Property Rates in Muttukadu, Chennai 2026

Property prices in the Muttukadu micromarket have shown a fluctuating trajectory, moving from ₹10,150 per sq ft in September 2025 to ₹7,300 per sq ft in December 2025, followed by a dip to ₹6,800 per sq ft in March 2026, and a recovery to ₹7,800 per sq ft by June 2026. This volatility suggests that buyers should closely monitor project-specific listings as the broader micromarket average adjusts to shifting supply and demand dynamics.

Property rates in Muttukadu, currently at ₹8,100 per sq ft, are positioned differently compared to surrounding localities as of June 2026. For instance, Sholinganallur commands an average asking price of ₹8,600 per sq ft, which has appreciated by 1.04% compared to the previous period, while Perungudi sits at a higher average of ₹11,050 per sq ft, having depreciated by 0.55% over the same timeframe. These variations highlight how proximity to IT corridors and infrastructure development influences the premium commanded by different neighbourhoods.

As of June 2026, Ready To Move properties in Muttukadu are priced at an average of ₹6,500 per sq ft, reflecting a significant depreciation of 24.3% compared to the previous period. In contrast, New Launch projects are currently priced at ₹6,450 per sq ft, which represents a notable appreciation of 26.22% over the same period. This trend suggests a narrowing price gap between completed inventory and new supply, offering potential buyers distinct entry points depending on their preference for immediate possession versus newer construction standards.

Prominent projects in Muttukadu include Altis Oceanique and VGN Coasta, both currently listed at ₹6,550 per sq ft and ₹6,450 per sq ft respectively as of June 2026. Altis Oceanique has seen a depreciation of 28.73% in its listing rate, while VGN Coasta has experienced a depreciation of 19.2% over the comparison period. Additionally, Vijay Raja VRX Terrace is listed at ₹6,450 per sq ft, marking a strong appreciation of 26.22% during the same timeframe.

Rental rates in the vicinity of Muttukadu show consistent pricing across key hubs as of June 2026. Both Sholinganallur and Perungudi currently command an average rental rate of ₹100 per sq ft. These rental rates have remained stable with a 0% change, reflecting consistent demand for rental housing in these established residential and commercial corridors.

Prospective buyers should use the June 2026 data for Muttukadu as a baseline for negotiation and market assessment, rather than a fixed transaction price. By comparing the current average asking price of ₹8,100 per sq ft against the specific rates of projects like Altis Oceanique or VGN Coasta, buyers can better identify value. It is also essential to consider the status-wise pricing, as the difference between Ready To Move and New Launch rates can significantly impact the total cost of acquisition.