Property prices for rent in Madurai (Tamil Nadu)
The rent prices in real estate in Madurai, in the Tamil Nadu region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.foot in Madurai has barely changed in the last 6 months. In September, the average price per sq.foot was ₹ 11.79. In the following month the price per sq.foot rose to ₹ 12.43. In the following two months the price per sq.foot has practically remained the same, going from ₹ 12.11 to ₹ 12.19 per sq.foot. The price per sq.foot has fallen 95 % 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 ₹ 12.15 to ₹ 11.48 during January, and February.
When referring to the price in Madurai (cities), there have hardly been any changes in the last 6 months. The rent price in September is ₹ 13,740, rising in October till ₹ 14,674. In the following two months the average price has hardly changed with regard to the previous two months from ₹ 14,207 to ₹ 14,238. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 92 %, going from ₹ 14,222.5 to ₹ 13,083.5 in January and February.
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 ₹ 13,123 they are 55 % more affordable than the average price for Madurai . The properties with the highest average price have 4 BHK, Their price is 110 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 18,167.
With regard to the average price per sq.foot, those properties with 1 BHK are the most affordable ones at a cost of ₹ 10.68 / sq.foot, with an average ₹ 11.6 / sq.foot price in Madurai. The properties with the most expensive average prices have 4 BHK. They are 3 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 11.27 / sq.foot.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₹ 13,123 it is 5 % more affordable than the average price in Madurai. "" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Flat". At a price of ₹ 13,096 it is 28 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Villa" at an average price of ₹ 8 / sq.foot followed by "House" priced at ₹ 9 / sq.foot. "Flat" is the most affordable type of property with a ₹ 10 / sq.foot value followed by "House" with an average price of ₹ 9 / sq.foot.
