Property Rates in Nungambakkam, Chennai 2026

Property prices in Nungambakkam vary significantly by type, with villas commanding a premium over apartments as of June 2026. Villas are currently priced at an average of ₹19,000 per sq ft, having appreciated by 15.67% over the observed period. In contrast, apartments are priced at ₹15,750 per sq ft, which represents a depreciation of 26.07% from the previous period. This divergence suggests that while the broader apartment market has seen a correction, the villa segment has demonstrated strong growth and resilience.

Pricing in Nungambakkam as of June 2026 is segmented by project status, with Ready To Move properties averaging ₹13,400 per sq ft, reflecting an 18.17% depreciation. Under Construction projects are currently priced at ₹11,600 per sq ft, showing a 22.55% depreciation, while New Launch projects average ₹12,400 per sq ft, marking a 17.01% depreciation. These trends across all status categories indicate a consistent softening in asking prices over the comparison period, which may offer more competitive entry points for buyers currently looking in the area.

The premium residential landscape in Nungambakkam is led by projects such as Kalpataru One Crest at ₹24,450 per sq ft (depreciated by 5.01%), Akshaya Level Up at ₹23,850 per sq ft (stable with 0% change), and VGN Notting Hill at ₹23,200 per sq ft (depreciated by 0.94%) as of June 2026. Other notable projects include Radiance Maraikayar Manor at ₹17,400 per sq ft, which saw a 24.08% depreciation, and JP Towers Nungambakkam at ₹16,150 per sq ft, which appreciated by 7.65%. These rates reflect the diverse positioning of luxury and mid-segment developments within the locality.

The rental market in Nungambakkam shows an average rental rate of ₹69 per sq ft as of June 2026, which has appreciated by 21.05% compared to the previous period. Investors can expect a rental yield of 5.26%, a key metric that highlights the income-generating potential of properties in this area relative to their capital value. This significant appreciation in rental rates suggests a robust demand for leased spaces, making it an attractive proposition for income-focused real estate investors.

As of June 2026, rental rates for commercial properties in Nungambakkam show distinct trends by category. Office spaces are currently available at ₹50 per sq ft, having depreciated by 27.54% from the previous period. Conversely, co-working spaces are also priced at ₹50 per sq ft but have experienced an appreciation of 8.2% over the same timeframe. This contrast highlights a shift in demand dynamics, where flexible workspace solutions are showing stronger growth compared to traditional office space rentals.

Investors should view the price trends in Nungambakkam as a reflection of a dynamic market that has experienced recent fluctuations. As of June 2026, the location rate stands at ₹15,750 per sq ft, following a period where rates shifted from ₹21,300 per sq ft in December 2025. This volatility, coupled with the current rental yield of 5.26%, suggests that while capital appreciation has been inconsistent, the rental income potential remains a stable pillar for long-term investment strategies in this central Chennai locality.