Chennai
The real estate landscape in Minjur is characterized by a focused supply of villa properties, providing a niche alternative to the high-density apartment markets found in surrounding Chennai localities. Recent trends indicate a minor price correction, offering potential value for long-term residential buyers. While nearby areas like Anna Nagar West and Egmore command significantly higher rates, Minjur maintains a distinct position for villa-centric investment. The market dynamics are largely driven by developer activity in low-density housing, which contrasts with the vertical growth seen in the city center.
The average asking price in Minjur reached ₹11,950 per sq ft as of March 2026. This reflects a significant upward trajectory in the local market, as prices rose from ₹9,900 per sq ft in September 2025 to ₹10,000 per sq ft in December 2025, and subsequently to ₹11,950 per sq ft by March 2026. This consistent growth indicates strengthening demand and investor confidence in the region over the observed period.
Property rates in Minjur, which stood at ₹11,950 per sq ft as of March 2026, are positioned differently compared to several surrounding areas. For instance, Anna Nagar West commands a higher average asking price of ₹15,550 per sq ft (up 4.91% from previous periods), while Egmore is priced at ₹15,000 per sq ft (up 5.16%). Conversely, more affordable options are available in areas like Kolathur at ₹6,700 per sq ft (up 6.89%) and Mogappair at ₹6,600 per sq ft (which saw a depreciation of 8.19%). These variations highlight that Minjur occupies a mid-to-premium segment relative to these specific Chennai localities.
The average asking price for villas in Minjur is ₹3,800 per sq ft as of June 2026. This segment experienced a slight depreciation of 1.38% compared to the previous period, suggesting a minor market correction for this specific property type. Investors and homebuyers looking for villa-style living in Minjur should note this price point as a baseline for their budget planning.
The average rental rate in Egmore is ₹100 per sq ft as of June 2026. This rate has remained stable with a 0% change, indicating a balanced rental market where supply and demand are currently in equilibrium. For those considering rental investments in the broader region, Egmore serves as a stable benchmark for rental income expectations.
