Chennai
Kelambakkam has established itself as a key residential hub in Chennai, currently maintaining an average asking price of ₹5,700 per sq ft. The market has seen steady price appreciation over recent quarters, driven by a consistent supply of both completed units and new project launches. Rental activity in the surrounding region, particularly in areas like Sholinganallur, highlights the broader rental demand in this stretch, where rates average ₹100 per sq ft. Developers continue to align their offerings with buyer preferences, focusing on quality construction and strategic locations that cater to the growing workforce in South Chennai.
As of March 2026, the average asking price in Kelambakkam stands at ₹5,700 per sq ft. This figure reflects an appreciation of 6.29% compared to previous periods, indicating a resilient demand for residential apartments in this locality.
Property prices in Kelambakkam have shown an upward trajectory, moving from an average of ₹4,850 per sq ft in September 2025 to ₹5,400 per sq ft in December 2025, and reaching ₹5,700 per sq ft as of March 2026. This consistent quarterly growth signals sustained buyer interest and a tightening supply of residential units in the area.
Property prices in Kelambakkam, currently at ₹5,700 per sq ft as of March 2026, are generally more accessible than several surrounding areas. For instance, Sholinganallur commands a higher average of ₹8,600 per sq ft (which appreciated by 1.04%), while Thazhambur and Medavakkam are priced at ₹7,700 per sq ft and ₹7,950 per sq ft, respectively. Among the nearby locations, Thirumalai Nagar Annexe remains at the higher end with an average of ₹11,050 per sq ft, despite a minor depreciation of 0.17%.
As of March 2026, under-construction projects in Kelambakkam are priced at an average of ₹6,100 per sq ft, having seen a significant appreciation of 13.29%. In contrast, ready-to-move properties are available at a lower average of ₹5,100 per sq ft, which reflects a depreciation of 1.49% compared to previous periods. This price gap often suggests that buyers are currently placing a premium on newer, under-construction developments compared to the existing ready-to-move inventory.
As of March 2026, Mantri Group Synergy 2 leads the market in Kelambakkam with a listing rate of ₹9,200 per sq ft, a rate that has remained stable. Other premium projects include Sobha Meritta at ₹6,900 per sq ft (which appreciated by 11.02%) and Casagrand Suncity, also at ₹6,900 per sq ft (which appreciated by 3.09%). These projects represent the higher end of the local market, reflecting their specific amenities and positioning within the locality.
While Kelambakkam itself currently lacks comprehensive rental data, the nearby Sholinganallur market shows an average rental rate of ₹100 per sq ft as of March 2026. This rate has remained stable with 0% change, providing a benchmark for investors looking at rental income potential in the greater South Chennai corridor. Investors often look at such established rental hubs to gauge the long-term income viability of residential properties in the surrounding, more emerging localities.
Buyers should use the March 2026 data to understand that Kelambakkam is currently experiencing a growth phase, with an average asking price of ₹5,700 per sq ft. By comparing the price of ready-to-move units (₹5,100 per sq ft) against under-construction projects (₹6,100 per sq ft), buyers can determine whether they prioritize immediate possession or the potential for future appreciation in newer developments. Always consider the appreciation or depreciation trends of specific projects, such as the 16.05% increase seen in Advaita Blossom, to gauge the historical performance of your preferred residential options.
