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    Property Rates & Price Trends in India
      Property Rates in Chennai

        Property Rates & Price Trends in Chennai - 2020

        One of the promising cities in South India, Chennai real estate sees demand from both end-users and investors. Job opportunities have rendered the city favourable among prospective buyers. Chennai is largely a price sensitive market and end-users look for affordable homes in the city. Chennai also receives considerable investment interest from NRI investors as well. As per data with Makaan. Annual rental yield refers to the amount in percentage of the total property cost that you will be able to make in a year by putting the unit on rent.

        To localities in Chennai include Thiyagaraya Nagar where average property value is Rs 18,890 per sq ft, followed by Purasaiwakkam with average value at Rs 12,000 per sq ft. Alwarpet, where property prices on an average stands at Rs 18, 467 and Choolaimedu where prices are Rs 9,090 per sq ft are equally popular localities. Liveability quotient in these localities are above 9.7 on a scale of 10. This shows that in terms of social and physical infrastructure, these localities offer a comfortable and healthy environment.

        If you are looking at an investment in apartment units, Makaan data suggests there are 2,867 properties in the most sought after range of Rs 34-43 lakh. The next popular budget segment is the Rs 25-34 lakh budget segment wherein there are 2,654 units for sale. There are almost equal number of units for sale in the Rs 15-25 lakh category too.

        Considering villa developments in and around Chennai? There are 1,125 villa projects in Chennai. The broad price range is Rs 10 lakh to Rs 25 crore depending upon the size and location of the unit. Those priced low are often those that are in the outskirts or are small units. If you are looking at affordable properties, Walajabad is one such location besides Kadambattur, Chengalpattu, Teachers’ Colony, Thirukkazhukundram. Most high-end villa properties are concentrated in Injambakkam, Raja Annamalaipuram, Alwarpet, Anna Nagar, Nungambakkam, Kodambakkam etc.

        Here are the top localities:

