Overview of Amrithammal Colony, Chennai

Location

Amrithammal Colony is located in Perambur, a residential locality in Chennai's northern region. This spot is ideal for people looking for access to multiple amenities and transportation hubs.

Property Prices

The starting and average price of properties here stands at Rs. 7,500 per square foot.

Types of Properties

Apartments: These come in various setups, priced according to the area norms. For example, an apartment with an 800 square feet carpet area and a built-up area of 926 square feet can be priced around Rs. 65 lakhs.

Independent Houses: 2 BHK independent houses are on the market, priced from Rs. 45 lakhs to Rs. 60 lakhs, based on specific property details.

Market Trends

The property rates here have experienced a slight fluctuation, with a 0.87% decline in the last year. Yet, present trends indicate that buying and selling properties in this area can be profitable.

Amenities and Infrastructure

The neighborhood boasts excellent connectivity to schools, markets, train stations, and bus terminals, making it a convenient residential choice. Residents benefit greatly from its proximity to essential services and amenities.

Rental Market

Specific rental listings are scarce in Amrithammal Colony. However, the broader area of Perambur provides rental properties at similar prices. For instance, 1 BHK and 2 BHK homes nearby can be rented for Rs. 7,000 to Rs. 8,000 per month.

PropertyWala's Summary

Amrithammal Colony, situated in Perambur, Chennai, provides a balanced opportunity for buyers and renters. With property prices averaging at Rs. 7,500 per square foot, the real estate market here is relatively stable and potentially profitable. Its good connectivity and the availability of necessary amenities make it an appealing choice for people looking to invest in or move to a convenient, well-serviced locality. It is vital, however, to keep an eye on market trends and pricing changes to make informed decisions.