Apartments for sale in Chennai

Last updated on Jun 19 2024

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Are you looking to buy apartments or flats for sale in Chennai? Then you are in the right place. At RoofandFloor, we have over 2360 fully furnished and semi-furnished flats listed on our website for sale. We offer homebuyers a wide range of opti...Read More

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Flats for sale in Chennai

Apartments for sale in Chennai would be an ideal option for homebuyers and investors. There are a wide range of flats available for sale in Chennai based on your budget and preferences. Apartments offer a spacious living area with a blend of tradition and modernity.  

Why Apartment is a Good Investment?

There are various factors that make purchasing an apartment in Chennai a good investment. Some of the significant factors that should be taken into consideration are: 

  • Better Property Value Appreciation: The apartment in Chennai has shown tremendous growth in its value over a period of time. It would be an ideal choice for investors looking for long-term appreciation potential. 
  • Higher Rental Income: Purchasing an apartment in Chennai may result in a steady supply of rental income, giving investors a steady source of income. 
  • Concrete Assets: A Chennai apartment purchase gives investors the stability and security that come with owning a physical asset. 
  • Reduced Vacancy Rates: Compared to independent homes, apartment rentals have substantially lower vacancy rates. This low supply and increased demand for apartment buildings directly impact vacancy rates, resulting in low vacancy. 
  • Syndication Opportunities: Unlike independent homes, apartments provide chances for cooperation and syndication with other investors. 

 

What are the Prime Localities in Chennai to Buy an Apartment?

Prime localities in Chennai to buy flats for sale are Porur, Vanagaram Madipakkam, Urapakkam, Kelambakkam, and OMR. These localities are considered the prime localities to buy apartments for sale in Chennai, as the residential housing demand is quite high in these areas.   

Locality 

Min Price 

Max Price  

Average Price Per Sq Ft 

OMR 

30 Lac  

2 Cr  

6,500 INR  

Sholinganallur 

20 Lac 

1.5 Cr 

7,000 INR 

Medavakkam 

25 Lac 

2.5 Cr 

5,200 INR 

Kelambakkam 

30 Lac  

3 Cr  

3,500 INR  

Madipakkam 

20 Lac  

1.5 Cr  

6,500 INR  

Velachery 

30 Lac 

1 Cr 

8,500 INR 

Porur 

30 Lac 

1.5 Cr 

5,800 INR 

Vanagaram 

30 Lac 

2 Cr 

7,000 INR 

#The data is based on market research 

 

What Are The Best Places to Buy Flats in Chennai?

The best places to buy flats for sale in Chennai are Tambaram, Sholinganallur, Medavakkam, OMR, Nanganallur, Anna Nagar, and Porur. These areas are considered the best places to buy apartments based on various criteria, like location advantages, pricing, amenities, connectivity, and future prospects.  

  1. Tambaram

Location Advantages: Tambaram is one of the prominent areas situated in the southern part of Chennai that is developing fast.  As it offers ample amenities in a peaceful locality, it is one of the most prominent localities for real estate in Chennai. 

Pricing: The approximate cost of buying an apartment in Tambaram ranges from 50 lakhs to 1 crore. 

Amenities: Tambaram has a residential neighborhood with all the essential amenities at affordable pricing. Hospitals, markets, and schools are in closer proximity to this location. 

Connectivity: It is significantly closer to Chennai airport and has better routes, which make it easy to commute.It also has better connectivity to the major IT hubs in Chennai. 

Future Prospects: The upcoming project in Tambaram that could impact real estate is the fourth rail route between Tambaram and Chengalpattu. 

Flats for Sale in Tambaram, Chennai


  1. Sholinganallur

Location Advantages: Sholinganallur is a rapidly growing area in Chennai, as the number of companies in Sholinganallur has been on the rise in recent years, which makes it the best place to buy flats for sale in Chennai. 

Pricing: It offers residential plots in the mid- to premium-budget segment. 

Amenities: Sholinganallur also has better social infrastructure, encompassing popular schools, hospitals, shopping malls, and more. 

Connectivity: It is on OMR and connected to ECR via Sholinganallur Main Road. It is close to the commercial and entertainment hubs. 

