Iyyappanthangal, Chennai

Location and Connectivity

Iyyappanthangal, found in Chennai, is famous for its advantageous location and excellent connectivity. It lies near primary routes like Mount Poonamallee Road and Oil Mill Road, and is also close to future metro stations, making it appealing for both individuals and property investors.

Property Types and Prices

Residential Apartments

• Prices for new apartments in Iyyappanthangal range between Rs 5,050 to Rs 7,750 per square foot. The average price stands around Rs 6,250 per square foot.
• Property prices have seen steady appreciation rates, with a boost of 15.7% in the previous year, 21.4% in the last 3 years, and a whopping 52.4% over the last 10 years.

Builder Floors

• Prices for builder floors range between Rs 6,000 to Rs 7,650 per square foot.

Plots and Land

• The range for land rates is Rs 7,000 to Rs 9,150 per square foot. The rise is notable, with an increase of 32.5% in the last year and a staggering 114.9% in the last decade.

• Prices vary greatly among plots. For instance, a 900 sqft plot can fetch about Rs 55.79 lakhs.

• For larger plots like a 1001 sqft, the cost could be around Rs 65.05 lakhs.

• For a 2400 sqft plot, expect costs nearing Rs 62.40 lakhs.

Amenities and Facilities

• Many properties found here provide modern amenities such as:
  • Water supply directly from the corporation
  • Effective drainage systems
  • Enhanced security with CCTV cameras in place
  • Solar power solutions
  • Rain water harvesting systems
  • Feng Shui/Vastu compliance.

Gated Communities and Societies

• The area features numerous secured communities and societies such as VGN Prateesh which promise a safe and well-managed living space. These societies often come with extras like parks, play areas, and visitor parking spaces.

Rental Options

• If you are renting, there are many fully furnished apartments. For case in point, consider a 3 BHK apartment within a gated community which can be rented for roughly Rs 28,500 monthly, with a negotiable rent and a deposit of ₹1.5 lakh.

Pros and Cons

Pros

• Excellent connectivity and closeness to main roads and upcoming metro stations.
• Great appreciation in property values over the years.
• Access to modern amenities and nicely managed gated communities.
• Options for varied budgets, ranging from economical to luxury properties.

Cons

• Skyrocketing property rates might be tough for those on a tight budget.
• Traffic congestion could be problematic in specific areas.

PropertyWala's Conclusion

Iyyappanthangal, Chennai, stands out as an attractive choice for both purchasers and renters due to its strategic location, superb connectivity, and diverse housing options. Its growing property values make it a hot spot for investment. However, purchasers should be aware of rapidly rising costs and potential traffic concerns. With a host of modern amenities, secure neighborhoods, and numerous property options, Iyyappanthangal offers a convenient and pleasant living experience in Chennai.