Property Rates in Nungambakkam, Chennai

Property prices in Nungambakkam have seen fluctuations over the past year. From June 2025 to March 2026, the micromarket rate increased from ₹9,550 to ₹15,000 per sq ft, appreciating by 57.07%. However, the overall location rate experienced a dip from ₹21,800 per sq ft in September 2025 to ₹21,300 per sq ft in March 2026, a depreciation of 2.29% over that specific period. This suggests varied performance across different segments within the locality.

In Nungambakkam, apartments are currently priced higher than villas. As of March 2026, apartments have an average price of ₹21,300 per sq ft, though this reflects a depreciation of 2.19% from the previous period. Villas, on the other hand, are priced at ₹19,000 per sq ft, but have seen a significant appreciation of 15.67%.

In Nungambakkam, 'Ready To Move' properties have the highest average price at ₹16,750 per sq ft as of March 2026, showing an appreciation of 2.03%. 'New Launch' properties are priced slightly lower at ₹15,500 per sq ft, with a 3.61% appreciation. Properties in 'Mid Stage' and 'Under Construction' are priced similarly around ₹16,250 per sq ft, with 'Mid Stage' appreciating by 9.1% and 'Under Construction' by 7.73%.

As of March 2026, the projects in Nungambakkam with the highest listing rates include 'Akshaya Level Up' at ₹23,850 per sq ft, which has remained stable. 'VGN Notting Hill' is listed at ₹23,200 per sq ft, showing a slight depreciation of 0.94%. 'Kalpataru One Crest' is priced at ₹22,650 per sq ft, having depreciated by 12.02%.

Property rates vary significantly across neighborhoods near Nungambakkam. Egmore shows an average rate of ₹15,000 per sq ft with a 5.16% appreciation, while Anna Nagar West is at ₹15,550 per sq ft, up by 4.91%. In contrast, Koyambedu has a lower average rate of ₹8,500 per sq ft, experiencing a depreciation of 3.36%, and Nerkundram is priced at ₹7,950 per sq ft with a 5.05% appreciation.

The average rental rate in Nungambakkam is ₹69 per sq ft as of March 2026, representing a significant appreciation of 21.05%. The rental yield stands at 3.89%, suggesting that property owners can expect a modest annual return on their investment relative to the property's capital value. This yield is particularly relevant for investors looking for rental income in addition to potential capital appreciation.

In Nungambakkam, rental rates vary by property type. As of March 2026, 'office space' commands an average rental rate of ₹50 per sq ft, showing a strong appreciation of 21.05%. 'Co-working space' is also priced at ₹50 per sq ft, with a 15.09% appreciation. These figures indicate a robust demand for commercial and flexible workspace rentals in the area.

Rental rates in micromarkets surrounding Nungambakkam show considerable variation. Egmore has the highest average rental rate at ₹100 per sq ft with stable pricing. Ekkatuthangal also averages ₹100 per sq ft, with no change reported. In contrast, Thyagaraya Nagar and Ashok Nagar both have lower average rental rates of ₹50 per sq ft, with Thyagaraya Nagar experiencing a depreciation of 13.1%.

The property price trends in Nungambakkam present a mixed picture for buyers and investors. While the overall average asking price remained stable as of March 2026, the micromarket rate saw substantial growth from June 2025 to March 2026. The appreciation in 'Ready To Move' properties (2.03%) and 'Under Construction' properties (7.73%) suggests continued demand, but the slight depreciation in apartments (-2.19%) warrants careful consideration for potential buyers.

As of March 2026, the average asking price for Nungambakkam is ₹21,300 per sq ft, which has remained stable. However, the micromarket rate for the same period is ₹15,000 per sq ft, showing a significant appreciation from ₹9,550 per sq ft in June 2025. This suggests that while the overall locality average is high and stable, specific micromarket segments have experienced substantial growth and offer potentially better value or investment opportunities.

As of March 2026, 'Ready To Move' properties in Nungambakkam are priced at an average of ₹16,750 per sq ft, showing a 2.03% appreciation. 'Under Construction' properties are slightly lower at ₹16,150 per sq ft, with a 7.73% appreciation. The premium for 'Ready To Move' properties indicates a preference for immediate occupancy, while the strong appreciation in 'Under Construction' properties suggests positive future value expectations.