Overview of Tambaram, Chennai

Location and Connectivity

Tambaram, positioned just off the outskirts of Chennai, has evolved drastically from a serene neighborhood into a bustling residential center. Its strategic location provides convenient access to major IT hotspots, merely 25 km away. Tambaram's connectivity is also supported by major highways like the Chennai Bypass Road and the Tambaram-Velachery Road. The forthcoming Chennai Metro Phase 2 will improve travel to significant city zones like Velachery, Guindy, and Little Mount.

Property Rates and Trends

Average Property Prices

The average cost of properties in Tambaram is around Rs. 5,414 per square foot, with costs spanning Rs. 3,666 to Rs. 7,150 per square foot. Prices for flats in Tambaram fluctuate between Rs. 4,750 and Rs. 7,050 per square foot.

Price Appreciation

Tambaram’s property values have risen by 3.28% within the past 1 year. Flat appreciation has moved up by 12.1% in the last year, 17.6% over the past 3 years, and 25% over the last 5 years. Land rates increased by 9.1% over the last year, soared by 35.8% in the last 3 years, and boosted by 53.2% in the last 5 years.

Specific Localities

• Vishnu Nagar: Average cost is Rs. 7,487 per square foot, with prices from Rs. 5,714 to Rs. 7,984.
• Tambaram Mount: Average price is Rs. 4,235 per square foot, ranging from Rs. 3,699 to Rs. 5,494.
• Patel Nagar: Average price is Rs. 6,175 per square foot, ranging from Rs. 5,200 to Rs. 7,150.
• Rajiv Gandhi Nagar: Average price is Rs. 6,954 per square foot, going from Rs. 5,909 to Rs. 8,000.

Rental Market

Rental Prices

• 1 BHK Flats: Rent spans between Rs. 6,300 and Rs. 11,900 per month.
• 2 BHK Flats: Rent ranges from Rs. 8,400 to ₹15,000 per month.
• 3 BHK Flats: Rent moves from Rs. 13,350 to Rs. 27,600 per month.

Amenities and Options

Many rental properties don't require brokerage fees. These properties typically include modern amenities and provide good quality of life and accessible connections.

Real Estate Growth and Investment Potential

Current Trends

Tambaram has experienced notable property value increase due to its close distance to IT places and improved connections. New flat supply has grown by 30%, reflecting high demand and developer interest.

Future Potential

Anticipated growth due to the upcoming Chennai Metro Phase 2 makes this region a lucrative investment spot. Rental returns around 6-8%, providing a good investment opportunity.

PropertyWala's Conclusion

Tambaram, Chennai, offers a strong combination of strategic location, improved connection, and solid real estate upward trend, creating it an ideal spot for both buyers and renters. With rising property values and growing rental yields, alongside ongoing infrastructure expansion, Tambaram stands out as a vibrant market. If you seek property investment or a nice place to call home, Tambaram's mix of urban living and natural environment makes it a highly desirable area.