Property Rates in Chromepet, Chennai 2026

Property prices in Chromepet have shown a dynamic trajectory over the past year. According to data from June 2026, the micromarket rate reached ₹7,800 per sq ft, rising from ₹6,800 per sq ft in March 2026. This upward movement from the previous quarter suggests strengthening demand within the area.

Property prices in Chromepet vary significantly when compared to surrounding areas in Chennai. For instance, Velachery commands a higher average asking price of ₹11,300 per sq ft, while Tambaram West is more affordable at ₹5,350 per sq ft, which depreciated by 9.44% over the observed period. Other nearby localities like Pallavaram and Medavakkam currently see average rates of ₹8,950 per sq ft and ₹7,950 per sq ft, respectively.

As of June 2026, apartments in Chromepet are priced at an average of ₹8,000 per sq ft, having appreciated by 33.28% compared to the previous period. In contrast, villas are available at an average of ₹7,200 per sq ft, which reflects a depreciation of 5.09% over the same timeframe.

Property status significantly impacts the average asking price in Chromepet as of June 2026. Ready To Move projects are priced at ₹5,800 per sq ft, reflecting an appreciation of 6.42% compared to the previous period. Meanwhile, New Launch projects are priced at ₹5,750 per sq ft, showing a 7.51% appreciation, and Mid Stage projects are at ₹6,700 per sq ft, which has appreciated by 8.69%.

As of June 2026, Mantri Group Navaratna is among the premium options in Chromepet with a listing rate of ₹7,500 per sq ft, showing stable pricing with a 0% change. Other notable projects include Arthveda Pranav Navarathna at ₹6,700 per sq ft, which has appreciated by 8.69%, and several projects like Patson Spring, Eesha Constructions Sri Ranga Padhuka, and GK Blossom, all currently listed at ₹6,200 per sq ft with varying degrees of appreciation ranging from 12.11% to 13.74%.

While specific rental data for Chromepet is currently limited, surrounding micromarkets show consistent rental rates. As of June 2026, Sholinganallur, Ekkatuthangal, and Perungudi all maintain an average rental rate of ₹100 per sq ft. These rates have remained stable with a 0% change, providing a benchmark for rental expectations in the broader Chennai south region.

Investors should view the June 2026 data for Chromepet as a signal of a maturing market with distinct segments. With apartment prices appreciating by 33.28% and Ready To Move projects showing a 6.42% increase, the data suggests a preference for established residential units. By comparing these trends against the stable rental rates in nearby localities like Sholinganallur and Perungudi, investors can better evaluate the balance between capital appreciation and potential rental income.