What is the price of flats in Chennai in 2026?
On Property Point listings (October 2026) a 1 BHK typically starts near ₹45 lakh, a 2 BHK near ₹75 lakh, a 3 BHK near ₹1.35 crore and a 4 BHK near ₹2.8 crore. Add stamp duty and registration of 6–9% for a new flat.
What is the price per sq ft in Chennai?
Knight Frank puts the city's weighted average at about ₹7,555 per sq ft (H1 2026). Suburban rates run from about ₹5,480 on GST Road (ANAROCK, Q2 2026) to about ₹9,950 on OMR (Square Yards, June 2026); central addresses cost far more.
Which are the best areas to buy a flat in Chennai?
For IT jobs, OMR from Perungudi to Navalur; for the west and Guindy, Porur, Manapakkam and Mogappair; for value and the airport, GST Road; for the coast, ECR. Weigh commute, metro access and flood exposure.
Where can I buy a flat under ₹50 lakh or ₹1 crore in Chennai?
Most of our sub-₹1 crore listings are on OMR, in Porur and West Chennai, and on GST Road. Under ₹50 lakh the choice narrows to 1 and 2 BHK homes in the outer belts such as GST Road, the west and north Chennai.
How many new projects are there in Chennai?
Property Point lists around 175 new and recently completed projects in Chennai (October 2026). The counts by BHK, status and budget on this page update with the catalogue.
Is a ready-to-move or under-construction flat better in Chennai?
A ready flat with a completion certificate has no GST and no delivery risk. An under-construction flat usually costs less per sq ft and is paid in stages, but adds 5% GST and depends on timely delivery. Check the TNRERA completion date.
What legal checks should I do before buying a flat in Chennai?
Check the TNRERA registration, the CMDA or DTCP approval, the patta and chitta, the encumbrance certificate and the completion certificate for a ready flat. Our legal checklist covers each step.
What are stamp duty and registration charges in Chennai?
For a new flat on a composite sale deed, stamp duty is 4% up to ₹50 lakh, 5% up to ₹3 crore and 7% above, plus a 2% registration fee. A resale flat attracts 7% duty plus 2% registration.
Can NRIs buy flats in Chennai?
Yes. NRIs and OCI cardholders can buy residential property in India without RBI permission, paying from NRE, NRO or FCNR accounts, but cannot buy agricultural land. Our NRI desk can take you through the documents and payments.
