Overview of Cheran Nagar, Chennai

Location and Accessibility

Cheran Nagar rests in Perumbakkam, Chennai. This region stands out as one of the city's prime spots for potential investors. It’s well linked to many parts of Chennai, turning it into a strong pick for both individuals and investors alike.

Property Prices

• Starting prices for properties near Cheran Nagar reach around Rs. 933 per sqft, with an average set at Rs. 5,657 per sqft.
• Prices can soar to Rs. 9,047 per sqft, indicating a vast spectrum of options available from budget to luxury.

Types of Properties

• Apartments: Ranging from 2 BHK to 3 BHK, apartments have prices typically between Rs. 5,100 to Rs. 5,400 per sqft.
• Independent Houses: Expect to see 3 BHK independent houses priced anywhere from Rs. 75.0 L to Rs. 90.0 L. These homes usually have a built-up area around 1600 sqft.
• Villas: Luxury villas start at around Rs. 85 Lacs. Prices per sqft can range from Rs. 7,834 to Rs. 5,866.

Amenities and Features

• Furnishing: You’ll find homes both furnished and unfurnished. There are fully furnished apartments available for rent with everything from TV cabinets to beds and cupboards to make you feel right at home.
• Maintenance: Monthly charges for maintenance usually go from Rs. 1,000 and can go higher based on the amenities offered.
• Facilities: Expect features like car parking, and some properties may come with exclusive advantages such as specific facing directions like north-facing and several bathrooms.

Rental Options

• For tenants, the range includes fully furnished 2 BHK flats. Rents move from ₹20,000 to ₹40,000 per month, plus upkeep fees.

Market Trends

Property values in Cheran Nagar are rising year-on-year despite a recent drop of 3.74% last year. Nevertheless, the general trend shows this as a favorable time for buying and making sales in the area.

PropertyWala's Conclusion

Perumbakkam's Cheran Nagar in Chennai stands as a diverse real estate hotspot. Providing a wide variety from budget-friendly to luxury, this area caters well to different buyer and renter needs. It's seen as promising investment-wise due to its mixed bag of real estate options. With abundant apartments, independent houses, and villas, alongside easy availability of furnished rental spots, Cheran Nagar emerges as a prime choice for anyone looking to invest in or rent property in Chennai.