Overview of Teynampet, Chennai

Teynampet is an esteemed locality in Chennai, famous for its prime location, upscale living, and bustling real estate market.

Property Prices

• Starting Price: Properties in Teynampet begin at about Rs. 13,061 per square foot.
• Average Price: The average comes in between Rs. 17,928 and Rs. 21,429.98 per square foot, depending on the source.
• Price Range: From Rs. 13,061 to Rs. 26,044 per square foot, with the highest listed price hitting around Rs. 25,283 per square foot.
• Expensive Properties: For luxury listings, the price can go up to Rs. 85.00 crore.

Price Trends

• Year-over-Year (YoY) Growth: Property rates in Teynampet have seen a 13.26% dip over the last year.
• Quarter-over-Quarter (QoQ) Growth: The growth rate, especially in some areas, is roughly 3%, but overall trends show a decline in the past six months.

Types of Properties

• Multistorey Apartments: The most frequent property type, offering various amenities and facilities.
• Independent Houses: Some independent houses exist too, though they are less common than apartments.
• Builder Floors and Villas: These options cater to different preferences and budgets.

Rental Market

• Monthly Rent: For apartments in Teynampet:
  • 3 BHK flats: ₹57,000 to Rs. 2.4 lakhs per month.
  • 4 BHK flats: About Rs. 2 lakhs to Rs. 5 lakhs per month.
• Facilities and Amenities: Leasing properties often include features like air conditioning, wardrobes, covered parking, and maintenance services.

Location and Accessibility

• Prime Location: Teynampet is situated in central Chennai, close to major landmarks, schools, supermarkets, and metro stations.
• Proximity to Green Spaces: The locale is near prominent parks such as the Semmozhi Poonga Botanical Garden and Guindy National Park.

PropertyWala's Analysis

We can say that Teynampet, Chennai, stands out as a desirable area for both buyers and renters because of its prime spot, variety in property types, and available amenities. Even though there’s a downward trend in property prices, it might be a good moment to purchase since buyers seem to have an advantage now. For those renting, the locality offers numerous options and amenities. To keep informed, it is essential to keep an eye on price trends and market movements when considering an investment in Teynampet.