Chennai, previously known as Madras, is one of the four metropolises of India
. Being the capital of Tamil Nadu, the city is the centre of all political, business and cultural activities of the state. The city has gradually changed its profile. Earlier it was popular for being a trading spot. Now it is gaining repute for its IT and industrial development.
Chennai"s real estate market is driven by the commercial and residential segment. Most of the development is happening on the Old Mahabalipuram Road. Here, may plush property projects are coming up. Most of the commercial development is focused around the IT industry. This comprehensive chart is specially designed to keep you in the best knowledge of areas and their ongoing property trends which will help you in finding your dream home right away.
CAPITAL VALUE
LocalityApartment (Rs/sq ft)
Apr-Jun"10 (%)July"10
North (1)-2 to 0 5200-6000
West (10)-30 to 25 3400-10000
South (12)-25 to 303200-15000
Central (3)-9 to 306000-9000
IT Corridor(8)-9 to 142700-5000
Others (18)-22 to 03300-26000
CAPITAL VALUE
LocalityPlot (Rs/Ground* in Lakh)
Apr-Jun"10 (%)July"10
North (1) 0 67-77
West (10) 0 to 1645-115
South (12)-19 to 2035-245
Central (3) 0 to 30205-270
IT Corridor(8) -7 to 2830-115
Others (18)-20 to 1545-555
RENTAL VALUE
LocalityApartment 2 BHK (Rs/month)
Apr-Jun"10 (%)July"10
North (1)013000-16000
West (10)0 to 297000-22000
South (12)-12 to 118000-20000
Central (3)-9 to 018000-25000
IT Corridor(8)-13 to 07500-15000
Others (18)-15 to 208000-75000
*1 Ground=2400sqft
Source : Brix Research
For more information visit:- http://content.magicbricks.com/property-rates-in-chennai