The prices in real estate in Kanchipuram, in the Tamil Nadu region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Kanchipuram has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 1,033. In the following month the price per sq.foot decreased to ₹ 894. The price for the following two months in (December, January) decreased 91 % with regard to the prior two months. The price per sq.foot has had a considerable increase of 1410 % 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 ₹ 919.25 to ₹ 12,960 during February, and March.
Based upon to the price in Kanchipuram (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 34.73 lakhs. During November the price had a considerable reduction till ₹ 11.56 lakhs. During the following two months (December, January) the average price had a considerable reduction of 77 % 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 risen strongly 120 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the most costly ones. At a price of ₹ 31.27 lakhs they are 8 % more expensive than the average price for Kanchipuram. Following this ranking we find those properties with 2 at an average price of ₹ 37.55 lakhs. The properties with the highest average price have 4 BHK, Their price is 68 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 44.12 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 2,489 / sq.foot, with an average ₹ 24,754 / sq.foot price in Kanchipuram. The properties with the lowest average prices have 1 BHK. They are 86 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 3,468 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 31.27 lakhs it is 59 % cheaper than the average price in Kanchipuram. "Farm" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 35.02 lakhs it is 23 % 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 ₹ 626 / sq.foot followed by "Farm" priced at ₹ 1,445 / sq.foot. "House" is the cheapest type of property with a ₹ 22,896 / sq.foot value followed by "Villa" with an average price of ₹ 3,555 / sq.foot.