The prices in real estate in Tirunelveli, in the Tamil Nadu region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.foot in Tirunelveli has increased during the last 6 months. In November, the average price per sq.foot was ₹ 3,187. In the following month the price per sq.foot increased to ₹ 3,598. The price for the following two months in (January, February) had a considerable increment of 126 %. The price per sq.foot has had a considerable deflation of 65 % 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 ₹ 3,840 to ₹ 2,508 during March, and April.
Based upon to the price in Tirunelveli (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is ₹ 61.13 lakhs. In December This price remains at ₹ 61.68 lakhs. During the following two months (January, February) the average price had a considerable increase of 128 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from ₹ 70.04 lakhs to ₹ 63.65 lakhs in March and April.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 63.95 lakhs they are 58 % more affordable than the average price for Tirunelveli. The properties with the highest average price have 4 BHK, Their price is 90 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 55.71 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 3,069 / sq.foot, with an average ₹ 2,719 / sq.foot price in Tirunelveli. The properties with the highest average prices have 4 BHK. They are 47 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 3,722 / sq.foot.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of ₹ 63.95 lakhs it is 34 % cheaper than the average price in Tirunelveli. "Flat" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Commercial". At a price of ₹ 5.84 crores it is 17070 % more expensive than the average price.
According to the average cost per sq.foot, the most expensive property type would be "Villa" at an average cost of ₹ 3,261 / sq.foot followed by "Flat" priced at ₹ 3,594 / sq.foot. "Farm" is the most costly type of property with a ₹ 2.02 crores / sq.foot cost followed by "Commercial" with an average price of ₹ 18.74 lakhs / sq.foot.