Property Prices in Chennai, India

Index Info
Price to Income Ratio: 8.19
Mortgage as Percentage of Income: 89.90%
Loan Affordability Index: 1.11
Price to Rent Ratio - City Centre: 39.20
Price to Rent Ratio - Outside of Centre: 28.02
Gross Rental Yield (City Centre): 2.55%
Gross Rental Yield (Outside of Centre): 3.57%
Rent Per Month
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Apartment (1 bedroom) in City Centre 16,717.62 ₹ 10,000.00-30,000.00
Apartment (1 bedroom) Outside of Centre 9,842.11 ₹ 7,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 39,119.05 ₹ 25,000.00-70,000.00
Apartment (3 bedrooms) Outside of Centre 21,771.43 ₹ 15,000.00-35,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 15,077.29 ₹ 9,999.92-24,999.79
Price per Square Feet to Buy Apartment Outside of Centre 6,165.78 ₹ 4,999.96-8,999.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 69,839.79 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.24 8.00-12.00

These data are based on 437 entries in the past 18 months from 67 different contributors.
Last update: December 2024

Sources and References
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