Property Prices in Chennai, India

Index Info
Price to Income Ratio: 8.18
Mortgage as Percentage of Income: 90.26%
Loan Affordability Index: 1.11
Price to Rent Ratio - City Centre: 41.42
Price to Rent Ratio - Outside of Centre: 26.15
Gross Rental Yield (City Centre): 2.41%
Gross Rental Yield (Outside of Centre): 3.82%
Rent Per Month
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Apartment (1 bedroom) in City Centre 16,755.88 ₹ 10,000.00-30,000.00
Apartment (1 bedroom) Outside of Centre 10,014.71 ₹ 7,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 37,375.00 ₹ 30,000.00-60,000.00
Apartment (3 bedrooms) Outside of Centre 22,694.12 ₹ 15,000.00-30,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 15,580.76 ₹ 9,999.92-24,999.79
Price per Square Feet to Buy Apartment Outside of Centre 5,927.44 ₹ 4,645.11-8,999.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 70,783.78 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.31 8.00-13.00

These data are based on 369 entries from 56 contributors over the past 18 months.
Last update: 10 June 2025

Sources and References
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