Property Prices in Chennai, India

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Index
Price to Income Ratio:	8.66
Mortgage as Percentage of Income:	95.64%
Loan Affordability Index:	1.05
Price to Rent Ratio - City Centre:	37.28
Price to Rent Ratio - Outside of Centre:	28.01
Gross Rental Yield (City Centre):	2.68%
Gross Rental Yield (Outside of Centre):	3.57%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	18,394.74 ₹	12,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre	10,414.29 ₹	7,000.00-15,000.00
Apartment (3 bedrooms) in City Centre	44,210.53 ₹	27,000.00-65,000.00
Apartment (3 bedrooms) Outside of Centre	23,358.97 ₹	17,000.00-35,000.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	15,996.47 ₹	9,999.92-27,870.68
Price per Square Feet to Buy Apartment Outside of Centre	6,567.50 ₹	4,999.96-9,290.23
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	70,100.76 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	9.32	8.00-12.00

These data are based on 392 entries in the past 18 months from 66 different contributors.
Last update: July 2024

Sources and References

Nearby cities:

Property Prices in Vellore	84.79 miles
Property Prices in Pondicherry	100.49 miles
Property Prices in Tiruvannamalai	117.59 miles
Property Prices in Kumbakonam	170.77 miles
Property Prices in Karaikal	171.04 miles
Property Prices in Hosur	187.94 miles
Property Prices in Tiruchirapalli (Trichy)	201.65 miles
Property Prices in Bangalore	203.29 miles
Property Prices in Salem	205.83 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	7,100.00
GDP Growth Rate:	7.24%
Population Growth Rate:	0.70%