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 more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kathirvedu. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is based on a standardized value set by the registration department.

Frequently asked questions

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

The current guideline value for Northern Ally Phase-I 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-I has remained at Rs 4,200 per sq.ft since the 2017 revision, with no changes noted in the revisions from 2017 to 2024.

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

Northern Ally Phase-I is classified as Mixed Special Type - II, according to the guidelines set by the registration department.

What are the stamp duty and registration fees for a property in Northern Ally Phase-I?

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.

Where is the Sub Registrar Office for Northern Ally Phase-I located?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.