Locality Overview: Semmancheri, Chennai

Location and Accessibility

Semmancheri, part of Chennai, is positioned on the Old Mahabalipuram Road (OMR), which is a major IT corridor. This spot grants easy access to key IT hubs and educational venues like Sathyabama University, along with other notable landmarks.

Property Prices and Trends

• Price Range: Property prices in Semmancheri show a broad spectrum. The entry-level price starts at ₹ 5.00 lacs, while the average sits around ₹ 44.95 lacs. The highest prices can reach ₹ 1.90 crore.
• Price per Sqft: Rates per square foot range from ₹ 3,053 to ₹ 11,044, with an average of ₹ 7,310 per sqft. The value of the properties has witnessed a significant increase, with a 28.39% Year-over-Year (YoY) growth.

Types of Properties Available

• Apartments: You will find multiple apartment options, like 2 BHK and 3 BHK units. These range from move-in-ready to under construction. A 2 BHK in Appaswamy Splendour costs about ₹ 1.50 Cr, while a 3 BHK in Dinesh Vihar AWHO Apartment goes for roughly ₹ 1.21 Cr.
• Plots: Residential plots are also present here, ranging from 1200 sq-ft to 2115 sq-ft. These are typically found in prime areas and have size and shape suitable for construction.
• Villas and Builder Floors: Options for villas and builder floors also exist in the area.

Rental Options

• Flats for Rent: Monthly rent for a 2 BHK flat in Semmancheri ranges from ₹ 16,150 to ₹ 38,800. Such flats often feature amenities like AC, vitrified tiles for flooring, covered car parking, play area, swimming pool, and 24-hour security.

Amenities and Infrastructure

• Amenities: Properties in Semmancheri often have facilities, such as club houses, swimming pools, play areas, and 24-hour security.
• Infrastructure: Located near educational facilities and IT hubs, this place offers a strong foundation for living and investing.

PropertyWala's Conclusion

Choosing Semmancheri in Chennai opens up great real estate opportunities. It's located along OMR with growing property rates and stable infrastructure. It is now a good time to think about buying, especially with a notable Year-over-Year (YoY) growth in property prices. It’s vital, though, to stay informed on market trends and look at recent graph values and sources. Consult these to make the best decision for buying or investing.