The average rent price in the Tamil Nadu region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.foot in Tamil Nadu has risen considerably in the last 6 months. During September, the average price per sq.foot was ₹ 16.69. The following month (October) the price had a considerable rise reaching ₹ 24.95 per sq.foot. In the following two months (November, December) the rent price per sq.foot has increased notably to a 126 %. In the last two months, the price per sq.foot has had a significant rise of 135 %. This has been obtained by comparing the price of ₹ 23.54 for the first four months of the sample with regard to the previous 4 months and the price of ₹ 31.75 per sq.foot for the last two months (January, February).
When referring to the price in Tamil Nadu(region), this has risen considerably in the last 6 months. In the first month sample for September the average price is ₹ 14,418. During October it went through a strong rise reaching ₹ 42,631 The price in the following months (November, December) had a strong rise of 155 % going from ₹ 28,524.5 to ₹ 44,126. During the last two months the price has had a considerable rise of 160 % with respect to the previous four months going from ₹ 36,325.25 a ₹ 58,260.
The graph displaying the the average rent price per number of BHK shows that those with 1 BHK are the most affordable ones. They are 86 % cheaper than the average price in Tamil Nadu followed by those with 2 with an average price of ₹ 13,331. The most expensive properties have 4 BHK. They are 90 % more expensive than the average followed by those properties with 3 BHK priced at ₹ 23,994.
Based on the average price per sq.foot those properties with 2 BHK are the most affordable ones with a price of ₹ 14.5 / sq.foot being ₹ 31.53 / sq.foot the average for Tamil Nadu. The properties with the lowest average price are those with 4 BHK. These are 2 % more affordable than the average followed by those with 3 BHK with a price of ₹ 17.54 / sq.foot.
The graph displaying the average rent price according to the property type shows "Flat" as the most affordable one. With an average cost of ₹ 54,995 it is 79 % cheaper than the average in Tamil Nadu. This is followed by "Land" with a cost of ₹ 17,234. The most expensive property type is "Duplex" and is 906 % more costly than the average, followed by "Villa" with a cost of ₹ 1.1 lakhs.
Based upon the average cost per sq.foot the most affordable property type is "Flat with a an average price of ₹ 15.28 / sq.foot, followed by "Land" with a price of ₹ 17.37 / sq.foot. "Duplex" with an average price of ₹ 345 / sq.foot is the most expensive type of property followed by "House" at a price of ₹ 61.63 / sq.foot.