Property Prices in Chennai, India

Index Info
Price to Income Ratio: 7.91
Mortgage as Percentage of Income: 87.07%
Loan Affordability Index: 1.15
Price to Rent Ratio - City Centre: 39.14
Price to Rent Ratio - Outside of Centre: 28.12
Gross Rental Yield (City Centre): 2.56%
Gross Rental Yield (Outside of Centre): 3.56%
Rent Per Month
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Apartment (1 bedroom) in City Centre 16,397.74 ₹ 10,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre 9,717.95 ₹ 7,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 39,952.38 ₹ 25,000.00-75,000.00
Apartment (3 bedrooms) Outside of Centre 21,953.49 ₹ 15,000.00-40,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 15,077.29 ₹ 9,999.92-24,999.79
Price per Square Feet to Buy Apartment Outside of Centre 6,173.68 ₹ 4,999.96-8,999.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 72,305.12 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.27 8.00-12.00

These data are based on 456 entries in the past 18 months from 75 different contributors.
Last update: December 2024

Sources and References
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