Property Rates in Chennai
Property in Chennai averages about ₹7,555 per sq ft (Knight Frank India, weighted average, H1 2026), up about 5% year on year. Across the 5 localities we track with a published figure, rates run from about ₹5,480 in GST Road to ₹9,950 in OMR (IT Corridor). Updated 12 October 2026.
- City average / sq ft
- ₹7,555
- Knight Frank, H1 2026 (Jan–Jun 2026)
- Year-on-year
- 5%
- Knight Frank, H1 2026 vs H1 2025
- Homes sold
- 5,395
- ANAROCK, Q3 2026 (Jul–Sep 2026)
- Unsold homes
- 19,722
- Knight Frank, End of H1 2026
Chennai property rates by locality
| Locality | ₹ / sq ft | YoY | Gross yield | Price source |
|---|---|---|---|---|
| OMR (IT Corridor) | ₹9,950 | 7% | — | Square Yards locality price-trends page, Jun 2026 |
| Porur | ₹9,250 | 0% | — | Square Yards locality price-trends page, Jun 2026 |
| Medavakkam | ₹8,150 | — | — | Square Yards locality price-trends page, Jun 2026 |
| Mogappair | ₹6,950 | 13% | — | Square Yards locality price-trends page, Jun 2026 |
| GST Road | ₹5,480 | 4.4% | 4.05% | ANAROCK Research, Q2 2026 (Apr–Jun 2026) |
Each figure is shown with its own source and basis. ANAROCK figures are average quoted base prices for new launches on super built-up area; Square Yards figures are portal asking prices, which include resale; the city average above is Knight Frank's weighted average across all homes sold. Growth and yield come from the source named on each locality page. A directional benchmark, not a valuation.
Chennai property rates by area: 25 localities
Average asking price per sq ft as published for each locality, next to the median of new projects on our books where we list three or more. Asking prices include resale homes; new launches usually quote higher.
Sources: Square Yards locality price-trends page (read 12 October 2026). Our median is from Property Point listings (developer information, indicative, October 2026). A directional benchmark, not a valuation.
Other localities
No reliable published average exists for these yet. Each page shows flat prices by BHK from the projects Property Point lists there.
- Adyar
- Ambattur
- Anna Nagar
- Avadi
- Besant Nagar
- Chromepet
- ECR
- Egattur
- Guduvancheri
- Guindy
- Injambakkam
- Iyyappanthangal
- Karapakkam
- Kelambakkam
- Kilpauk
- Kolathur
- Kovilambakkam
- Madhavaram
- Madipakkam
- Mahindra World City
- Manapakkam
- Mylapore
- Navalur
- Nungambakkam
- Oragadam
- Padur
- Pallavaram
- Pallikaranai
- Perumbakkam
- Perungudi
- Poonamallee
- Selaiyur
- Semmancheri
- Sholinganallur
- Siruseri
- T Nagar
- Tambaram
- Thiruvanmiyur
- Thoraipakkam
- Valasaravakkam
- Vandalur
- Velachery
Property rates in Chennai: FAQs
What is the average property rate in Chennai per sq ft in 2026?
About ₹7,555 per sq ft, Knight Frank India's weighted average for H1 2026 (Jan–Jun 2026), about 5% higher than a year earlier. It averages every home sold, so new launches in prime areas quote well above it.
Which is the costliest area in Chennai?
Among the localities we track with a published figure, OMR (IT Corridor) is highest at about ₹9,950 per sq ft (Square Yards locality price-trends page, Jun 2026). Sources use different bases, so treat close figures as similar.
Where is property most affordable in Chennai?
Among the localities we track with a published figure, GST Road is lowest at about ₹5,480 per sq ft (ANAROCK Research, Q2 2026 (Apr–Jun 2026)). Outer areas without a reliable published figure may be cheaper still.
What is the rental yield in Chennai?
The one locality we track with a published yield, GST Road, shows about 4.05% gross, computed from the same source's rent and price. Net yield after maintenance, tax and vacancy is lower.
Why do property rate figures for Chennai differ between websites?
They measure different things. A city average weights every home sold; ANAROCK figures are quoted base prices for new launches on super built-up area; portal figures are asking prices that include resale. We show each figure with its source rather than blending them.
How are the rates on this page made?
Every ₹/sq ft, growth and yield figure is a published number with a named source and date. Where no reliable published figure exists for a locality, we show none and link to its page, where flat prices by BHK come from the projects we list.
Sources: Knight Frank India, India Real Estate H1 2026; ANAROCK Research quarterly housing data; ANAROCK and Square Yards locality figures as dated in the table. See also the price trends report, property in Chennai and rates for all three cities.