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Chennai Real Estate: Overview
The real estate in Chennai has taken remarkable growth due to the growing economy, infrastructural development, boom in the IT sector, etc.
Constant development in transportation infrastructures like highways, flyovers, metro rail expansions, etc across the city is leading to growth in property values.
Whether you are a homebuyer or a property investor, you get an affordable home to ultra-luxury villa to make future real estate investments here.
Chennai is divided into 4 zones & each of which has multiple localities like:
- North Zone: Madhavaram, Perambur, Tondiarpet Ponneri, Puzhal, Purasaiwakkam, etc.
- West Zone: Poonamalle, Anna Nagar, Mogappair, Oragadam, Ambattur, Avadi, Porur, etc.
- South Zone: East Coast Road, OMR Road, Perumbakkam, Guduvanchery, Tambaram, Chromepet, GST Road, etc.
- Central Zone: Ashok Nagar, T Nagar, Egmore KK Nagar, Royapettah, Nungambakkam, etc.
Each of these localities varies a lot in the perspective of per sq. ft price & rental for flats. Information about some of the key localities are mentioned below.
| Localities | Average Price | Average Rent |
| Avadi | ₹4,900 per sq. ft | ₹11,000 – ₹17,000 per month |
| Oragadam | ₹4,550 per sq. ft | ₹13,000 – ₹19,000 per month |
| Guduvanchery | ₹4,750 per sq. ft | ₹13,000 – ₹21,000 per month |
| Perumbakkam | ₹5,800 per sq. ft | ₹17,000 – ₹23,000 per month |
| Perambur | ₹7,650 per sq. ft | ₹18,500 – ₹24,000 per month |
To know more about the overall per sq. ft price range, rental range, highly property price appreciated localities & best apartments for sale in Chennai, read ahead.
Chennai Flat Price, Budget Demand & Rental Range
Currently, the average per sq. ft price for flats in Chennai city is approximately ₹6,500. And the range of per sq. ft price across the city is ₹3,500 – ₹21,000.
Chennai has something great for every property searcher, be it affordable, mid-range & premium. To simply to you, the localities that come under each of the types are:
- Affordable Localities: Thiruporur, Oragadam, Tiruneermalai, Annanur, Thirumullaivoyal, Sriperumbudur, etc.
- Mid-Range Localities: Perumbakkam, Mahindra City, Thalambur, Padur, Navalur, Urapakkam, Ambattur, Avadi, etc.
- Premium Localities: Adyar, Mylapore, Perungudi, Besant Nagar, RA Puram, Alwarpet, Guindy, Anna Nagar, Porur, etc.
To discuss the budget of a Chennai flat price, we first need to know the parameters to understand it quickly:
Affordable Flat Price: Less than ₹40 Lakhs
Mid-Range Flat Price: ₹40 Lakhs – ₹80 Lakhs
High-End Flat Price: ₹80 Lakhs – ₹1.5 Crore
Luxury Flat Price: ₹1.5 Crore – ₹2.5 Crore
Ultra-Luxury Flat Price: More than ₹2 Crore
Currently, 65-70% of flats in Chennai city are offered at the mid-range price that is ₹40 Lakhs – ₹80 Lakhs. And 20-25% of apartments for sale in Chennai come under ₹80 Lakhs – ₹1.5 Crore price range.
This hints that homebuyers in Chennai prefer buying flats in mid-range & premium properties offering localities. This mindset of them reflects a rise in demand which indirectly results in better property price appreciation YoY.
Whereas, the rental for properties in Chennai differs over the localities. To simplify more to you, the per month rent in the affordable property localities is around ₹5,000 to ₹15,000.
In mid-range property localities, ₹15,000 to ₹30,000 is the average rental range across Chennai. In the premium property localities, ₹31,000 to ₹5-6 Lakhs is the standard rental range based on the location & luxurious properties.
