Hello Chennai,

You now have at your disposal a comprehensive rate chart of every locality in Chennai. Yes, IREF Research team has been working on collecting and validating data for every location - per sq.ft. wise. You can now view the maximum rate, the minimum rate and the average price that a property in any location commands. Not just this, we have information on the rentals in every area as well!

Don't go running around, frantically trying to ascertain if you're paying the right price - Just look at the Price table.

We're forever trying to make your lives easier and empower you with knowledge - this is just the beginning!

Locality | Minimum Rate | Maximum Rate | Average Rate
Abhiramapuram|6946|22000|12789
Adambakkam|3923|8557|6058
Adyar|6076|26666|14266
Alandur|5034|7284|5919
Alwarpet|11875|23170|19063
Ambattur|2932|5257|4031
Ambattur Industrial Estate|3611|7750|5650
Anakaputhur|3019|4200|3707
Anna Nagar|4500|19323|10692
Ashok Nagar|3801|13184|8677
Ayanavaram|5800|10909|8017
Ayappakkam|3933|4506|4095
Besant Nagar|7415|19484|13879
Chengalpattu|2593|2606|2600
Choolaimedu|4222|9411|6836
Egattur|5889|7255|6424
Egmore|6321|22807|15534
Gerugambakkam|3494|3951|3624
Guindy|5838|14599|9899
Injambakkam|2333|9675|6374
Iyyapa Nagar|2889|3973|3214
Iyyappanthangal|3497|5110|4186
K K Nagar|4000|12679|8158
Karapakkam|2608|9638|4240
Kattankulathur|3010|4916|3694
Kattupakkam|3696|5064|4294
Kelambakkam|3368|5028|3853
Kilpauk|5731|16666|11317
Kodambakkam|3699|12631|8777
Kolapakkam|3450|5144|4297
Kolathur|2628|7246|5016
Kotturpuram|8972|21474|14698
Kovilambakkam|3997|5000|4491
Koyambedu|4000|10000|7180
Kundrathur|3056|3927|3427
Madambakkam|2958|4404|3762
Madhanandapuram|3698|5820|4433
Madipakkam|2692|6666|4737
Manapakkam|3450|8442|5135
Medavakkam|2566|6280|4514
Mugalivakkam|4000|6864|5360
Mylapore|7936|21992|14442
Nandanam|9047|19500|13943
Nanmangalam|2398|5508|4139
Nungambakkam|3585|22022|12134
Old Pallavaram|3953|5114|4429
Padianallur|2644|2655|2651
Pallavaram|3280|6849|4797
Pazavanthangal|1450|5504|4177
Perambur|3608|7936|5753
Perumbakkam|3187|5016|3913
Perungudi|4074|9200|6269
Porur|2964|7627|4632
Purasawalkam|6000|13500|9123
Raja Annamalai Puram|5558|22493|13985
Royapettah|8461|18000|14256
Saligramam|4866|13157|8219
Sembakkam|3500|5136|4629
Sholinganallur|2098|7621|4649
Sithalapakkam|2698|4204|3579
Sriperumbudur|2857|3931|3279
Tambaram|2093|5951|4003
Thirumullaivoyal|2922|5000|3782
Thyagaraya Nagar|5625|21045|11969
Tondiarpet|5161|7926|6459
Vadapalani|5473|10937|7652
Velachery|3019|12262|6971
Villivakkam|4416|7368|5712
Virugambakkam|5495|7857|6614
West Mambalam|5555|10555|8506


*Above are researched Buy rates for properties in different localities of Chennai over the last 3 months
**All the rates are in Rupees / sq. feet

Cheers to making an informed decision,
TiWi
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  • Great to see this for Chennai as well. Thanks & Appreciate the effort !

    Noticed a couple of places missing - Thiruvanmiyur, Thoraipakkam, Pallikaranai.
    Could you please add them to the list .
    CommentQuote
  • Originally Posted by eshwaran
    Great to see this for Chennai as well. Thanks & Appreciate the effort !

