Property Prices in Chennai, India

Index Info
Price to Income Ratio: 7.94
Mortgage as Percentage of Income: 86.72%
Loan Affordability Index: 1.15
Price to Rent Ratio - City Centre: 39.41
Price to Rent Ratio - Outside of Centre: 27.46
Gross Rental Yield (City Centre): 2.54%
Gross Rental Yield (Outside of Centre): 3.64%
Rent Per Month
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Apartment (1 bedroom) in City Centre 16,492.24 ₹ 10,000.00-30,000.00
Apartment (1 bedroom) Outside of Centre 9,833.33 ₹ 7,000.00-15,000.00
Apartment (3 bedrooms) in City Centre 40,289.47 ₹ 30,000.00-75,000.00
Apartment (3 bedrooms) Outside of Centre 22,325.00 ₹ 15,000.00-35,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 15,291.63 ₹ 9,999.92-24,999.79
Price per Square Feet to Buy Apartment Outside of Centre 6,116.78 ₹ 4,999.96-8,999.93
Salaries And Financing
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Average Monthly Net Salary (After Tax) 72,511.63 ₹
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 9.15 8.00-13.00

These data are based on 417 entries in the past 18 months from 66 different contributors.
Last update: March 2025

Sources and References
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