I am a real estate businessman and a resident of Chennai. I usually explore the market values of properties in different places. I’ve recently been exploring the property market in Madipakkam, Chennai, so if you are curious about the Madipakkam Land Market Value, I can share my insights. I have researched this for my customers and learned about it.
How Much is the Land Market Value in Madipakkam Tamil Nadu?
Let me share what I found, as it might help you if you're considering buying land there:
The current market value for land in Madipakkam varies quite a bit, with prices ranging from around Rs.5,700 to Rs.9,450 per square foot. This fluctuation depends on factors like location, amenities, and the type of property you're looking at.
I discovered that the average land price stands at about Rs.7,800 per square foot, which gives a decent overview of what to expect.
I also found that the land rates have appreciated significantly over time. In the last year alone, land prices have increased by about 15.8%.
Madipakkam is quite popular, with several plots available for sale, making it a vibrant locality for potential buyers. If you're considering an investment, you might want to keep an eye on the market trends here because it looks promising.
I hope this helps you know about the land market value in Madipakkam Tamil Nadu.
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When I first moved to Chennai, I used to live in the Madipakkam area. I moved to another locality last year but I wanted to buy some land in Madipakkam. I did my research about Madipakkam land rate and got to know that
in Madipakkam, Chennai, land costs range from Rs 5850 to Rs 8600 per square foot.What is the Market Value of Land in Madipakkam?
Madipakkam is one of the city's most popular neighbourhoods. In Madipakkam, Chennai, flats cost between Rs 5200 and Rs 7500 per square foot (sq ft) and builder floor costs range from Rs 5650 to Rs 7900 per square foot. The average cost of an apartment in Madipakkam, Chennai is approximately Rs 6600 per square foot.
| (Super Built-up Area) | Change in Land Rates | Rental Yield |
Rs6,250 /- Avg. rate / sq.ft |
42% in Last 5 Years |
4% |
I got to know that in Madipakkam, Chennai, land prices have changed by 10.6% over the past year, 34.4% during the past three, 42.0% during the past five, and 42.0% during the past ten years.
What is Madipakkam
Land Square Feet Rate?
| Locality in Madipakkam | Price | Price Per Sq. Ft. | Plot Area |
Srinivasa Nagar MGP Ramnagar |
Rs 2.04 Crores |
Rs 8,500 per sq. ft. |
2,400 sq. ft. |
Behind Mark's School |
Rs 80 Lacs |
Rs 3,326 per sq. ft. |
2,405 sq. ft. |
Near Shiva Vishnu Temple In Puzhuthivakkam |
Rs 2.25 Crores |
Rs 9,375 per sq. ft. |
2,400 sq. ft. |
12th street In Kuberan Nagar |
Rs 65 Lacs |
Rs 5,416 per sq. ft. |
1,200 sq. ft. |
Ambookan Nagar, near Kesavan Foundation |
Rs 1.2 Crores |
Rs 5,454 per sq. ft. |
2,200 sq. ft. |
Sadasivam Nagar |
Rs 95 Lacs |
Rs 9,223 per sq. ft. |
1,030 sq. ft. |
Bazaar Main Rd near Saraswathy Multispeciality Hospital |
Rs 1.1 Crores |
Rs 8,461 per sq. ft. |
1,300 sq. ft. |
Behind Mark's School In Madipakkam |
Rs 1.44 Crores |
Rs 1,600 per sq. ft. |
9,000 sq. ft. |
You should carefully check the Madipakkam land rate before you plan on investing in a plot. I hope my answer helps you with that.
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Authors Of The Question
What is Market Value of Land in Madipakkam in Chennai?
Harpreet
432Views
7 months
2024-04-04T10:48:34+00:00 2024-04-04T10:49:22+00:00Comment
2 Answers
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