Property Rates in Kelambakkam, Chennai 2026

Property prices in Kelambakkam vary significantly when compared to surrounding neighbourhoods in Chennai. As of June 2026, nearby areas show diverse pricing: Sholinganallur commands a higher average of ₹8,600 per sq ft (up 1.04%), while Medavakkam is priced at ₹7,950 per sq ft (up 3.25%). Other nearby localities include Thazhambur at ₹7,700 per sq ft (up 0.53%), Santhosapuram at ₹7,350 per sq ft (up 6.14%), Padur at ₹6,800 per sq ft (up 3.15%), Perumbakkam at ₹6,550 per sq ft (up 0.86%), and Chitlapakkam at ₹6,400 per sq ft (up 2.06%). Conversely, Thoraipakkam has seen a slight depreciation of 0.3%, bringing its average to ₹8,500 per sq ft, while Thirumalai Nagar Annexe remains the most premium in the vicinity at ₹11,050 per sq ft, despite a marginal depreciation of 0.17%.

As of June 2026, there is a clear price distinction based on project status in Kelambakkam. Ready To Move properties are currently priced at an average of ₹5,100 per sq ft, which has seen a depreciation of 1.49% over the observed period. In contrast, Under Construction projects are commanding a premium at ₹6,100 per sq ft, having experienced a significant appreciation of 13.29%. This trend suggests that buyers are currently placing a higher value on newer, under-construction inventory in the area.

As of June 2026, Mantri Group Synergy 2 leads the local market with a listing rate of ₹9,200 per sq ft, maintaining stable pricing with 0% change. Other premium projects include Sobha Meritta and Casagrand Suncity, both listed at ₹6,900 per sq ft; Sobha Meritta has seen an appreciation of 11.02%, while Casagrand Suncity appreciated by 3.09%. Additionally, PBEL City Tower Panama is listed at ₹6,850 per sq ft with stable pricing, and Alliance Jasmine Springs is at ₹6,800 per sq ft, showing a notable appreciation of 15.65%.

While Kelambakkam itself does not currently have a consolidated average rental rate, investors looking at the broader region can look to nearby hubs for benchmarks. For instance, Sholinganallur currently reports an average rental rate of ₹100 per sq ft, with rates remaining stable at 0% change as of June 2026. Investors should monitor these regional trends to gauge potential income yields, as rental demand in nearby IT-corridor localities often influences the overall investment appeal of the Kelambakkam micro-market.

As of June 2026, new launch projects in Kelambakkam are priced at an average of ₹6,200 per sq ft. This segment has experienced a minor depreciation of 0.3% over the observed period. While this indicates a slight softening in the new launch segment, it remains priced higher than the overall locality average of ₹5,700 per sq ft, reflecting the premium typically associated with the latest project offerings.