Overview of Tharamani, Chennai

Location and Connectivity

• Tharamani lies along the Rajiv Gandhi IT Expressway and Taramani Link Road, ensuring excellent intercity connectivity.
• Access is easy via MGR Main Road, CSIR Road, and MGR Film City Road.
• The nearest metro station is Little Mount on the Blue Line of Chennai Metro, around 6 km away.

Property Types and Pricing

• Tharamani mainly offers ready-to-move 2 BHK apartments, the most favored choice.
• The average price per square foot is about ₹10,598, starting at ₹20,833 per sqft for specific properties.
• Most prefer properties priced below ₹50 lakhs.

Amenities and Infrastructure

• Tharamani properties often feature modern amenities including corporation water, covered car parking, and rooftop pools.
• Some come within gated communities, boasting vitrified tiles flooring and bank approvals.

Rental Market

• Rental options span 1 BHK and 2 BHK flats, starting at roughly ₹12,000 per month for a 1 BHK flat, plus maintenance charges.

Development and Growth

• Tharamani belongs to one of Chennai’s fastest growth corridors, fueled by the booming IT and industrial sectors.
• It will benefit from the planned extension of the Chennai Metro Blue Line to Kilambakkam.

Challenges

• Some areas face parking issues due to limited space.

Property Trends

• Property values in Tharamani have seen considerable year-over-year increases, marking a profitable time for both selling and buying.
• The local real estate market responds to broader trends in Chennai, including recent hikes in property tax and revisions in land circle rates.

PropertyWala’s Conclusion

Tharamani, Chennai, makes a strong option for buyers and renters alike. Its strategic location, modern amenities, and expanding infrastructure make it appealing to professionals. Yet, be mindful of parking challenges in some regions. With property prices rising, now is a good time to invest, but careful evaluation of market trends and local regulations is essential before jumping in.