Property Rates in Nungambakkam, Chennai 2026

Property prices in Nungambakkam have shown a dynamic trajectory, with the location rate reaching ₹18,700 per sq ft as of Sep 2026, up from ₹15,750 per sq ft in Jun 2026. This upward movement in the most recent quarter suggests a strengthening of buyer interest in the area, following a period of fluctuation where rates were recorded at ₹21,300 per sq ft in Dec 2025.

Nungambakkam, with an average asking price of ₹15,750 per sq ft as of Sep 2026, sits at a premium compared to many other Chennai localities. For context, areas like Perambur currently command an average rate of ₹9,550 per sq ft, which has appreciated by 0.18% from the previous period, while Medavakkam is priced at ₹8,150 per sq ft, reflecting an appreciation of 2.66%. Meanwhile, Egmore is priced higher at ₹16,750 per sq ft, having seen a significant appreciation of 11.59%.

As of Sep 2026, villas in Nungambakkam are priced at an average of ₹19,000 per sq ft, having appreciated by 15.67% compared to the previous period. In comparison, apartments are priced at ₹18,700 per sq ft, which represents a notable appreciation of 18.77% over the same timeframe, highlighting strong demand for both premium housing formats in this locality.

Property prices in Nungambakkam vary by project status, reflecting different risk and readiness profiles for buyers. As of Sep 2026, Ready To Move projects are priced at ₹13,450 per sq ft, showing a stable appreciation of 0.38%. Under Construction projects are priced at ₹12,300 per sq ft, having appreciated by 5.81%, while New Launch projects are currently at ₹11,500 per sq ft, which reflects a depreciation of 7.6% compared to the previous period.

The premium residential landscape in Nungambakkam is led by projects such as Kalpataru One Crest, which is listed at ₹24,250 per sq ft as of Sep 2026, reflecting a slight depreciation of 0.86%. Other prominent projects include VGN Notting Hill at ₹22,700 per sq ft (depreciated by 2.09%) and CEEBROS River Heights at ₹17,950 per sq ft, which has seen a substantial appreciation of 57.23% compared to the previous period.

As of Sep 2026, the average rental rate in Nungambakkam is ₹50 per sq ft, which has seen a depreciation of 27.54% compared to the previous period. For investors, the rental yield in the area is currently 3.81%, providing a benchmark for assessing the income potential of residential assets relative to their capital purchase price.

Rental rates in Nungambakkam are consistent across commercial segments as of Sep 2026. Office spaces are currently available at ₹50 per sq ft, maintaining a stable rate with 0% change. Similarly, co-working spaces are also priced at ₹50 per sq ft, though this represents a depreciation of 3.28% compared to the previous period.

Buyers should use the property rate data for Nungambakkam as a baseline for negotiation and investment planning. By comparing the average asking price of ₹15,750 per sq ft as of Sep 2026 against specific project rates like Kalpataru One Crest or VGN Notting Hill, buyers can identify whether a project is priced at a premium or offers better value. Additionally, observing the appreciation trends in property types and statuses helps in understanding whether the market is currently favoring ready-to-move inventory or newer developments.