Overview of TVS Colony, Chennai

Location and Amenities

TVS Colony lies in Anna Nagar West Extension, Chennai, a place that's well-developed and high in demand. Known for tight connectivity, this local area stands close to numerous amenities including schools, hospitals, shopping centers, and public transport.

Property Rates

• Starting prices for properties in TVS Colony are about Rs. 13,225 per square foot, averaging around Rs. 14,471 per square foot.
• There has been a big annual increase (on-year growth) in property prices, with a 23.32% rise observed in the past year.

Property Types and Configuration

• Apartments and Flats: These are the most frequent property types on offer. Apartment prices per square foot generally hover between Rs. 10,163 and Rs. 14,471, varying based on property specifics and included perks.

  • Common arrangements are 1 BHK, 2 BHK, and 3 BHK flats.
  • Example: A 1 BHK flat may cost around Rs. 7,547 per square foot.

• Independent Houses: There are also standalone homes available for rent or sale, great for families wanting more space and seclusion.

• Plots and Land: Those keen on constructing their own residences can find plots and land in gated localities recognized by the Chennai Metropolitan Development Authority (CMDA).

Price Range

• For sale properties generally range between ₹80 Lac to ₹1 Cr, with 2 BHK being the most common room configuration.

Rental Options

• If you prefer renting, the choices include 3 BHK houses typically renting for around ₹33,000 monthly.

Growth and Investment Potential

• There's been a significant increase in property prices within the area, hinting at good profit potential for both selling and buying.
• According to the price trend, this might be a smart period for buyers and investors to buy properties in TVS Colony.

Quality of Life

• TVS Colony offers a solid quality of life, with easy access to essential services and amenities.
• The locality's excellent connectivity makes daily commuting a breeze.

PropertyWala's Verdict

For anyone eyeing to buy or rent in TVS Colony, Chennai, this spot presents an appealing blend of affordability, amenities, and investment value. With its sharp rise in property rates year over year, it stands out as a favorable spot for investors and homebuyers alike. With its array from apartments to standalone houses and plots it caters to varied requirements and budgets. But, it's vital to stay updated on the current market trends to make a knowledgeable choice.