Overview of Thaiyur, Chennai

Location and Accessibility

• Thaiyur is found in the Kanchipuram district, just off the Old Mahabalipuram Road (OMR), known for being the IT hub of Chennai. This location gives easy access to top IT parks, reputable educational institutes, and well-known multi-specialty hospitals.

Real Estate Market

• Growth is noticeable in this area due to the booming IT industry, attracting both home buyers and investors. Thaiyur's real estate value is expected to rise over the next few years.

Property Prices

• Flats and Apartments:
  • Prices range from Rs. 4,000 to Rs. 5,250 per square foot, with the average price around Rs. 4,100 per square foot.
  • Start prices for Thaiyur's properties are low, at Rs. 1,250 per square foot, but generally hover higher, at an average of Rs. 5,788 per square foot.
• Land Rates:
  • Land prices sit between Rs. 2,500 to Rs. 3,300 per square foot.
• Luxury Properties:
  • The most luxurious properties reach up to Rs. 8,002 per square foot.
  • Independent houses and villas are available in prices such as Rs. 48.8 Lac to Rs. 1.12 Cr for a 3 BHK house.

Types of Properties

• Thaiyur has several property types, including:
  • Apartments
  • Independent houses
  • Villas
  • Residential plots between 600 to 2000 square feet.

Infrastructure and Amenities

• This area has top-notch infrastructure and a peaceful setting, making it a prime spot for people who want clean air and a balanced life.
• You’ll also find it close to schools, hospitals, and many civic facilities.

Price Trends and Appreciation

• Flat rates in Thaiyur have changed at -3.5% over the last year, -16.3% over the last 3 years, yet risen 10.8% over the last 5 years, and 17.1% over the last 10 years.
• Land rates have climbed by 12.0% over the last year, 27.3% over the last 3 years, 60.0% over the last 5 years, and 64.7% over the last 10 years.

PropertyWala's Conclusion

Thaiyur, Chennai, holds great promise for home buyers and investors due to its prime location, flourishing IT sector, and expected real estate appreciation. With multiple property types, from affordable to luxurious, along with strong infrastructure and amenities, Thaiyur is becoming a favored suburban haven in Chennai. However, it’s important for potential buyers to look into the current price trends and past data to make an informed decision.