    Noticed a couple of places missing - Thiruvanmiyur, Thoraipakkam, Pallikaranai.
    Could you please add them to the list .


    eshwaran, We will try to add remaining localities in our next update.
    CommentQuote
  • TiWi:
    Good effort. However, I am trying to grapple with how one can make use of it. Usefulness of the data comes from interpretation - if it is hard to interpret and derive meaning, no matter how accurate the data collection is, it will fall flat. Just saying the way I see it - hope you take it as a constructive suggestion.

    Don't go running around, frantically trying to ascertain if you're paying the right price - Just look at the Price table.
    For instance, I am looking to buy (hypothetical!) a property in Nungambakkam. Nungambakkam data shows as below - min, max, average. As you know the price varies vastly with age of the apartment and also the level of luxury. How can one use the below data in a meaningful way to know if I am paying the right price?

    Nungambakkam 3585 22022 12134
    CommentQuote
  • How about Transaction volume in each segment? One property may have sold for the maximum rate due to luxury, location or other factors (could be one odd Annamalai transaction)! Same applicable for minimum as well due to political or other pressure! Without the data on volume, these numbers can be interpreted anyway you want from both sides (buyer or seller).
    CommentQuote
  • It is a good start. Other portals also have similar trending and if IREF differentiate from them with uniqueness that would be great.
    CommentQuote
  • Many of the competing portals do this and it has no use for the end-user. NHB Residex Data is a laughing stock.

    Housing.com is building a different portal way ahead of competitors with a vision which is grand and with a 10 year view.

    More than differentiation, they have to see what they provide is useful. Housing.com which owns IREF has a huge user base for innovative experiments. IREF is uniquely positioned to do things which others cannot.
    CommentQuote
  • What are these prices? Actual Transaction price? Or listing price? If listing price, they don't mean anything.

    To be meaningful, the reference index has to be along the lines of Case-Shiller index (Repeat-sales of same house). To get to that level, transaction prices should be made available in public domain. Without satisfying that precondition, it would be difficult to validate the numbers and can be dismissed an anecdotal by anyone based on the orientation of their bias (buyer vs seller).
    CommentQuote
  • A median would help more than an average. That could be a good start.
    CommentQuote
  • Originally Posted by sunr2i
    It is a good start. Other portals also have similar trending and if IREF differentiate from them with uniqueness that would be great.


    Originally Posted by kamskans
    A median would help more than an average. That could be a good start.


    Median and other detailed analysis can be done in next few updates :-)
    CommentQuote
  • Appreciating your effort to put the data on minimum price and maximum price based on sq.ft. Is this prices are applicable for luxury villas and apartments or just a plot value. Alos you have not mentioned Korukkupet location
    CommentQuote
  • Thanks for posting the updated price details ....
    CommentQuote
  • Can someone help me find the guideline value in Kanathur / Muthukaadu..? I am unable to find in tnreginet.net... I tried going thru every SRO under Chennai zone and found nothing.. I am looking for guideline value in PA Road (opposite to Mayajal), AMC Ave Road, Karikattukuppam Road (both are near Lydie's restaurant) on ECR...

    Any help is appreciated !!
    CommentQuote
  • Noticed a couple of places missing - Pallikaranai, Nanganallur.
    Could you please add them to the list .

    Because recently i have checked in pallikarani areas flat Rs4500/psqft(backside of balaji dental college)..
    CommentQuote
  • check rates published by NHB:
    NHB
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  • I would suggest "context" along with the price. That is:
    Low price: Rs. 2,000 (Tiles, Country wood door, Parryware fittings, aluminium windows, main doors face each other, etc.)
    Median price: Rs. 5,000 (Vitrified tiles high grade, Power back up for common areas, Teakwood frame, Flush door, Johson fittings, etc.)
    High price: Rs. 20,000 (Marble flooring, 100% power back up including A/c's, Video phone on the door, Teak wood frame and door, Kohler fittings, No wall sharing, separate pathway to main door, etc.)
    CommentQuote