Most Appreciated Apartments In Chennai: Locality Based
Explore below the exceptional property price-appreciated localities of Chennai with the current per sq. ft price.
| Locality Of Chennai | Average Per Sq. Ft Price | Price Appreciation In 5 Years |
| Guindy | ₹16,520 | 125% |
| Teynampet | ₹24,000 | 100% |
| T Nagar | ₹18,200 | 74% |
| Vandalur | ₹5,300 | 61% |
| West Mambalam | ₹13,050 | 60% |
| Valasaravakkam | ₹10,190 | 55% |
| Nungambakkam | ₹19,000 | 54% |
| Saidapet | ₹12,700 | 53.2% |
| Arcot Road | ₹10,400 | 50% |
| Urapakkam | ₹5,050 | 46% |
| GST Road | ₹6,620 | 42% |
| Virugambakkam | ₹9,500 | 41% |
| Nanganallur | ₹9,690 | 40.5% |
| Egattur | ₹9,580 | 39% |
| Porur | ₹7,400 | 35% |
Note:
Homebazaar serves homebuyers searching for flats in Chennai with end-to-end services like site visits, and lower-interest home loans to property registration guidance. We provide the best price options & offers for 1 to 4 BHK RERA-registered properties in Chennai. To begin a smooth homebuying journey with us, fill out the form mentioned below or on the right side.
1 BHK Apartments For Sale In Chennai
Buying apartments in Chennai from reputed developers like Mahindra Lifespaces, Brigade Group, etc brings quality & better YoY price appreciation assurance.
So, we have brought the top 3 picks of highly demanding 1 BHK flats in Chennai city. Check out every page, compare each one, choose the best one & book a site visit as per your comfort by filling out the form mentioned.
2 BHK Flats For Sale In Chennai
TVS Emerald, Prestige Group, Puravankara Builders, etc are now offering apartments for sale in Chennai. And this brought you a great opportunity to own top-quality homes.
If you are looking for spacious 2 BHK flats in Chennai city, then take a few minutes to explore the list of properties mentioned below.
We have brought you the meticulously handpicked choices. So, go through the project pages & book a site visit for you like most.
3 BHK Flats In Chennai For Sale
Owning a super spacious home is the dream of every individual & developers like TVS Emerald, Hiranandani Group, Prestige Group, etc have made it possible.
It’s time for you to buy 3 BHK flats in Chennai city & that is too from the top developer in India. So, check out the latest elite projects listed below & plan a site visit at your time convenience.
4 BHK Flats In Chennai City
Best villas & duplex apartments are rare to find, so be the rarest one to buy a luxurious 4 BHK flats in Chennai city.
To save you time searching for the one, we have listed below the limited-edition apartments for sale in Chennai. So, check out each one & fill out the form to book your site visit now.
FAQs
| What is the per sq. ft price range of flats in Chennai city?
The per sq. ft price range of flats in Chennai city is around ₹3,500 – ₹21,000. |
| What is the per-month rent range of apartments in Chennai?
The per month rent range of apartments in Chennai is around ₹5,000 – ₹6 Lakhs. |
| How is the price appreciation of apartments in Chennai?
The price appreciation of apartments in Chennai was around 20% – 125% in 5 years across the localities. |
| Suggest the best 1 BHK apartments for sale in Chennai.
Urbanrise The World Of Joy, Brigade Residences Nebula & Mahindra Happinest are the 3 top preferred 1 BHK apartments for sale in Chennai. |
| Suggest the best 2 BHK apartments for sale in Chennai.
Puravankara Lake Vista, Prestige Windsor Park, Newry Arista, Adroit Prosper, TVS Emerald Peninsula, etc are the best 2 BHK apartments for sale in Chennai. |
| Suggest the best 3 BHK apartments for sale in Chennai.
Hiranandani Verona, TVS Emerald Elements, Hiranandani Octavius, Baashyaam Cloud Graze, Ruby Dakshin, etc are the trending 3 BHK apartments in Chennai. |
