Overview of Arakkonam, Chennai

Arakkonam, in the Vellore district but firmly part of the larger Chennai real estate scene, mixes affordability, growth promise, and great location.

Property Prices

• Average Price per Sqft: Rs. 5,010.
• Starting Price per Sqft: Rs. 444.
• Price Range per Sqft: From Rs. 281 up to Rs. 9,090, based on location, amenities, and property type.

Specific Areas Within Arakkonam

Arakkonam:

• Average Price per Sqft: Rs. 5,010.
• Starting Price per Sqft: Rs. 444.
• For Sale: 77 properties listed.

Winterpet, Arakkonam:

• Average Price per Sqft: Rs. 4,913.
• Starting Price per Sqft: Rs. 76.
• Growth: 10.37% property rate increase over the past year.

Arakkonam North:

• Average Price per Sqft: Rs. 4,913.
• Starting Price per Sqft: Rs. 300.
• Growth: A 32.8% drop in property rates over the last year.

Types of Properties Available

• Residential Plots: Found in Arakkonam Highway, Vadamambakkam, and similar spots. Prices range from Rs. 4.5 Lac to Rs. 6 Lac, per plot about 1650 sqft.
• Independent Houses/Villas: Priced differently by size and features, with averages around Rs. 3,400 to Rs. 6,600 per sqft.
• Apartments: Offering 1 BHK, 2 BHK, and 3 BHK, with price differences.

Rental Market

• Starting Rent: Around Rs. 3,000 per month. This depends on the size and location.
• Rent Types: Include houses, apartments, and builder floors, fitting many family sizes and budgets.
• Examples:
  • ₹ 7,000 for a 3 BHK, 2 BHK house, 1200 ft2
  • ₹ 4,500 for a 1 BHK, 1 BHK home, 400 ft2
  • ₹ 8,500 for a 2 BHK, 2 BHK house, 600 ft2

Key Considerations

• Location/Accessibility: Arakkonam is near big roads and landmarks. This makes it great for both buyers and renters.
• Market Trends: The market varies. Some areas grow while others see value drop. Watch the trends for better choices.
• Amenities/Infrastructure: Schools, clinics, malls affect property/rental values.

PropertyWala's Insight

Arakkonam offers good balance of affordability and growth. Positive growth in Winterpet, but decline in Arakkonam North. Consider locality, trends, amenities for smart choices. With proper research, Arakkonam can be rewarding.