Property Rates in Chennai

Chennai's real estate market offers diverse property types catering to varied investment and living needs. Apartments, the most common residential segment, are priced at ₹7,920 per sq ft, showing a notable decline of -35.78%. Villas are available at ₹9,701 per sq ft with a decrease of -3.51%. For commercial investments, shops are priced at ₹12,660 per sq ft, experiencing a -8.34% change, while office spaces are at ₹12,645 per sq ft, marking a positive growth of 7.22%.

The Chennai property market presents a wide spectrum of project statuses, offering choices for immediate buyers and long-term investors. 'Ready To Move' properties are the most abundant, with 2362 units averaging ₹7,616 per sq ft and a slight positive trend of 0.93%. 'Under Construction' projects offer 131 units at ₹8,391 per sq ft with a modest 1.57% increase. 'New Launch' projects add 421 units priced at ₹8,436 per sq ft, showing a 0.86% rise, indicating ongoing development and new opportunities.

In Chennai's rental market, studio apartments are the primary reported unit type, with residential studios averaging ₹25,333 per month. This suggests a focused demand for compact living spaces within the city's rental inventory.

Office spaces in Chennai's rental market are priced at an average of ₹71 per sq ft, showing a slight decrease of -1.39% year-on-year. This indicates a stable but slightly softening rental demand for commercial office environments.