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.

₹ 29,253.5
Average price last 6 months
₹ 23.73
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 November, the average price per sq.foot was ₹ 20.86. In the following month the price per sq.foot fell to ₹ 18.51. In the following two months the price per sq.foot has risen 112 %, going from ₹ 19.68 to ₹ 22.14 per sq.foot. The price per sq.foot has had a considerable rise of 140 % 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 ₹ 20.91 to ₹ 29.38 during March, and April.

Average price

When referring to the price in Chennai (cities), this has risen in the last 6 months. The average price for November is ₹ 27,031. During December the price had a considerable fall till ₹ 20,686. During the following two months (January, February) the average price fell 91 % 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 186 % 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 ₹ 57,983 they are 86 % more affordable than the average price for Chennai . The properties with the highest average price have 4 BHK, Their price is 15 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 16,982.

With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 12.26 / sq.foot, with an average ₹ 33.24 / sq.foot price in Chennai. The properties with the most affordable average prices have 4 BHK. They are 30 % more affordable than the average followed by properties with 1 BHK with a price at ₹ 16.73 / sq.foot.

Price per property type

The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 57,983 it is 84 % more affordable than the average price in Chennai. "Flat" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "House". At a price of ₹ 47,121 it is 2785 % 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 ₹ 12.42 / sq.foot followed by "Land" priced at ₹ 13.57 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 1.71 lakhs / sq.foot value followed by "House" with an average price of ₹ 417 / sq.foot.

Charts data
Average price April
Average price per sq.foot April
Number of properties used in Chennai
Number of properties used in region Tamil Nadu
₹ 57,983
₹ 33.24
3,24,024
3,55,314
** 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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