loader

6 Best areas to live in Chennai with Price Trends

Admin 28 Apr 2022 606 Views
Knowledge Purchase

Finding the house of your dreams is not a piece of cake, my friend. There are various factors such as cost, budget, size and basic requirements that you must consider while making your final decision about the property.

The beautiful city of Chennai is well known for its rich traditions and how can we forget the humid climate. It's pretty similar to the other cities in India. Over the last couple of years, Chennai has seen a boom in the IT sector that has led to the establishment of IT parks which has ultimately resulted in the expansion of the limits of Chennai due to which we have witnessed how the number of suburbs have increased.

The best thing that came out of all of this is that now the home seekers will have plenty of options in hand to pick from. If you are searching for a place in Chennai or moving to Chennai, then here's the list of the best neighborhoods that are present in the city.

What are the Best areas to live in Chennai?

Let's take a quick look at the areas that are best for residing in Chennai. This city will provide you with a metropolitan lifestyle, including outstanding healthcare, top-notch academics, an abundance of greenery and delicious cuisine.

The capital city of Tamil Nadu is known as the greatest cultural, economic, and educational hub in south India. If you ask me, Chennai is one of the most desirable places to stay in India. Following are the best places to reside in Chennai along with their price trends:

1. Adyar

Adyar is one of the nicest residential areas in Chennai.  It offers a perfect blend of a tranquil area with a booming information technology industry in the surrounding area. This residential area consists of some of the city's oldest structures. It is described as the most fashionable neighbourhood in Chennai as it gives you easy access to the beach, top restaurants as well as shopping centres.

Let me tell you, the prices of property in this area are as high as the sky. At the moment, the average price of a property in Adyar is Rs 14,299 per sq ft. The monthly rent in Adyar stands tall at Rs 30,793.

2. Anna Nagar

A place like Anna Nagar will let you see the beautiful blend of old-world charm and modernity. It has a great neighborhood, stunning infrastructure and a thick green canopy which is like a cherry on the top. Anna Nagar has excellent connectivity to the other parts of the city. It's a big plus point. You will be able to find many schools and institutions in close proximity.

Currently, the average property price in Anna Nagar is Rs 14,125 per sq ft. On the other hand, if we talk about the average monthly rent it is Rs 30,303.

3. Gopalapuram

Gopalapuram is one of the most picturesque neighborhoods situated in Chennai. It is the home of many celebs as well. This neighborhood garnered the attention of the audience when everyone got to know that the former chief minister of the state, K Karunanidhi lives here. Along with that, Gopalapuram is also home to several prestigious educational institutions. 

As of now, the average price of a property in Gopalapuram is Rs 21,077 per sq ft. The monthly rent in this area is Rs 35,792. Keep a track of your budget while buying a house.

4. Besant Nagar

Besant Nagar is one of the most sought places to live in Chennai. It gives you easy access to the beach. It is a tranquil neighbourhood with practically everything that you will need for a comfortable lifestyle and that too within walking distance. If you are searching for a place that should have a beach view, then you can surely check out properties in Besant Nagar.

The prices of the properties have seen a huge jump in this area over several years. Right now, the average property price in Besant Nagar is Rs 16,196 per sq ft. and if we discuss about the average monthly rent it is Rs 48,629.

5. Avadi

Avadi is considered one of the oldest residential areas in Chennai. Previously, it was popular for many military institutions and manufacturing facilities. If you are a working professional or someone who has a big family, then Avadi might be an ideal spot for you as it has a robust social infrastructure, which includes reputable educational and healthcare institutions, a wide range of career options, and its proximity to well-developed places.

This area has had quite a demand among IT professionals. Presently, the average property price in Avadi is Rs 4,245 per sq ft. and when we ponder about the average monthly rent it is Rs 14,337.

6. Siruseri

Siruseri is referred to as a good and reasonably priced place to live, for those with families and those approaching retirement. This area provides you with plenty of schools, colleges, universities, hospitals, and places of work. A large majority of places in Siruseri are occupied with contemporary facilities like clubhouses and fitness centres, all of which are located on the grounds of the community. Siruseri is a place that has brilliant connectivity as it is an information technology centre.

The prices of properties in Siruseri are reasonable. At this point, the average price of a property in Siruseri is Rs 4,570 per sq ft. and the monthly rent in Siruseri is Rs 15,032.

Conclusion

Before signing any piece of paper related to a real estate property that you are planning to buy in the near future, make sure that you are well informed about every detail that has been stated in the official documents of the property.

Buying a house is pretty much a big deal to everyone in the whole wide world. You wouldn't like it if you will make a bad decision and end up in a place that's not your vibe. So be smart, take your time and then make your decision after weighing all the pros and cons.

About Author

user

Jatin Dubey

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.

An enthusiastic content writer who is a law graduate and has been working as Real Estate Consultant for around 9 years.
He has worked with top Real Estate Agencies and Builders in Delhi, Bangalore and Pune. His skills to perform market analysis and explore high potential localities has helped many clients in the past.