I am planning to purchase an acre of land in Chennai. I wasn’t sure about the 1 acre rate in Chennai and any other details that could help me understand the buying process. So, I researched it and found that where I am looking for the plot, the average price of an acre is around Rs 1.20 crore. However, this pricing depends on different factors, like the location, plot size, and its current condition. Let me share more details I found.
What is the Cost of 1 Acre Land in Chennai?
The region has a significant impact on the price of one acre of land in Chennai. For instance, core areas like Nungambakkam or T. Nagar have greater land costs than periphery like Sriperumbudur. The realtor clarified that while the outskirts are more reasonably priced, prime places might be significantly more expensive.
He clarified that whether the land is for residential, business, or agricultural use affects the price as well. Plots for homes and businesses are frequently more expensive, particularly if they are located in crowded regions.
Rates are typically higher for land near basic facilities like major roads, schools, and hospitals. He clarified that although the initial cost may be higher, properties in well-connected areas have higher investment potential.
He said, despite recent modest rate rises, Chennai's real estate market has been steady. This may have an impact on the price of an acre of land in Chennai today as well as its future worth.
I hope you found this answer helpful.
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I was curious about the 1 acre price in Chennai, so I did some research. I found that there are a number of important elements that determine how much land costs.
What Factors Affects the 1 Acre Cost in Chennai?
The following variables affect land prices in Chennai:
Location
Proximity to amenities
Infrastructure development
Zoning regulations
Demand and supply dynamics
During my plot hunting, I found a 1-acre plot for sale in ECR, specifically in Paramankeni, Mudaliarkuppam. The cost of 1 acre land in Chennai for this plot was around Rs 1.20 Cr. This price reflects the desirable location and the amenities available in the vicinity.
As the price of 1 acre of land in Chennai can fluctuate based on various factors. It is essential to consider these elements and conduct thorough research to find the best deal. So I am waiting for more options before closing the deal.
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I was checking the plot price in Chennai online and on different websites, I came across different prices. The 1 acre land price in Chennai varies as per the location of the plot but other factors like soil type, transportation connection, amenities, and other factors also affect the prices. I checked the prices on several platforms so I can give you an idea. Find out the cost of 1 acre land in Chennai here.
What is the 1 acre rate in Chennai?
The price of 1 acre in Chennai varies a lot yet here are some price lists in different areas:
Location | Price |
Singaperumal Koil |
Rs. 4 crore |
Kalpakkam |
Rs. 1.95 crore |
Chengalpattu |
Rs. 1.30 crore |
Thiruvalluvar Nagar |
Rs. 1 crore |
Marakkanam |
Rs. 1 crore |
Koovathur |
Rs. 1.60 crore |
Chengalpattu |
Rs. 1.50 crore |
This is just to give you an idea about the price. The price of agricultural land is less than that of residential land or commercial land. I would suggest you check the prices of properties on
NoBroker. They provide exact prices so it is a reliable platform. Other platforms you can use to know the property prices are OLX, MagicBricks and more.
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What is 1 Acre Land Price in Chennai?
Wahima
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1 Year
2023-10-04T08:54:15+00:00 2023-10-05T14:39:43+00:00Comment
3 Answers
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