Property Rates in Muttukadu, Chennai 2026

Property rates in Muttukadu vary significantly compared to surrounding areas in Chennai. For instance, neighbourhoods like Perungudi and Thirumalai Nagar Annexe command higher average asking prices of ₹11,050 per sq ft, though both have seen slight depreciations of 0.55% and 0.17% respectively from June 2025 to June 2026. Conversely, more affordable options are available in Kelambakkam at ₹5,700 per sq ft, which has appreciated by 6.29% over the same period, and Padur at ₹6,800 per sq ft, which has seen an appreciation of 3.15%.

As of June 2026, Ready To Move apartments in Muttukadu are priced at an average of ₹5,900 per sq ft, having experienced a depreciation of 31.07% compared to the previous period. In contrast, New Launch projects are currently averaging ₹5,800 per sq ft, reflecting a significant appreciation of 14.28% over the same timeframe. This data suggests that while Ready To Move inventory has seen a market correction, new supply is entering the market at a higher price point than before.

The top residential projects in Muttukadu based on listing rates include Altis Oceanique, Vijay Raja VRX Terrace, and VGN Coasta. Altis Oceanique is currently listed at ₹6,000 per sq ft, which represents a depreciation of 34.74% compared to the previous period. Vijay Raja VRX Terrace is priced at ₹5,800 per sq ft, showing an appreciation of 14.28%. VGN Coasta is also listed at ₹5,800 per sq ft, reflecting a depreciation of 26.84% from the previous period.

Investors looking at the rental market near Muttukadu will find consistent rental rates of ₹100 per sq ft in both Sholinganallur and Perungudi as of June 2026. These rates have remained stable with a 0% change, suggesting a steady rental demand in these established hubs. While specific rental yield data for Muttukadu is currently unavailable, these neighbouring benchmarks provide a useful reference for potential income-generating properties in the broader region.

The price trend in Muttukadu has shown fluctuations leading up to June 2026. The micromarket rate was recorded at ₹6,800 per sq ft in March 2026, following a rate of ₹7,300 per sq ft in December 2025 and a peak of ₹10,150 per sq ft in September 2025. These shifts indicate a cooling trend in the micromarket rates over the last three quarters, which buyers may interpret as a potential window for negotiation compared to the higher valuations seen in late 2025.