Future Prospects: The metro project from Sholinganallur to SIPCOT, to be completed by 2027, will significantly impact the real estate demand in this area. 

Flats for Sale in Sholinganallur, Chennai


  1. Medavakkam

Location Advantages: Medavakkam is one of the fast-developing residential localities in the southern parts of Chennai that has proximity to various other locations.Medavakkam is also known for its steady growth in the real estate market, as it offers excellent investment potential. 

Pricing: The apartments in Medavakkam range from 35 lakhs to 60 lakhs. 

Amenities: It offers a good living environment with all the necessary amenities, like quality educational institutions, healthcare facilities, shopping malls, cinemas, restaurants, and more. 

Connectivity: Commuting is made easy from Medavakkam due to the presence of the Velachery-Tambaram main road. 

Future Prospects: The proposed Chennai Metro Corridor 5 Phase 2 will link Madhavaram and Sholinganallur with Medavakkam. 

Flats for Sale in Medavakkam, Chennai


  1. OMR

Location Advantages: OMR is the commercial center of Chennai that encompasses urban vibrancy with all the necessary amenities situated on the outskirts of Chennai. OMR offers a dynamic and balanced lifestyle with a unique living experience. 

Pricing: The price point of the properties is much lower than the properties in other similar localities in Chennai. 

Amenities: OMR also encompasses ample amenities like supermarkets, playgrounds, and more. It is considered the IT hub of Chennai, as there are several IT parks located in this area. 

Connectivity: OMR has better connectivity due to the availability of public and private transportation facilities. 

Future Prospects: A future railway overbridge and metro phase 2 corridor 3 (Purple Line), which will run along OMR at an elevation of about 20 kilometers. 

Flats for Sale in Omr, Chennai


  1. Nanganallur

Location Advantages: Nanganallur is one of the upcoming residential localities in Chennai, with better infrastructure and a cosmopolitan culture. Some other significant things in Nanganallur are the Nanganallur Arts and Crafts Fair, the Annual Nanganallur Festival, and the Nanganallur Music Festival. 

Pricing: The cost of buying an apartment in Anna Nagar would be around 40 lakhs and 1 crore. 

Amenities: It offers various affordable housing options along with excellent social infrastructure encompassing educational institutions, entertainment centers, and healthcare. 

Connectivity: It is located in close proximity to Chennai International Airport. Apart from this, it also has excellent road and rail connectivity. 

Future Prospects: Three kilometers from Nanganallur, at Madipakkam, is the proposed station where locals may access the Red Line of the Chennai Metro. 

Flats for Sale in Nanganallur, Chennai


  1. Anna Nagar

Location Advantages: Anna Nagar is one of the well-planned residential localities in Chennai.The primary landmark is the Anna Nagar Towers, built in 1968. With better connectivity and an excellent lifestyle, the real estate market in Anna Nagar is always flourishing. The demand for properties never goes down in this area. 

Pricing: The cost of buying an apartment in Anna Nagar would be around 35 lakhs and 1 crore. 

Amenities: Anna Nagar has various colleges and schools nearby. The popular VR Chennai Mall is also located in Anna Nagar, near Shanthi Colony and Thirumangalam Junction. The popular employment hubs located near Anna Nagar are Padi Industrial Estate, Ambattur Industrial Estate, and SIDCO Industrial Estate.   

Connectivity: It has excellent connectivity. It also has two underground metro stations: Anna Nagar Tower and Anna Nagar East. 

Future Prospects: Under the Mega Streets Project, renovation of internal roadways such as Third Avenue Road, Pulla Avenue, and Kilpauk Garden Road will ease traffic. 

Flats for Sale in Annanagar, Chennai


  1. Porur

Location Advantages: Porur is one of the most popular residential colonies in South Chennai. Porur is extremely safe and ideal for families. The demand for residential apartments in Porur is constantly increasing due to the amenities it offers. 

Pricing: The apartments for sale in Porur range from 2,500 INR to 8,500 INR per sq ft. 

Amenities: Popular IT parks in Porur are DLF IT, Prince Info IT Park, Ambit IT Park, Jayanth Tech Park, and more. The presence of these commercial hubs offers excellent job opportunities. It also has various amenities like temples, churches, shops, educational institutes, healthcare, and so on. 

