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Virudhunagar, Tamil Nadu Property Guide
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Overview of Virudhunagar from a Real Estate Perspective
Property Prices for Buying
- Average and starting prices: Properties in Virudhunagar average at ₹3,714 per square foot.
- No variation: The price range remains unchanged at ₹3,714 per square foot with no notable variations.
- Property types and locations: Types include independent houses and villas, situated mainly in areas such as Lakshmi Nagar, Rajapalayam, and Sengunrapuram. Prices for properties differ significantly based on location and type:
- Virudhunagar Main Road offers a 2 BHK independent house at around ₹29.8 Lac.
- A 1 BHK independent villa in Sengunrapuram could reach ₹2.50 Cr.
- A 4 BHK villa in Lakshmi Nagar might cost ₹85 Lac.
Rental Properties
- Starting prices: You can rent houses and apartments starting at ₹2,500 per month.
- Wide range of rental prices: Here are a few examples:
- Lakshminagar offers a 2 BHK house for ₹7,000 per month.
- Muthuraman Pati rents out a 3 BHK renovated house for ₹13,000 per month.
- Nakeeran Street’s 2 BHK house can be rented for ₹15,000 per month.
- Rental options include houses, villas, apartments, and builder floors, catering to various family sizes, lifestyles, and budgets.
Important Factors to Consider
- Location: How close it is to schools, workplaces, and local amenities shapes your experience. Popular and accessible locations are Lakshmi Nagar, Rajapalayam, and Sivakasi.
- Neighborhood Safety: The safety and suitability of the area must meet your requirements.
- Lease terms and amenities: Check properties for maintenance issues and ensure all amenities and furnishings are well kept.
Market Trends
- Current market: It’s beneficial to buy and sell properties in Virudhunagar right now.
- Long-term stability: Stability in property values continues as land rates in nearby areas like Sivakasi have not changed much over the last 10 years.
PropertyWala's Conclusion
Virudhunagar offers a reliable and potentially rewarding real estate market for both buyers and renters. With various types and locations available, it suits different budgets and preferences. The consistent property prices and stable long-term trends make Virudhunagar a good choice for those seeking real estate investment or a place to live. Nonetheless, carefully weigh factors like location, safety, and lease terms for a worthwhile outcome.