Villas/Homes for sale in Chennai

Last updated on Jul 24 2024

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Looking to purchase villas for sale in Chennai? RoofandFloor is your one-stop destination to find the perfect home. With over 279+ villas available for sale, you can find the best based on your preferences. From affordable to luxurious villas, Roofan...Read More

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Top Five Localities to Buy Villas in Chennai 

Buying a villa in Chennai requires proper planning and consideration. Some of the things that should be taken into consideration while buying a villa in Chennai are the reputation of the builder, the quality of the project, the final cost of the property, amenities offered with applicable charges, comfortable infrastructure, property ventilation and lighting, vastu considerations, seamless connectivity, and more. Considering all these factors, the top localities to buy villas for sale in Chennai are Pallikaranai, Perungalathur, Manapakkam, Ambattur,and Poonamalle. 

1. Pallikaranai 

Pallikaranai, located in the southern parts of Chennai, is popularly known for its wetland ecosystems due to the presence of Pallikaranai Marshland. Pallikaranai offers better connectivity to other various localities in Chennai via the Pallavaram-Thoraipakkam Main Road, Velachery Main Road, and the Inner Ring Road. It is closer to various popular IT hubs like MPL Towers, Fayola Towers, Chennai One IT SEZ  

and more, which offers ample employment opportunities for professionals. It also offers excellent healthcare facilities due to the presence of various hospitals like Dr. Kamakshi Memorial Hospitals, Deepam Medfirst Hospital, and more. Thus, Pallikaranai offers a better living environment with various affordable housing options. 

2. Perungalathur 

Perungalathur is one of the popular suburbs with rapid development located in the southern parts of Chennai. The Perungalathur railway station offers better connectivity and easy access to other parts of the city. The Chennai International Airport is located at a distance of 12 km from Perungalathur. The new Kilambakkam bus stand, Kalaignar Centenary Bus Terminus, is located within a radius of 5 km from Perungalathur, which facilitates travel to other cities without any hassle. It offers an excellent living environment due to its convenient location, easy access to all the necessary amenities, and affordable housing. Perungalathur offers various residential complexes and gated community apartments in a peaceful environment. 

3. Manapakkam 

Manapakkam is one of the rapidly growing neighborhoods in the southwestern parts of Chennai, located along the Mount Poonamalle High Road at a distance of 14.6 km from the city. It has better connectivity to other parts of the city via trains and buses. St. Thomas Mount railway station is the nearest railway station to Manapakkam, located within a radius of 5 km. It offers excellent social infrastructure with reputed colleges and schools, hospitals, banks, and shopping. It is in closer proximity to various IT parks and employment hubs like L&T, IBM, and DLF IT Park. With all these factors, the growth of residential real estate in Manapakkam has increased significantly, encouraging homebuyers to invest in villas in Manapakkam. 

4. Ambattur 

Ambattur is one of the prime locations in the north-western part of Chennai. The Ambattur Industrial Estate is the biggest industrial estate in South Asia. It has excellent transportation facilities as it encompasses various major roads like the Inner Ring Road, Poonamalle High Road, and Ambattur Industrial Estate Road. It has accessibility to Ambattur Railway Station on the Chennai Suburban Railway. This locality has excellent schools and colleges offering quality education. It also encompasses popular healthcare institutions like Teja Hospital, the International Centre for Cardio Thoracic & Vascular Diseases, and more. The presence of IT parks and industrial estate boasts residential demand in this area. 

5. Poonamalle 

Poonamalle is located on the western outskirts of Chennai and is considered one of the top residential localities in Chennai. It is home to various educational institutes and reputed hospitals like Be Well Hospital Poonamalle, Mangalam Hospital, St. Joseph’s Matriculation Higher Secondary School, Christ Matric Higher Secondary School, Jaya College of Engineering and Technology, and more. It offers better connectivity to other parts of the city via road with frequent MTC buses. Due to its proximity to all the basic amenities, entertainment, and shopping zones, residential real estate in this area is booming. So, investing in a villa in Poonamalle would be the right choice at this time. 

Stamp Duty and Registration Charges in Chennai 2024 

A state-imposed charge paid at the time of property registration is known as stamp duty. In Chennai, stamp duties and registration fees are applicable to every agreement or transaction involving villas. The stamp duty and registration charges for villas in Chennai are the same for all genders, unlike in other cities. The stamp duty and registration for villas in Chennai are as follows: 

Type of Document 

Stamp Duty Charges 

Registration Charges 

Sale 

7% of the property value 

4% of the property value 

Exchange 

7% of the property value 

4% of the property value 

Gift deed 

7% of the property value 

4% of the property value 

Simple mortgage 

1% of the loan amount (maximum limit: 40,000 INR) 

1% on the loan amount (maximum limit: 10,000 INR) 

Mortgage with possession 

4% of the loan amount 

1% of the loan amount (maximum limit: 2,00,000 INR) 

Sale Agreement 

20 INR 

1% of the property value of possession offers or 1% of the advance money 

Agreement concerning the construction of a building 

1% of the construction value or the consideration mentioned in the agreement (higher value is considered). 

1% of the construction value or the consideration mentioned in the agreement (higher value is considered). 

Cancellation 

50 INR 

50 INR 

General Power of Attorney for the sale of immovable property 

100 INR 

10,000 INR 

General Power of Attorney for the sale of an immovable property (family member receives the power) 

100 INR 

1000 INR 

General Power of Attorney given for consideration 

4% on the consideration 

1% on the consideration or 10,000 INR (higher value is considered). 

 

Current Market and Price Trends for Villas in Chennai 

The residential real estate market in Chennai has emerged as the 5th largest residential market in India, as per the Knight Frank India report. It also suggests that the city’s real estate has been growing 2-3% annually. The price trends in the top ten localities to buy villas in Chennai with their property value increase in the last 10 years is listed, 

  • Pallikaranai- 8,000 INR per sq ft, with a 99.9% increase 
  • Perungalathur- 6,000 INR per sq ft, with a 49.6% increase 
  • Manapakkam- 7,000 INR per sq ft, with a 61.2% increase 
  • Ambattur- 5,000 INR per sq ft, with a 17.7% increase 
  • Poonamalle- 4,500 INR per sq ft, with a 129.8% increase 
  • Sholinganallur- 8,500 INR per sq ft, with a 125.3% increase 
  • Tambaram- 5,000 INR per sq ft, with a 138.6% increase 
  • Medavakkam- 6,500 INR per sq ft, with a 143.2% increase 
  • Kundrathur- 4,500 INR per sq ft, with a 138.7% increase 
  • Avadi- 4,500 INR per sq ft, with a 98.1% increase


Disclaimer: This data is purely based on the Market research


Frequently Asked Question
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