Overview of Sterling Road, Chennai

Location and Neighboring Areas

Sterling Road is situated in the Nungambakkam locality of Chennai, Tamil Nadu, India. It falls under the Chennai District and is near areas like Poombukar Nagar.

Property Prices and Trends

• A property on Sterling Road has a starting price of roughly Rs. 17,500 per square foot.
• The average price hovers around Rs. 18,607 per square foot.
• The cost of high-end properties may reach up to Rs. 21,338 per square foot.

Year-over-Year Price Trends

• Over the past year, property rates on Sterling Road have seen a 3.26% drop, marking a slightly declining market.

Types of Properties Available

Apartments and Flats

• Lots of 2 BHK, 3 BHK, and other types of apartments and flats are up for sale.
• These prices can differ based on the builder, neighborhood, and individual unit features. For instance, a 3 BHK apartment at a project like Akshaya Level Up comes in at around Rs. 22,617 per square foot.

Plots and Land

• Residential plots are also available, like a plot priced at 7.7 Lac covering 468 square feet, measuring 136.8 X 38.01.

Rental Options

• For renting, you can find 2 BHK flats for ₹38,000 per month. These apartments typically come with top-notch amenities.

Amenities and Facilities

• The homes in Sterling Road often include modern features like car and bike parking, multiple bathrooms, and facilities that stand out globally.

PropertyWala's Conclusion

If we focus on real estate aspects, Sterling Road in Chennai comes loaded with options for both buyers and renters. While the prices are a tad bit down which signals a dropping market, the area is still ideal due to its close proximity to major hubs and the range of housing options, from apartments to plots. Both prospective renters and buyers should think about the local amenities, the types of setups available, and overall market trends for wise decisions. Despite the falling prices, Sterling Road stays a good and attractive choice for property investments in Chennai.