Chennai, previously known as Madras, is one of the four metropolises of India. Being the capital of Tamil Nadu, the city is the centre of all political, business and cultural activities of the state. The city has gradually changed its profile. Earlier it was popular for being a trading spot, but now a house for sale in Chennai is something which attracts everyone. Now it is gaining repute for its IT and industrial development. The Chennai property market is driven by the commercial and residential segment. Most of the development is happening on the Old Mahabalipuram Road. Here, many plush property projects are coming up. Most of the commercial development is focused around the IT industry. This comprehensive chart is specially designed to keep you in the best knowledge of areas and their ongoing property trends which will help you in finding your dream home right away. Last Updated: September 2010
| CAPITAL VALUE |
| Locality | Apartment (Rs/sq ft) | Plot (Rs/Ground* in Lakh) |
| Apr-Jun’10 (%) | Sep’10 | Apr-Jun’10 (%) | Sep’10 |
| North (1) | -2 to 0 | 5300-6000 | 0 | 68-78 |
| West (10) | -30 to 25 | 2600-10000 | 0 to 16 | 45-118 |
| South (12) | -25 to 30 | 3400-16000 | -19 to 20 | 36-250 |
| Central (3) | -9 to 30 | 6000-9000 | 0 to 30 | 216-275 |
| IT Corridor(8) | -9 to 14 | 2800-5500 | -7 to 28 | 31-117 |
| Others (18) | -22 to 0 | 3400-26000 | -20 to 15 | 46-560 |
|
| RENTAL VALUE |
| Locality | Apartment 2 BHK (Rs/month) |
| Apr-Jun’10 (%) | Sep’10 |
| North (1) | 0 | 13000-17000 |
| West (10) | 0 to 29 | 7500-23000 |
| South (12) | -12 to 11 | 8500-21000 |
| Central (3) | -9 to 0 | 19000-26000 |
| IT Corridor(8) | -13 to 0 | 8000-15000 |
| Others (18) | -15 to 20 | 8500-75000 |
|
Source: http://content.magicbricks.com/property-rates-in-chennai
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