Property prices for sale in Vellore (Tamil Nadu)
The prices in real estate in Vellore, in the Tamil Nadu region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.foot in Vellore has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 2,339. In the following month the price per sq.foot decreased considerably to ₹ 1,793. In the following two months the price per sq.foot has barely changed, going from ₹ 2,066 to ₹ 2,039 per sq.foot. The price per sq.foot has had a considerable deflation of 56 % 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 ₹ 2,052.5 to ₹ 1,156.5 during February, and March.
Based upon to the price in Vellore (cities), this has gone downing the last 6 months. The price in October is ₹ 23.77 lakhs, rising in November till ₹ 26.34 lakhs. During the following two months (December, January) the price has had an average incrementation from ₹ 25.05 lakhs to ₹ 28.69 lakhs. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 26.87 lakhs to ₹ 13.23 lakhs, which means a 49 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the most costly ones. At a price of ₹ 13.21 lakhs they are 90 % more expensive than the average price for Vellore. Following this ranking we find those properties with 2 at an average price of ₹ 38.67 lakhs. The properties with the highest average price have 4 BHK, Their price is 680 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 54.9 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 2,897 / sq.foot, with an average ₹ 954 / sq.foot price in Vellore. The properties with the highest average prices have 3 BHK. They are 379 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 3,730 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of ₹ 13.21 lakhs it is 8 % more expensive than the average price in Vellore. "Flat" is seen as the second dearest property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 45.43 lakhs it is 1345 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 787 / sq.foot followed by "Farm" priced at ₹ 2,311 / sq.foot. "House" is the most costly type of property with a ₹ 4,823 / sq.foot cost followed by "Flat" with an average price of ₹ 3,656 / sq.foot.