Connectivity: It is located in closer proximity to Chennai International Airport, Alandur Metro Station, and the Koyambedu Central Bus Stand. 

Future Prospects:In the forthcoming Chennai metro phase 2 corridors 4 and 5, there will be a dedicated station on Porur Junction that will improve the connection.


Flats for Sale in Porur, Chennai


 

How Much Does It Cost to Buy an Apartment in Chennai?

The cost of buying an apartment in Chennai is significantly impacted by factors like location, size of apartment, available amenities, construction quality, and current market trends. However, it is significant to understand that the cost might vary based on your preferences and specifications. The table below represents the tentative cost of buying an apartment in Chennai.  

Unit Type 

Min Price 

Max Price  

1 BHK 

20 Lac 

50 Lac 

2 BHK 

30 Lac  

1 Cr 

3 BHK 

50 Lac 

2.5 Cr 

4 BHK 

1 Cr 

6.5 Cr 

5 BHK 

3 Cr 

7.5 Cr 

#The data is based on market research 

Affordable Localities in Chennai to Buy Flats for Sale

Some of the affordable localities in Chennai to buy flats for sale are KolathurAmbatturGuduvancheriAvadi, and Perambur. These areas offer the best apartments within your budget. The table below shows the number of available units in Chennai within your budget segmentation.  

Locality 

Min Price 

Max Price 

Average Price Per Sq Ft 

Available Units 

Kolathur 

20 Lac 

1 Cr 

5,000 INR 

189 

Ambattur 

20 Lac 

1.5 Cr 

6,100 INR 

163 

Guduvancheri 

15 Lac 

1 Cr 

6,000 INR 

12 

Avadi 

20 Lac 

1 Cr 

6,000 INR 

52 

Perambur 

20 Lac 

2 Cr 

4,000 INR 

182 

#The data is based on market research  

List of Top 10 Builders in Chennai 2024

While purchasing flats for sale in Chennai, builders play a significant role as they are responsible for various aspects of the construction. Some of the significant attributes of a builder must include commitment and quality of the construction, legal compliance, timely completion of the projects, amenities and facilities they incorporate into the project, and their reputation. Some of the top builders in Chennai that meet all these criteria are:  

  1. Casagrand Builder Private Limited 
  2. G Square Housing 
  3. VGN Properties 
  4. Puravankara Limited 
  5. Appaswamy Real Estates 
  6. Shriram Properties 
  7. Navin Housing & Properties (P) Ltd. 
  8. The Nest Builders 
  9. DAC Developers 
  10. Asset Tree Homes 

List of Some Popular Projects in Chennai

A few of the best completed projects in Chennai by renowned builders are Casagrand Holachennai, Casagrand SuncityPurva Somerset House, VGN Kensington Towers, Navins Starwood Towers 2.0, Parkhouse MewsAltezza (Appaswamy Real Estates)Nest Icon IIS.I.S Florence and G Square Synergy.  

Common Amenities Offered by the Top Builders

The top builders in Chennai offer a wide range of amenities to offer comfortable living. The amenities they offer reflect their commitment to offering a holistic living experience. However, it is also significant to take into consideration that the available amenities might vary based on the budget. Some of the significant amenities they offer are:  

  • Security services to enhance safety 
  • Parking facilities 
  • Swimming pools 
  • Clubhouses and lounges 
  • Indoor gyms and fitness centers 
  • Outdoor play area 
  • Green spaces and walking trails  

What Are the Things to Consider While Buying an Apartment in Chennai?

  • Location Advantages: Select a location that meets your lifestyle needs. Make sure that the location encompasses essential amenities like educational institutes, healthcare, entertainment, shopping, and transportation. 
  • Budget Consideration: Fix a budget beforehand and search for properties that suit your budget. Maintenance charges and other taxes should also be taken into consideration. 
  • Available Amenities: Check out the amenities that the apartment encompasses. Some of the must-have amenities include parking facilities, a recreational area, and security services. 
  • Builder Reputation:Research the reputation of the builder. Take a look at the track record of their previously completed projects and their quality. 
  • Legal Documentation: Check all the legal documents related to the property, from the title deed to compliance with building regulations. 
  • Seamless Connectivity: Consider the accessibility to major roads and highways from the apartment. Ensure the availability of public transport. 
  • Future Developments: Check out new and upcoming infrastructural developments and projects that can impact the property value of the apartment. 
  • Resale Value: Assess the potential resale value of the apartment by considering factors like location, amenities, and market trends in the area.  

