Property Prices in Chennai, India

Index Info
Price to Income Ratio: 11.04
Mortgage as Percentage of Income: 107.38%
Loan Affordability Index: 0.93
Price to Rent Ratio - City Centre: 43.55
Price to Rent Ratio - Outside of Centre: 24.92
Gross Rental Yield (City Centre): 2.30%
Gross Rental Yield (Outside of Centre): 4.01%
Rent Per Month
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Apartment (1 bedroom) in City Centre 14,261.90 ₹ 10,000.00-20,000.00
Apartment (1 bedroom) Outside of Centre 8,350.00 ₹ 6,000.00-12,000.00
Apartment (3 bedrooms) in City Centre 35,052.63 ₹ 25,000.00-50,000.00
Apartment (3 bedrooms) Outside of Centre 21,596.15 ₹ 17,500.00-30,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 14,660.09 ₹ 9,999.92-29,999.75
Price per Square Feet to Buy Apartment Outside of Centre 5,047.16 ₹ 3,499.97-7,999.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 48,045.45 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 7.58 6.80-9.00

These data are based on 396 entries in the past 12 months from 64 different contributors.
Last update: August 2022

Sources and References
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