The prices in real estate in Thanjavur, 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.
The price per sq.foot in Thanjavur has had a strong decrease during the last 6 months. In September, the average price per sq.foot was ₹ 2,449. In the following month the price per sq.foot decreased considerably to ₹ 1,926. In the following two months the price per sq.foot has barely changed, going from ₹ 2,187.5 to ₹ 2,207.5 per sq.foot. The price per sq.foot has decreased 90 % 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 ₹ 2,197.5 to ₹ 1,985.5 during January, and February.
Based upon to the price in Thanjavur (cities), this has fallen considerably in the last 6 months. The average price for September is ₹ 53.83 lakhs. During October the price had a considerable reduction till ₹ 24.79 lakhs. During the following two months (November, December) the average price had a considerable reduction of 57 % 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 ₹ 30.82 lakhs to ₹ 22.87 lakhs, which means a 74 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the most costly ones. At a price of ₹ 15.6 lakhs they are 29 % more expensive than the average price for Thanjavur. Following this ranking we find those properties with 2 at an average price of ₹ 36.17 lakhs. The properties with the highest average price have 4 BHK, Their price is 460 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 69.18 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 2,222 / sq.foot, with an average ₹ 1,236 / sq.foot price in Thanjavur. The properties with the highest average prices have 4 BHK. They are 252 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 3,029 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 15.6 lakhs it is 26 % cheaper than the average price in Thanjavur. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 44.54 lakhs it is 203 % 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 ₹ 758 / sq.foot followed by "Farm" priced at ₹ 985 / sq.foot. "Villa" is the most costly type of property with a ₹ 3,206 / sq.foot cost followed by "House" with an average price of ₹ 2,418 / sq.foot.