Property prices for sale in Madurai (Tamil Nadu)

The prices in real estate in Madurai, 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.

₹ 5.21 crores
Average price last 6 months
₹ 1.04 lakhs
Price/sq.foot last 6 months
Average price per sq.feet

The price per sq.foot in Madurai has had a strong decrease during the last 6 months. In August, the average price per sq.foot was ₹ 3.2 lakhs. In the following month the price per sq.foot decreased considerably to ₹ 2.24 lakhs. The price for the following two months in (October, November) had a considerable decrease of 6 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 17 % 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 ₹ 1.44 lakhs to ₹ 23,882 during December, and January.

Average price

Based upon to the price in Madurai (cities), this has fallen considerably in the last 6 months. The price in August is ₹ 12.87 crores, rising in September till ₹ 13.68 crores. During the following two months (October, November) the average price had a considerable reduction of 9 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 7.23 crores to ₹ 1.15 crores, which means a 16 % fall.

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 ₹ 1.19 crores they are 80 % more affordable than the average price for Madurai. The properties with the lowest average price have 3 BHK, Their price is 24 % cheaper than the average. After that we have properties with 4 BHK priced at ₹ 83.3 lakhs.

With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 3,654 / sq.foot, with an average ₹ 34,980 / sq.foot price in Madurai. The properties with the lowest average prices have 3 BHK. They are 86 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 4,223 / sq.foot.

Price per property type

The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 1.19 crores it is 71 % cheaper than the average price in Madurai. "Office" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of ₹ 1.17 crores it is 1 % more affordable than the average price.

According to the average cost per sq.foot, the cheapest property type is "Commercial" at an average cost of ₹ 689 / sq.foot followed by "Villa" priced at ₹ 3,962 / sq.foot. "Flat" is the cheapest type of property with a ₹ 7,111 / sq.foot value followed by "House" with an average price of ₹ 4,731 / sq.foot.

Charts data
Average price January
Average price per sq.foot January
Number of properties used in Madurai
Number of properties used in region Tamil Nadu
₹ 1.19 crores
₹ 34,980
702
5,51,962
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value