Property prices for rent in Chennai (Tamil Nadu)

The rent prices in real estate in Chennai, in the Tamil Nadu region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

₹ 31,799.67
Average price last 6 months
₹ 23.99
Price/sq.foot last 6 months
Average price per sq.feet

The price per sq.foot in Chennai has risen strongly during the last 6 months. In September, the average price per sq.foot was ₹ 17.4. In the following month the price per sq.foot rose considerably to ₹ 23.58. The price for the following two months in (November, December) had a considerable rise of 120 %. The price per sq.foot has had a considerable rise of 120 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.foot of ₹ 22.49 to ₹ 26.99 during January, and February.

Average price

When referring to the price in Chennai (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is ₹ 15,399. During October the price went through a considerable rise reaching ₹ 34,813. During the following two months (November, December) the average price had a considerable rise of 123 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 142 % during the last two months.

Average price per BHK

The graph displaying the average rent price for BHK illustrates that those properties with 1 BHK are the most affordable ones. At a price of ₹ 40,265 they are 81 % more affordable than the average price for Chennai . The properties with the highest average price have 4 BHK, Their price is 167 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 24,519.

With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 14.85 / sq.foot, with an average ₹ 29.6 / sq.foot price in Chennai. The properties with the most expensive average prices have 4 BHK. They are 6 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 17.8 / sq.foot.

Price per property type

The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 40,265 it is 71 % more affordable than the average price in Chennai. "Land" is seen as the second most affordable property type. The most expensive property type is "Duplex" followed by "Villa". At a price of ₹ 1.16 lakhs it is 237 % more expensive than the average price.

According to the average cost per sq.foot, the most affordable property is "Flat" at an average price of ₹ 15.52 / sq.foot followed by "Land" priced at ₹ 17.65 / sq.foot. "House" is the most expensive type of property with a ₹ 72.86 / sq.foot value followed by "Villa" with an average price of ₹ 42.92 / sq.foot.

Charts data
Average price February
Average price per sq.foot February
Number of properties used in Chennai
Number of properties used in region Tamil Nadu
₹ 40,265
₹ 29.6
1,27,102
1,37,622
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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