Chennai
The real estate landscape in and around Minjur presents a mix of emerging and established residential segments. While villa options in Minjur are currently priced at ₹3,800 per sq ft, the surrounding Chennai market shows significant variance, with prime locations like Anna Nagar West and Egmore reaching upwards of ₹15,000 per sq ft. Rental activity is also notable, particularly in central hubs like Egmore where rental rates average ₹100 per sq ft. This diversity in pricing and rental potential creates distinct opportunities for different classes of investors.
As of Jun 2026, the average asking price in Minjur stands at ₹11,800 per sq ft. This figure reflects a slight downward trend, as prices depreciated by 1.26% from Mar 2026 to Jun 2026, following a period of growth observed earlier in the year.
Property prices in Minjur have shown a fluctuating trajectory over the past year, moving from ₹9,900 per sq ft in Sep 2025 to a peak of ₹11,950 per sq ft in Mar 2026, before settling at ₹11,800 per sq ft in Jun 2026. This movement suggests a period of market correction following the rapid appreciation seen between Dec 2025 and Mar 2026.
Property prices in Minjur, at ₹11,800 per sq ft as of Jun 2026, are positioned significantly higher than several surrounding areas. For instance, neighbourhoods like Kolathur and Mogappair currently see average asking prices of ₹6,700 per sq ft and ₹6,600 per sq ft respectively, while premium areas like Anna Nagar West and Egmore command higher rates of ₹15,550 per sq ft and ₹15,000 per sq ft.
As of Jun 2026, the average asking price for villas in Minjur is ₹3,800 per sq ft. This sector has experienced a marginal depreciation of 1.38% compared to the previous period, indicating a stable but soft demand for independent villa properties in this specific micro-market.
As of Jun 2026, the average rental rate in Egmore is ₹100 per sq ft. This rate has remained stable with a 0% change, indicating a consistent rental market that has neither appreciated nor depreciated over the observed period, providing predictable income potential for property owners in the area.
Investors should view the recent price movement in Minjur as a stabilization phase following the growth witnessed between Dec 2025 and Mar 2026. With the average asking price currently at ₹11,800 per sq ft as of Jun 2026, the market is adjusting after the sharp increase from ₹10,000 per sq ft in Dec 2025, which may present a more balanced entry point for long-term investors.
Among the surrounding localities, Perambur has demonstrated the most notable growth, with average asking prices appreciating by 14.79% to reach ₹9,500 per sq ft as of Jun 2026. Other areas like Kolathur have also seen positive movement, with prices appreciating by 6.89% to reach ₹6,700 per sq ft over the same period.
Yes, Mogappair has experienced a price correction, with average asking prices depreciating by 8.19% to reach ₹6,600 per sq ft as of Jun 2026. This indicates a softening of demand or an increase in available inventory in that specific neighbourhood compared to the previous period.