What is The Process of Buying Flats for Sale in Chennai? 

Buying an apartment in Chennai requires careful consideration, research, and proper planning. Some of the things to be taken into consideration in the process of buying apartments in Chennai are: 

  1. Research, analyze, and plan
  2. Fix your budget 
  3. Financial Requirements 
  4. Find the Right Property 
  5. Legal Verification 
  6. Document Preparation 
  7. Payment and property registration 

List of Legal Documents to Check Before Buying an Apartment/Flats in Chennai

While buying a property in Chennai, there are certain documents that should be taken into consideration. These documents are essential and should definitely be obtained before purchase. The required documents are:  

  • Sale agreement 
  • Title deed 
  • Building approval plan 
  • Completion certificate 
  • Occupancy certificate 
  • Encumbrance certificate 
  • Property tax receipts 
  • Builder-buyer agreement 

Newly Launched Projects in Chennai in 2024 by Top Builders

The upcoming and newly launched projects in Chennai by top builders are Parkhouse MewsCasagrand French TownCasagrand MassimoCasagrand PrimoseCasagrand LinoreCasagrand ZaidenIsha Pokkisham, and Isha Majestica. All these projects have different configurations catering to the needs of homebuyers and investors. The table below represents the approximate cost of buying a flat for sale in Chennai based on the unit type.  

Projects 

Location 

Configurations 

Casagrand Mercury 

Kilpauk 

2 & 3 BHK  

Casagrand Linore 

Kattupakkam 

2,3, & 4 BHK 

Casagrand Primrose 

Perungalathur 

2 & 3 BHK 

Altezza 

Kottivakkam 

2, 2.5, 3, & 5 BHK 

Navasuja 

R A Puram 

3 & 4 BHK 



How To Buy Flat in Chennai Online Without a Brokerage?

Buying a flat in Chennai online without a brokerage is made simple with a few simple steps. 

  • Visit RoofandFloor and choose the city of your preference 
  • In the search tab, select the locality of your choice and enter search 
  • Find listings for various verified projects by top builders 
  • Customize your search by clicking on the filter option 
  • Choose the project you like and click on the contact builder 
  • Enter your mobile number and click on the contact builder again 
  • Our experts will connect with you in no time to help you find the property of your choice   

Insights about Chennai

All you need to know about this locality

Insights about Chennai

 

Chennai is one of the most popular and thriving metropolitan cities in India, with a diverse culture. It is the fourth most popular metropolitan city, with the 31st largest urban area ranking in the world as per Urban Area Population records. It is popularly known for its blend of modernity and tradition. It is the home of various heritages with cultural significance, like ancient temples, monuments, and ancient arts. It also promoted classical music and dance, attracting tourists. Its significance does not just end with cultural heritage, as it has set foot in the economic and industrial centers of this modern era of development. As a result of which, it has contributed to India’s economic growth significantly. 

Chennai is also popular for its beaches, diverse global cuisine, historical landmarks, exceptional healthcare, emerging job opportunities, thriving educational institutes, and more. Due to the significant contribution of these factors, Chennai’s real estate industry has made surmountable progress in recent years. According to Q1 2024, Chennai's 1 and 2 BHK apartments saw the most rise, both year over year and QoQ.  Home buyers and investors have shown interest in buying flats in Chennai for its rapid urbanization, infrastructural development, and smart city initiatives.  

