Property Prices in Chennai, India

Index Info
Price to Income Ratio: 14.13
Mortgage as Percentage of Income: 157.15%
Loan Affordability Index: 0.64
Price to Rent Ratio - City Centre: 41.65
Price to Rent Ratio - Outside of Centre: 25.39
Gross Rental Yield (City Centre): 2.40%
Gross Rental Yield (Outside of Centre): 3.94%
Rent Per Month
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Apartment (1 bedroom) in City Centre 13,369.86 ₹ 10,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 7,756.94 ₹ 6,000.00-12,000.00
Apartment (3 bedrooms) in City Centre 34,535.21 ₹ 25,000.00-60,000.00
Apartment (3 bedrooms) Outside of Centre 19,006.85 ₹ 15,000.00-30,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 13,497.35 ₹ 8,547.01-23,999.80
Price per Square Feet to Buy Apartment Outside of Centre 4,640.91 ₹ 2,999.98-6,999.94
Salaries And Financing
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Average Monthly Net Salary (After Tax) 34,543.72 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.42 7.50-14.00

These data are based on 715 entries in the past 12 months from 112 different contributors.
Last update: January 2021

Sources and References
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