Introduction to Veppampattu, Tiruvallur

Veppampattu, situated in the Tiruvallur district, is a burgeoning suburb beside Chennai. Here’s an insight into this locality in the context of real estate:

Real Estate Prices and Trends

• Residential Housing:
  • The average costing for properties in Chennai’s Veppampattu is roughly Rs. 3,994 per square foot, moving from Rs. 2,900 to Rs. 6,881 per square foot.
  • In the Tiruvallur district, Veppampattu’s flat prices hover between Rs. 3,050 - Rs. 3,600 per square foot, while land rates lie between Rs. 1,000 - Rs. 2,500 per square foot. For builder floors, prices span from Rs. 3,550 - Rs. 4,550 per square foot.

Property Types on Offer

• Standalone Homes: Many standalone homes exist here, including units like 1 BHK, 2 BHK, and 3 BHK. So, a 2 BHK standalone home has a footprint of around 950 square feet, selling on average at Rs. 4,320 per square foot.
• Luxury Homes and Floors: Also available are upscale villas and builder floors with different layouts and configurations.
• Plots and Land: Numerous plots and land parcels are accessible, starting at 600 square feet to 2500 square feet, with pricing differing based on size and amenities. To illustrate, a 600 sqft lot can be found for roughly Rs. 13 lakhs, while a 2500 sqft plot can reach up to Rs. 40 lakhs.

Amenities and Infrastructure

• Transport Links: Veppampattu's place on the Tiruvallur-Tirupati Highway guarantees excellent connectivity.
• Facilities: Expect to find well-maintained parks, LED street lighting, three-layer blacktop roads, potable groundwater, and gated community security. Certain lots might also include corporation water, effective drainage, water treatment, green spaces, and sewage treatment.
• Proximity to Essential Services: In close vicinity are renowned schools, colleges, hospitals, and other fundamental services.

Available Rentals

• Offers for Rent: Potential renters can choose among semi-furnished and unfurnished 2 BHK properties and villas. For instance, a 2 BHK space of 950 square feet can be rented for around ₹50,000 per month plus maintenance charges.

Investment Prospects

• Market Growth: Properties in Chennai's Veppampattu saw a 3.81% decrease last year, whilst land rates in Tiruvallur’s Veppampattu displayed noteworthy gains: up by 58.8% over the past 5 years, and an 80% increase over the last decade.
• Urbanization: The area is quickly advancing, thereby making it a perfect spot for both living and investing purposes.

PropertyWala’s Take

Veppampattu, Tiruvallur, holds significant promise for both buyers and investors because of its strategic positioning, enhanced infrastructure, and a rising real estate landscape. With an assortment of property types and fair prices, it provides a combination of city convenience and natural charm, thereby attracting individuals looking for a quiet yet accessible residential area.