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Property Price Trends in Chennai

Last updated: May 20 2021
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  • Re : Property Price Trends in Chennai

    Is there an official source (from govt's data) which can tell price trends for various areas over time?

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    • Re : Property Price Trends in Chennai

      Unfortunately there are no official sources. The jpg vettipaiyan provided is also based on rate quoted by builders. Anyone hellbent to pick a fight can dispute these figures but I know the figures are accurate based on my own market study at that time.

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      • Re : Property Price Trends in Chennai

        Originally posted by vettipayyan View Post

        I must say I was startled to see how places like Medavakkam and Perambur have made slow progress!
        Medavakkam is a great area, it is one of the few regions in south chennai with excellent water table. It is also an important junction. Unfortunately there are no high profile builder projects in that area. If Ceebros starts a project there, the price will definitely hit 6k psf.

        I was very keen on investing in Medavakkam but backed off due to lack of good project.

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        • Re : Property Price Trends in Chennai

          Originally posted by Arunag View Post
          Intresting post Mr. VP

          Shols is not even in the picture.
          The list is only city areas. Does not include any suburbs.

          Here is another link
          https://www.indianrealestateforum.co...q-2012?t=30876

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          • Re : Property Price Trends in Chennai

            Originally posted by randomguy View Post
            Is there an official source (from govt's data) which can tell price trends for various areas over time?

            Google NHB Residex maintained by Govt.

            It is not accurate but it is a good indicator. Also it tracks only from 2007.

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            • Re : Property Price Trends in Chennai

              Accurate Price across Chennai and Suburbs

              This will be known only when one has access with concrened SRO office and Doct writer across TN or collectively in chennai through Revenue officials through high level influence .

              Or else we all will be talking about the announced rate and prevailing rates without excel data base of past,present and future movement in line with market demand .

              Collective data pertaining to Price of Plot,Flat,House can be accessed here .

              Here the list and you may try your luck with concerned SRO

              https://www.shcilestamp.com/SR_chennai.html
              Last edited October 4 2012, 11:21 AM.

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              • Re : Property Price Trends in Chennai

                This is the Pre-OMR / Nascent-OMR pricing. How Velachery has raced past others and Madipakkam has overtaken Medavakkam!

                Not a surprise now, when the Palace homes mktg. guy smiled and said "We ourselves are feeling strange to sell flats in Madipakkam at 4.5 K " , when I asked them why such a crappy looking place with no water is selling at 4.5 . This is 1 year back.

                If residential rate was 945, the land rate would have been 400 or something.
                Last edited October 4 2012, 03:47 PM.

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                • Re : Property Price Trends in Chennai

                  Originally posted by Love4land View Post
                  Medavakkam is a great area, it is one of the few regions in south chennai with excellent water table. It is also an important junction. Unfortunately there are no high profile builder projects in that area. If Ceebros starts a project there, the price will definitely hit 6k psf.

                  I was very keen on investing in Medavakkam but backed off due to lack of good project.
                  Yes, Medavakkam is the place I always used to have in mind, in my discussions with you.

                  I liked Medavakkam very much due to its water table and connectivity, which is why I am shocked to see why no builder came to this place. Waiting for Ceebros' Kadai kann parvai to fall here!

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                  • Re : Property Price Trends in Chennai

                    Originally posted by k11 View Post
                    The list is only city areas. Does not include any suburbs.

                    Here is another link
                    https://www.indianrealestateforum.co...q-2012?t=30876
                    Thanks for sharing the link

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                    • Re : Property Price Trends in Chennai

                      Around 3 years ago, I used to write on this forum under the name Natarajg007 and later as Almighty. With non Wisemen and his birds, I was rather forced to leave this forum and I dont mind that. However I just reentered seeing this post below.
                      I had always stated that RE price will go up and the silly bear cartel on this board in 2008-10 went to the extent of a personal abusive fight with me and succeeded in getting me out of the board, but well they have not succeeded in getting prices to come down one bit. Today my land prices have shot up to such an extent that I wont want to talk about it.
                      However while most discussions seem to be on apartments which are useful only for those who want to stay there; I hardly will suggest it as investment; nowadays I am finding people wanting to buy land. Land appreciates and building depreciates.
                      Land has appreciated in a typical 20% CAGR for periods of holding beyond 10 years right from 1960s for which I have data. So I hope my point has been proven without doubt.
                      Well nice to see Nabhishek's colum yet alive and I bet my original posts on this would exist somewhere under the name Natarajg007.
                      Cheers.

                      Originally posted by vettipayyan View Post
                      Wanted to share this Rate chart from the Hindu 2004 edition.

                      The Hindu : Chennai: Residential Apartment Rates

                      I must say I was startled to see how places like Medavakkam and Perambur have made slow progress!

                      Disclaimer: My intention is not to start a "My location Best location" war.

                      This just shows how many boats I have missed

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