        • There are 18317 ready-to-move properties in Chennai and 8483 are under-construction. Five others are launching soon.
        • In North Chennai, Kolathur, Kilpauk and Perambur have maximum properties on sale while Anna Nagar West Extension, Kilpauk and Villivakkam are popular when it comes to renting.
        • In West Chennai, Walajabad, Porur and Veppampattu have maximum properties on sale. When it comes to rent, Iyappanthangal, Porur and Mogappair are popular localities.
        • In South Chennai, check out OMR Road, Tambaram West and Rajakilpakkam that have maximum properties on sale. You can look at T Nagar, Panayur and Vettuvankeni are sought after localities on rent.
        • In Central Chennai, Nungambakkam, Potheri and Perumbakkam are popular localities when it comes to sale. Localities such as Nungambakkam, Alwarpet and Egmore have maximum properties on rent.
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        Locality NameBuy Rates
        		Price range per sqftAvg price per sqftPrice riseTrendView properties
        2,139 - 6,309 / sqft 5,241.2 / sqft-5%See trendView 111 properties
        2,894 - 14,595 / sqft 12,867.31 / sqft-1.2%See trendView 1032 properties
        2,460 - 7,392 / sqft 6,891.51 / sqft26.7%See trendView 236 properties
        2,868 - 9,712 / sqft 8,174.79 / sqft39.1%See trendView 342 properties
        3,326 - 9,974 / sqft 8,848 / sqft-16%See trendView 442 properties
        1,333 - 8,764 / sqft 8,368.79 / sqft-10.5%See trendView 114 properties
        882 - 10,402 / sqft 10,144.41 / sqft32.9%See trendView 633 properties
        ---See trendView properties
        3,077 / sqft 3,76.92 / sqft-See trendView 2 properties
        1,665 - 6,462 / sqft 6,143.51 / sqft18.8%See trendView 183 properties
        2,645 - 5,561 / sqft 5,62.95 / sqft42.2%See trendView 27 properties
        ---See trendView properties
        3,234 - 7,937 / sqft 7,760.97 / sqft-7.9%See trendView 254 properties
        2,786 - 8,040 / sqft 5,796.64 / sqft-51%See trendView 263 properties
        4,399 - 13,769 / sqft 12,812.99 / sqft-20.6%See trendView 553 properties
        3,328 - 10,733 / sqft 8,565.21 / sqft31.5%See trendView 510 properties
        3,226 - 7,789 / sqft 7,464.64 / sqft30.7%See trendView 141 properties
        3,350 - 7,509 / sqft 6,513.9 / sqft17.6%See trendView 123 properties
        4,535 - 15,504 / sqft 13,748.17 / sqft7.3%See trendView 496 properties
        3,654 - 16,418 / sqft 8,283.78 / sqft37.9%See trendView 262 properties
        1,433 - 9,286 / sqft 8,544.94 / sqft19.8%See trendView 325 properties
        3,220 - 6,552 / sqft 6,418.26 / sqft31.4%See trendView 322 properties
        2,732 - 13,769 / sqft 12,683.61 / sqft35.4%See trendView 397 properties
        2,125 - 5,367 / sqft 5,158.1 / sqft21.4%See trendView 40 properties
        4,016 - 8,893 / sqft 7,919.26 / sqft-2.7%See trendView 265 properties
        3,695 - 13,949 / sqft 10,539.23 / sqft93.4%See trendView 274 properties
        4,727 - 21,825 / sqft 15,196.36 / sqft-3.2%See trendView 199 properties
        2,866 - 27,752 / sqft 7,706.87 / sqft10.3%See trendView 268 properties
        3,043 - 6,909 / sqft 6,73.2 / sqft21%See trendView 236 properties
        2,538 - 4,464 / sqft 3,501.14 / sqft6.9%See trendView 2 properties
        3,336 - 10,201 / sqft 7,740.79 / sqft12%See trendView 207 properties
        687 - 9,740 / sqft 8,420.9 / sqft23.7%See trendView 267 properties
        833 - 5,731 / sqft 5,326.92 / sqft24.9%See trendView 120 properties
        3,181 - 7,143 / sqft 6,520.87 / sqft-7.2%See trendView 303 properties
        4,118 - 9,468 / sqft 8,469.22 / sqft73%See trendView 329 properties
        2,479 - 6,047 / sqft 5,286.38 / sqft7.7%See trendView 52 properties
        3,444 - 9,469 / sqft 7,529.48 / sqft27.7%See trendView 12 properties
        2,250 - 18,975 / sqft 15,968.72 / sqft130.7%See trendView 134 properties
        4,872 - 7,222 / sqft 6,46.71 / sqft-See trendView 2 properties
        3,022 - 7,289 / sqft 6,726.05 / sqft6.7%See trendView 123 properties
        2,737 - 5,629 / sqft 5,43.76 / sqft-See trendView 13 properties
        6,153 - 20,800 / sqft 18,622.32 / sqft57.4%See trendView 147 properties
        4,944 - 10,770 / sqft 9,52.84 / sqft61.1%See trendView 11 properties
        820 - 7,900 / sqft 6,94.94 / sqft499.3%See trendView 17 properties
        4,536 - 8,580 / sqft 7,200.11 / sqft-2.6%See trendView 130 properties
        3,019 - 7,100 / sqft 5,432.39 / sqft52.2%See trendView 75 properties
        1,700 - 14,587 / sqft 12,10.78 / sqft21.2%See trendView 243 properties
        2,800 - 5,835 / sqft 5,641.04 / sqft-23.6%See trendView 112 properties
        3,299 - 7,522 / sqft 7,25.04 / sqft-52%See trendView 137 properties
        2,800 - 5,667 / sqft 5,000 / sqft-See trendView 7 properties
        3,333 - 8,078 / sqft 7,868.4 / sqft18.8%See trendView 189 properties
        4,500 - 8,867 / sqft 8,537.31 / sqft10.7%See trendView 78 properties
        3,564 - 3,876 / sqft 3,834.84 / sqft-24.9%See trendView 5 properties
        1,215 - 9,746 / sqft 8,867.99 / sqft1.5%See trendView 205 properties
        7,200 - 20,000 / sqft 18,576.37 / sqft55.6%See trendView 144 properties
        2,463 - 5,031 / sqft 4,431.37 / sqft25.8%See trendView 73 properties
        4,769 - 11,456 / sqft 10,904.19 / sqft25.1%See trendView 143 properties
        4,651 - 18,584 / sqft 15,93.35 / sqft22.4%See trendView 148 properties
        3,996 - 7,359 / sqft 6,727.05 / sqft32.5%See trendView 131 properties
        4,799 - 11,681 / sqft 9,782.01 / sqft14.5%See trendView 165 properties
        Disclaimer: makaan.com Price Trend has been created based on the asking prices of the properties listed on the website and are not based on the actual transactions. Makaan.com gives no guarantee of the accuracy, reliability and completeness of any information and data should be verified independently.
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