Theyagaraya Nagar, Chennai

About

Overview of Theyagaraya Nagar, Chennai

Location and Popularity

Theyagaraya Nagar, often called T Nagar, stands out as one of the most prestigious and sought-after areas in Chennai. It’s centrally located, offering straightforward access to many parts of the city, including major commercial hubs, educational institutions, hospitals, and shopping centers.

Property Rates
  • Average Price per Sqft: Properties in T Nagar typically cost around ₹17,353 per sqft, with prices starting at ₹9,090 per sqft and reaching up to ₹22,056 per sqft.
  • Price Range for Different Property Types:
    • Apartments: ₹15,000 - ₹21,800 per sqft.
    • Land: ₹22,950 - ₹33,400 per sqft.
    • Builder Floors: ₹16,500 - ₹19,550 per sqft.
Property Types and Configurations
  • Apartments: Available in 1 BHK, 2 BHK, 3 BHK, and 4 BHK configurations. Prices for apartments range widely, from ₹55.3 Lac to ₹14.50 Cr.
    • For instance, a 2 BHK flat ranges from ₹85.5 lakhs - ₹2 crores, while a 3 BHK flat falls between ₹2.33 Cr to ₹4.02 Cr.
  • Independent Houses: Also available, though less common than apartments.
  • Land and Plots: For those keen on building their homes, land rates are roughly ₹22,950 - ₹33,400 per sqft.
Price Trends
  • Year-over-Year (Y-o-Y) Growth: Rates in T Nagar have gone way up, rising 12% in 2024 and 10% in 2023.
  • Quarter-over-Quarter (Q-o-Q) Changes: Recent quarters show moderate changes, with a 4% increase in the Oct-Dec 2024 quarter and a -1% drop in the Jul-Sept 2024 quarter.
Rental Market
  • Rental Prices: Monthly rent varies widely based on configuration and amenities:
    • A 1 BHK flat typically costs ₹17,500 - ₹28,000 per month.
    • A 2 BHK flat usually ranges from ₹28,000 - ₹30,000 per month.
    • A 3 BHK flat can go from ₹70,000 per month with features like lifts, CCTV, and security.
  • Security Deposits: Typically between ₹1.05 lakh to ₹3.5 lakhs depending on the property.
Amenities and Infrastructure
  • Amenities: Properties often include modern features such as lifts, round-the-clock power backup, security, car parking, bike parking, and more.
  • Connectivity: Excellent links to schools, hospitals, markets, and railway stations, making it ideal for families and professionals.
PropertyWala's Conclusion

T Nagar, Chennai, has a profitable real estate market with a blend of affordable and luxury properties. It is well-liked due to its central position, good connectivity, and modern amenities. While prices are higher, consistent appreciation makes this a good investment. For rentals, T Nagar offers diverse options with varying costs and features. Overall, T Nagar is perfect for both buyers and renters, combining convenience, luxury, and future appreciation.

Reviews

Theyagaraya Nagar is having a plan by the Govt to make Theyagaraya Rd stretch from Panagal Park to Mount Rd as Shoppers Paradise through World Bank Project in the near future.

Pros
  • Good Connectivity

Theyagaraya Nagar is the one of the prime residential and commercial locality in Chennai. It is the center of the city with easy access to all amenities, major schools, shopping arenas, etc. well connected by rail and road.

Pros
  • Centre of Chennai

Theyagaraya Nagar is a prime location, heart of the city. You can find buses/trains 24 X 7 here. Near to this place there are temples (like TTDC), hotels (saravanabhavan) etc.

Pros
  • Everything is available within 500 m
Cons
  • thickly populated

Theyagaraya Nagar is a place of identity of Chennai people. It is one of the best trading centers in Chennai.

Pros
  • Easier accessibility
  • The best trading centers in Chennai.
Cons
  • Densely populated.
Theyagaraya Nagar, Chennai is rated 7 out of 10 based on 4 user reviews.
Disclaimer: The reviews are opinions of PropertyWala.com members, and not of PropertyWala.com.

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Projects

Star Grandeur - Theyagaraya Nagar, Chennai

Star Grandeur

Theyagaraya Nagar, Chennai

  • Started
  • Nov, 2016

1BHK, 2BHK and 3BHK residential apartments in Theyagaraya Nagar, Chennai.

: Star Property Developers is offering beautiful 1BHK, 2BHK and 3BHK residential apartments in Star Grandeur in Theyagaraya Nagar, Chennai.
Harmony Tranquil - Theyagaraya Nagar, Chennai

Harmony Tranquil

Theyagaraya Nagar, Chennai

  • Started
  • Mar, 2012

Stilt Apartment Complex

: Harmony Tranquil is a plush Stilt + 2 apartment complex located in T.Nagar. Close to Mount Road / Teynampet Signal near GRT Grandays Hotel on Dr Thomas Road.

Sale Properties

Residential Land for sale in T Nagar, Chennai
₹ 52 Cr

Residential Plot for sale in T Nagar

₹ 52 Cr

  • 11,330 SqFeet
  • ₹45,896/SqFeet
  • Immediate

South East facing 4.5 Ground Plot with Old Building

: 1. Residential plot located at heart of Chennai shopping location Tnagar Usman road 2. Under the flyover opposite to Fathima jewellery next to the government ladies high school 3. 4.5 Ground plot with 2400 sq.ft old house 4. South West Gated community with boundaries with wall 5. Documents are...
3BHK for sale in Lancor Lakshmi Enclave, T Nagar, Chennai

3BHK Flat for sale in T Nagar

Apartment / Flat

: Lancor Lakshmi Enclave by Lancor Properties at T Nagar, GN Cherry Road in Chennai offers residential project that host 3 bhk apartment in various sizes.

Rental Properties

Price Trends

Locality ID
A731112514
PinCode
600083