Property prices for sale in Chennai (Tamil Nadu)

The prices in real estate in Chennai, 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.

₹ 58.24 lakhs
Average price last 6 months
₹ 4,789
Price/sq.foot last 6 months
Average price per sq.feet

The price per sq.foot in Chennai has increased during the last 6 months. In March, the average price per sq.foot was ₹ 4,391. In the following month the price per sq.foot increased to ₹ 4,900. In the following two months the price per sq.foot has barely changed, going from ₹ 4,645.5 to ₹ 4,683.5 per sq.foot. The price per sq.foot has increased 108 % 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 ₹ 4,664.5 to ₹ 5,038 during July, and August.

Average price

Based upon to the price in Chennai (cities), these have remained the same in the last 6 months. In our first sample month during March, the average price is ₹ 57.87 lakhs. In April This price remains at ₹ 59.87 lakhs. During the following two months (May, June) 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 gone up 112 % during the last two months.

Average price per BHK

The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 62.22 lakhs they are 55 % more affordable than the average price for Chennai. The properties with the highest average price have 4 BHK, Their price is 411 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 94.43 lakhs.

With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 5,009 / sq.foot, with an average ₹ 4,995 / sq.foot price in Chennai. The properties with the highest average prices have 4 BHK. They are 87 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 6,423 / sq.foot.

Price per property type

The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 62.22 lakhs it is 45 % cheaper than the average price in Chennai. "Flat" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Commercial". At a price of ₹ 97.98 lakhs it is 202 % 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 ₹ 2,845 / sq.foot followed by "Villa" priced at ₹ 5,593 / sq.foot. "Office" is the most costly type of property with a ₹ 11,162 / sq.foot cost followed by "Commercial" with an average price of ₹ 9,558 / sq.foot.

Charts data
Average price August
Average price per sq.foot August
Number of properties used in Chennai
Number of properties used in region Tamil Nadu
₹ 62.22 lakhs
₹ 4,995
4,78,450
5,34,466
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value