Area Total in Km 

426 Km 

Population 

6,599,000 

Latitude and Longitude 

13.0843° N, 80.2705° E 

GDP 

US$354 billion 

Pin Code 

600001 (Starts from) 

Online Portal 

https://chennaicorporation.gov.in/gcc/ 

 

Location Advantages and Key Features: An Overview

  • Buying flats in Chennai yields higher returns due to emerging market trends. The value of the property increases with time due to infrastructural development and growth. 
  • Innovative developmental initiatives like the metro rail project, airport expansion, and automation will make it easy for people to commute. 
  • The resale value of the flats and apartments in Chennai is quite high. The buyers can sell the flats at a profitable price despite the competition. 
  • There are a wide range of amenities scattered across Chennai. It includes religious sites, entertainment, schools, colleges, malls, superstores, medical and healthcare, and so on. 
  • At present, there are almost 4000+ companies in Chennai. This increase in companies will eventually increase job opportunities in all domains, which would be a key factor in buying flats or apartments in Chennai. 
  • It has better connectivity across the city through link roads like GST Road, Outer Ring Road, OMR Road, Chennai Bypass Road, and Anna Salai. 
  • An airport project proposed at Parandur will pave the way for further development in Chennai.  

Stamp Duty and Registration Charges to Buy an Apartment in Chennai 

Stamp duty and registration charges play a significant role in successful property registration. The factors that are taken into consideration while determining the stamp duty and registration charges are the ownership status, property agreement value, and more. The stamp duty and registration charges to buy flats for sale in Chennai are listed, 

 

Document Type 

Stamp Duty Charges

(% derived from property’s total market value) 

Registration Charges

(% derived from property’s total market value) 

Sale Deed 

7%  

4%  

Gift deed 

7%  

4%  

Exchange deed 

7%  

4%  

Simple mortgage 

1% (up to a maximum of Rs 40,000) on the loan amount 

1% (up to a maximum of Rs 10,000) on the loan amount 

Mortgage with possession 

4% on the loan amount 

1% (up to a maximum of Rs 2,00,000) on the loan amount 

Sale agreement 

Rs 20 

1% of the entire sum if possession is granted, or 1% of the money paid in advance. 

Building construction related agreement 

1% of the construction value or the agreed-upon compensation, whichever is more 

1% of the construction value or the agreed-upon compensation, whichever is more 

Cancellation 

Rs 50 

Rs 50 

General power of attorney to sell immovable property if given to a family member 

Rs 100 

Rs 1000 

General power of attorney to sell immovable property if it’s not given to a family member 

Rs 100 

Rs 10,000 

General power of attorney given for consideration 

4% on the consideration 

1% of the total amount due, or Rs 10,000, whichever is greater. 


Current Real Estate Market Trends in Chennai 

Real estate in Chennai has grown tremendously in the past few years. The growth is directly impacted by the increase in IT sectors and global firms. Property prices have increased by 30–40% because of the upcoming metro lines. Further, the property rates are expected to rise at least 10-15% in 2024 as the demand remains the same to buy flats and apartments in Chennai. The price trends in the top ten localities in Chennai with value increases in the past 10 years are listed.  

Locality 

Value Appreciation in the Last 10 Years 

Average Price Per Sq Ft 

OMR 

33.6% 

5,500 INR 

Sholinganallur 

15.2% 

6,800 INR 

Tambaram 

38.6% 

5,500 INR 

Ambattur 

31.2% 

5,900 INR 

Pallavaram 

36.9% 

6,050 INR 

Pallikaranai 

32.4% 

6,500 INR 

Velachery 

16.4% 

8,350 INR 

Porur 

19.6% 

6,700 INR 

Medavakkam 

22.5% 

6,000 INR 

Perungalathur 

44.1% 

5,300 INR 

#The data is based on market research 


Disclaimer: This data is purely based on the Market research


Frequently Asked Question
Q. Which is the best locality to buy a flat in Chennai?
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Q. Are there any 1BHK flats for sale in Chennai within 30 lakhs?
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Q. Are there any 2BHK apartments for sale in Chennai within 40 lakhs?
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Q. What is the average price of a 2BHK flat in Chennai?
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Q. What is the average price per square foot for apartments in Chennai?
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Q. What are the current property prices in Chennai?
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Q. What are the best areas to live in Chennai?
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Q. How is the real estate market trend for flats in Chennai?
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Q. What are the extra charges to be paid while buying an apartment in Chennai?
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Q. How do I calculate the stamp duty and registration charges for apartments in Chennai?
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