Overview of Rangarajapuram, Chennai

Location and Accessibility

Rangarajapuram lies in Kodambakkam, Chennai. It’s a locality that’s easy to get to and works well for folks living there and those who travel around the city.

Property Prices

• Average Cost per Sqft: Expect about Rs. 8,637 per square foot on average.
• Price Range per Sqft: Prices jump around between Rs. 6,857 to Rs. 9,722 per square foot.
• Affordability: Most homes for sale in Rangarajapuram West Mambalam cost between ₹40 Lakh and ₹60 Lakh. You can also find some priced from ₹1.8 Crore up to ₹2 Crore.

Market Trends

• Year-on-Year Shifts: Over the last year, property rates have gone down by 29.72%, showing a potential deal for buyers.
• Quarterly Changes: Prices are bouncing around from quarter to quarter. Specifically, in the West Mambalam area, property prices fell by 7% from October to December '23, while prices in Kodambakkam saw a 7% rise in the same period.

Types of Homes

• Apartments and Flats: Plenty of options to rent or buy. There are both semi-furnished and fully furnished choices. For instance, a 2 BHK flat fetches around ₹22,000 monthly to lease.
• Independent Houses: New and ready-to-move homes are also available. For example, a 3 BHK house is priced at Rs. 4.31 Crore.

Rental Market

• Rent Costs: The rental scene here is competitive. A 2 BHK flat can usually be rented out for around ₹22,000 each month.

Amenities and Infrastructure

• Nearby Services: Rangarajapuram is nearby schools, hospitals, shops, and public transport, making it really convenient.
• Road Networks: The area enjoys good road connectivity and falls within an urban zone with developed infrastructure.

PropertyWala's Final Thoughts

Rangarajapuram in Chennai has both affordable and luxurious real estate. Considering the recent price dip, now seems like a good time to purchase property here. However, it’s smart to look closely at market shifts and think about future growth prospects. For rent seekers, there’s a variety of housing at fair prices. All in all, Rangarajapuram stands out as a solid spot for both buyers and regular users who seek connections and many amenities in Chennai.