Vannanthurai, Chennai

About

Overview of Vannanthurai, Chennai

Location and Amenities

Vannanthurai sits in the Besant Nagar area of Chennai. It's famous for its peaceful and residential feel. The area offers all necessary amenities, including good groundwater, few power cuts, and a cool interior even in summer. Most amenities are within a 1 km distance, ensuring it's easy to live comfortably.

Property Rates

Here are the crucial points about property rates in Vannanthurai based on the latest data:

  • Average Price per Sqft: ₹9,705
  • Range of Prices per Sqft: ₹8,727 to ₹10,285
  • Growth Trend: There's been a 4.82% drop in property rates over the past year.
Types of Properties Available
  • Apartments: A variety of apartments, including 1 BHK, 3 BHK, and other configurations, are on offer. For example, a 3 BHK flat on Ramasamy Avenue is priced at ₹1.35 Cr or about ₹12,273 per sqft.
  • Independent Houses: There are also ready-to-move houses in the area but generally, these are more costly. For instance, an unfurnished house in Adyar could be sold for around INR 3.68 Cr.
Rental Options

Here’s information for those seeking to rent:

  • Rent Prices: A 1 BHK flat on Ellaiamman Koil Street is available for rent at ₹18,000 plus ₹2,000 for maintenance fees. The monthly deposit stands at ₹1.5 lakh, and the built-up area is close to 420 sqft.
  • Furnishing and Amenities: Rented properties often come fully furnished. That means you have TV cabinets, beds, kitchen cabinets, cupboards included.
Pros and Cons

Pros:

  • Peaceful residential area.
  • Convenience with nearby amenities.
  • Suitable groundwater and infrequent power cuts.
  • Cool interior even in summer.
  • Diverse property types.

Cons:

  • Recent property rate drop (4.82% YoY) impacts investment returns.
PropertyWala's Conclusion

Vannanthurai, Chennai, offers a mix of residential comfort and ease. It’s an appealing choice for both buyers and renters. While the recent decline in property expenses should concern investors, the good amenities and calm atmosphere remain. It’s important to review the price trends and check if the current market suits your investment or living goals.

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Locality ID
A203459811
PinCode
600092