Pammal, Chennai Overview

Pammal, sitting in the south-west part of Chennai, stands out as a leading residential and commercial hotspot with a steady rise in the real estate market.

Property Rates

• Pammal's property prices average Rs. 6,744 per sqft, ranging from Rs. 3,376 to Rs. 8,950 per sqft.
• Flats usually sell for Rs. 5,550 to Rs. 7,950 per sqft, while land lands somewhere from Rs. 3,000 to Rs. 6,400 per sqft. Builder floors cost Rs. 5,650 to Rs. 8,850 per sqft.

Property Value Trends

• The market for properties in Pammal has seen an impressive rise, with a 22.69% hike in the last year and a 21.1% increase over the past year for flats. Over five years, there’s been a 51.6% appreciation in flat rates, escalating to 79.2% over the last decade.

Rental Market

• Pammal's rental market is lively, ranging from Rs. 7,000 to ₹25,000 per month, depending on property type and size. This makes it great for buy-to-let investors.

Infrastructure and Connectivity

• Pammal is quickly improving its infrastructure and connectivity, making it a good choice for both buyers and investors. The area is also near main employment hubs in Chennai.

Proximity to Employment Zones

• Pammal is close to several developed employment hubs, raising the appeal of the region.
  • Nearby schools and workplaces boost the need for homes.

Local Amenities

• Pammal is close to a number of developed neighborhoods, offering various housing choices and amenities.
  • Areas like VOC Nagar, Ayyappa Nagar, LIC Colony, Shankar Nagar, and more provide lots of living options and community perks.

What’s For Sale

• Pammal has lots of property types:
  • Apartments
  • Standalone Houses
  • Villas
  • Builder Floors
  • Plots of Land.

PropertyWala’s Take

Here in Pammal, Chennai, both buyers and renters will find a fantastic, competitive deal due to its cost, improving structure, and great location. Consistent growth in property prices and solid rental demand make it good for first-time buyers, investors, and anyone looking for cheap housing close to the city’s biggest hubs. Pammal has appreciated greatly in property value over the years, adding to its balance of affordability and chances for long-term profit.