Property Rates in Chennai South, Chennai

Property prices in Chennai South have seen a downward trend over the past year. From June 2025 to March 2026, the average micromarket rate decreased from ₹10,150 per sq ft to ₹6,800 per sq ft, a significant drop. This trajectory suggests a period of price correction or reduced demand in the area.

Property rates in Chennai South show considerable variation across its localities. Guindy currently has the highest average rate at ₹14,700 per sq ft, despite a recent depreciation of 12.07%. Kottivakkam follows with an average rate of ₹14,000 per sq ft, having appreciated by 15.51%. In contrast, Medavakkam offers more affordable options with an average rate of ₹7,950 per sq ft, showing a 3.25% appreciation.

In Chennai South, as of March 2026, apartments have an average price of ₹6,800 per sq ft, experiencing a depreciation of 7.28%. Villas are priced higher at ₹9,550 per sq ft, with a recent appreciation of 4.48%. Commercial properties like shops and office spaces command higher rates, with shops averaging ₹12,650 per sq ft (down 8.34%) and office spaces at ₹12,800 per sq ft (up 7.06%).

As of March 2026, Ready To Move properties in Chennai South are priced at an average of ₹6,400 per sq ft, showing a slight appreciation of 0.86%. Under Construction properties are slightly higher at ₹7,050 per sq ft, with a 1.1% increase. Properties in the 'Advanced Stage' are priced at ₹9,750 per sq ft, reflecting a significant appreciation of 6.64%, while 'Early Stage' properties have depreciated by 16.68% to ₹4,750 per sq ft.

As of March 2026, several projects in Chennai South stand out for their high listing rates. Brigade Icon in Anna Salai leads with ₹26,850 per sq ft, showing a substantial appreciation of 30.47%. SS Amaira in Thiruvanmiyur is listed at ₹21,950 per sq ft, up by 13.55%. Etica Srinidhi in Nandanam is priced at ₹20,000 per sq ft, with no change in rate, alongside Olympia Jayanthi Residences in Shastri Nagar at the same price point.

As of March 2026, the average rental rate for a Studio apartment in Chennai South is ₹25,350 per month. This figure represents the typical monthly rent for this unit type within the residential apartment segment in the area.

Rental rates in Chennai South vary by locality, with Perungudi, Chengalpattu, and Sholinganallur all showing an average rental rate of ₹100 per sq ft as of March 2026, with no change reported in the last period. This suggests a relatively stable rental market across these specific areas.

The recent price trend in Chennai South indicates a buyer's market, with average prices depreciating by 7.28% to ₹6,800 per sq ft as of March 2026. The significant drop from ₹10,150 per sq ft in June 2025 to ₹6,800 per sq ft in March 2026 suggests potential opportunities for buyers seeking lower entry points. Investors might need to carefully evaluate rental yields and long-term appreciation prospects given the current downward price momentum.

As of March 2026, Ready To Move properties in Chennai South are priced at an average of ₹6,400 per sq ft, showing a slight appreciation of 0.86%. Under Construction properties are priced slightly higher at ₹7,050 per sq ft, with a 1.1% increase. This suggests that while both segments are seeing modest growth, Under Construction properties currently command a slight premium.

Within Chennai South, Puzhuthivakkam has seen the most substantial price appreciation, with rates increasing by 22.17% to ₹8,450 per sq ft as of March 2026. On the other hand, Guindy has experienced the largest depreciation, with prices falling by 12.07% to ₹14,700 per sq ft during the same period. Kottivakkam also showed strong growth, appreciating by 15.51%.