Overview of Srinivasa Nagar, Chennai

Location

Srinivasa Nagar lies in the Chennai district of Tamil Nadu, India, belonging to the larger Kolathur area.

Property Prices

• Starting from around Rs. 3,800 per square foot, the prices of properties in Srinivasa Nagar.
• Homes here typically cost about Rs. 5,487 per square foot on average.

Year-on-Year Price Trends

• Property prices dropped by 8.54% last year, signaling a downward move in the housing market.

Rental Market

Rental Prices

• Monthly rental for 1 BHK houses ranges from Rs. 6,000 to ₹12,000.
• For 2 BHK houses, monthly rent is usually from ₹12,000 to ₹23,000.
• Rent for 3 BHK houses might be about ₹30,000.

Amenities and Facilities

• Many rentals offer parking for cars and bikes, along with 24-hour water supply, and close to schools, parks, and shops.
• Some units come fully or semi-furnished. Extra features can include a lift and marble floors.

Preferred Tenants

• Landlords usually favor families, or bachelors, depending on the property type.

Property Types

• The area offers both individual houses and apartments, in both new and older builds.

PropertyWala's Conclusion

Srinivasa Nagar, Chennai, emerges as a good pick for buyers and renters alike. Despite the price drop seen over the past year, the affordability and diverse amenities draw attention. Its location near important services makes it appealing. Yet, potential buyers and renters should keep an eye on market shifts and weigh landlords' needs carefully before deciding.