Property Prices in Madras, India

Index Info
Price to Income Ratio: 15.01
Mortgage as Percentage of Income: 170.79%
Loan Affordability Index: 0.59
Price to Rent Ratio - City Centre: 25.69
Price to Rent Ratio - Outside of Centre: 18.17
Gross Rental Yield (City Centre): 3.89%
Gross Rental Yield (Outside of Centre): 5.50%

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Rent Per Month
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Apartment (1 bedroom) in City Centre 19,285.71 ₹ 15,000.00-25,000.00
Apartment (1 bedroom) Outside of Centre 11,857.14 ₹ 10,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 43,857.14 ₹ 30,000.00-70,000.00
Apartment (3 bedrooms) Outside of Centre 23,000.00 ₹ 16,000.00-30,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 11,233.77 ₹ 6,999.94-17,999.85
Price per Square Feet to Buy Apartment Outside of Centre 4,518.51 ₹ 3,999.97-5,999.95
Salaries And Financing
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Average Monthly Net Salary (After Tax) 28,250.00 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.75 8.00-12.00

These data are based on 64 entries in the past 18 months from 10 different contributors.
Last update: May 2021

Sources and References
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