Overview of GNT Road Area, Chennai

Location and Neighbourhood

• The GNT Road area lies in Chennai North with pincode 600051.
• It's bordered by areas such as Moolakadai, Perambur, Erukkancheri, Vyasarpadi, and Sembiyam.

Property Prices and Trends

• The average price for property in GNT Road is about Rs. 6,006 per sq-ft.
• If renting, a 3 BHK apartment costs anywhere from ₹36,000 to ₹36,000 per month.

Types of Properties Available

• The area has many types of properties for both buying and rent. These include:
  • Flats
  • Houses
  • Villas
  • Plots
  • Commercial properties such as warehouses and office spaces.

Amenities and Infrastructure

• The area is dotted with various amenities:
  • Shopping centers like SKLS Galaxy Mall featuring PVR Cinemas.
  • Hotels and resorts such as Divya Chettinadu Hotel and Perambur Sri Srinivasa.
  • Hospitals like RTG Hospital.
  • Additional amenities include gyms, swimming pools, club houses and play areas in residential complexes.

Home Loan Options

• Home loans from several banks and financial institutions like Indian Bank, Adani Housing Finance, Bank of Maharashtra, DBS, and IndiaShelter are available. Interest rates range from 8.5% to 18 %.

Property Rates and Taxation

• The Greater Chennai Corporation determines the Basic Street Rates (BSR) for the GNT Road area. For residential properties, the rates change based on area and usage, ranging from Rs. 0.98 to Rs. 5.17 per sq-ft for different categories.

PropertyWala's Conclusion

GNT Road in Chennai makes a promising zone for buyers and renters alike due to its central location, connectivity, and diverse amenities. The prices here are competitive, and the zone potentially holds appreciation in value. Still, it’s wise to perform a thorough market analysis, factoring in property taxes and home loan options before deciding.