Overview of Gerugambakkam, Chennai

Location and Connectivity

Gerugambakkam is a residential area in the western sector of Chennai, India. It boasts excellent linkage to major highways, public transport, and is near multiple educational institutions, medical centers, and shopping spots. This place is close to places like PSBB Millennium School, Velammal Bodhi, and St. Francis International School, which makes it a favorite among families.

Property Types and Prices

For Sale:

• Price Details: Properties start from about Rs. 3,958 per sqft, averaging around Rs. 6,174 per sqft. Top-end properties peak at Rs. 8,823 per sqft.
• Available Properties: The area includes all kinds of properties—apartments, standalone homes, villas, and land. Apartment prices range from Rs. 4,650 to Rs. 6,100 per sqft; land rates are Rs. 4,600 to Rs. 6,250 per sqft.
• Builder Floor Prices: Gerugambakkam builder floor prices generally move from Rs. 5,650 to Rs. 6,100 per sqft.

For Rent:

• Rent Spanning: The monthly rent for 2 BHK flats in this area is between ₹10,000 to ₹19,000. Sometimes you can find rents lower than ₹10,000 and ₹15,000.
• Common Amenities: Rental properties usually come semi-furnished with amenities such as covered parking, balconies, and are located near schools, hospitals, and other necessities.

Price Trends and Appreciation

• Annual Growth: The property value in Gerugambakkam has increased modestly. It rose by 0.18% in the last year. Though recently it went up by 13.7% and over the last decade, apartments saw a whopping 58.8% increase.
• Quarterly Shifts: Property price fluctuations happen on a quarterly basis but remain steady pointing to long-term price appreciation.

Neighborhoods and Sub-Locality Prices

• Bharathi Nagar: A sub-area in Gerugambakkam with an average property cost of Rs. 6,567 per sqft. There was a good 6.46% growth over the past year.
• Rafid Nagar: It is another neighborhood in Gerugambakkam averaging Rs. 6,614 per sqft in property prices.

Amenities and Infrastructure

• Educational Institutions: This area is close to popular schools like PSBB Millennium, Velammal Bodhi, and St. Francis International School.
• Healthcare: There are hospitals nearby such as MIOT Hospital.
• Transportation: Gerugambakkam offers good connectivity to major highways and public transport.
• Shopping and Utilities: Local shops and markets are within easy reach.

PropertyWala's Conclusion

Gerugambakkam, Chennai, stands out as a desirable area for both buyers and renters thanks to its blend of affordability and upscale properties. With its efficient connectivity, closeness to important services, and consistent appreciation in property values, it remains attractive for investors, individuals, and families alike. Whether you are searching for a property to buy or to rent, Gerugambakkam provides various choices fitting different budgets and needs.