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The current price trend in rent and sale of 1,2 and 3 BHK flats in Chennai city centre and suburbs, mortgage, affordablilty and investment information along with comparison of other metro cities of India - Mumbai, Bangalore and Hyderabad.
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Flats' Sale & Rental Rates in
CHENNAI
Index
Price to Income Ratio : 15.65
Mortgage as Percentage of Income : 200.38%
Loan Affordability Index : 0.50
Price to Rent Ratio - City Center : 45.40
Price to Rent Ratio - Outside of Center : 27.53
Gross Rental Yield (City Center) : 2.20%
Gross Rental Yield (Outside of Center) : 3.63%
Comparison
Chennai
15.65
200.38%
0.50
45.40
27.53
2.20%
3.63%
Mumbai
31.86
390.45%
0.26
40.72
33.76
2.46%
2.96%
Bangalore
8.37
104.25%
0.96
27.72
20.42
3.61%
4.90%
Hyderabad
6.56
81.72%
1.22
22.35
22.30
4.47%
4.48%
Rent/Month
1 BHK Flats in Chennai City Center
Range: Rs.10,000.00 - 15,000.00
Average: Rs.11,160.71
1 BHK Flats in Chennai Suburbs
Range: Rs.6,000.00 - 8,000.00
Average: Rs.7,057.69
Comparison
1 BHK in City Center
Chennai
Rs.11,160.71
Mumbai
Rs.31,669.12
Bangalore
Rs.12,587.38
Hyderabad
Rs.8,801.72
Comparison
1 BHK in Suburbs
Chennai
Rs.11,160.71
Mumbai
Rs.15,395.52
Bangalore
Rs.7,744.79
Hyderabad
Rs.5,025.00
Rent/Month
2 BHK Flats in City Center
Range: Rs.19,000.00 - 26,000.00
Average: Rs.20,517.71
2 BHK Flats in Suburbs
Range: Rs.10,000.00 - 13,000.00
Average: Rs.11,897.79
Rent/Month
3 BHK Flats in City Center
Range: Rs.23,000.00 - 35,000.00
Average: Rs.28,664.71
3 BHK Flats in Suburbs
Range: Rs.15,000.00 - 20,000.00
Average: Rs.17,058.82
Comparison
3 BHK in City Center
Chennai
Rs.28,664.71
Mumbai
Rs.70,528.57
Bangalore
Rs.33,331.68
Hyderabad
Rs.22,803.88
Comparison
3 BHK in Suburbs
Chennai
Rs.17,058.82
Mumbai
Rs.35,720.88
Bangalore
Rs.20,500.00
Hyderabad
Rs.12,978.30
to Buy Flats
Price per Square Meter of Flats in Chennai City Center
Range: Rs.107,639.10 - 161,458.66
Average: Rs.131,776.63
Chennai Suburbs
Range: Rs.43,055.64 - 59,201.51
Average: Rs.48,926.47
Comparison
City Center
Chennai
Rs.131,776.63
Mumbai
Rs.311,423.51
Bangalore
Rs.92,266.90
Hyderabad
Rs.51,409.23
Comparison
Suburbs
Chennai
Rs.48,926.47
Mumbai
Rs.128,142.60
Bangalore
Rs.41,805.06
Hyderabad
Rs.29,235.85
Salaries and Financing
Average Monthly Disposable Salary (After Tax)
Range: Rs.20,000.00 - 40,000.00
Average: Rs.28,865.40
Mortgage Interest Rate in Percentages (%), Yearly
Range: 10.75 - 12.50
Average: 11.51
Comparison
Average Monthly Disposable Salary (After Tax)
Chennai
Rs.28,865.40
Mumbai
Rs.34,496.58
Bangalore
Rs.40,065.00
Hyderabad
Rs.30,719.35
Comparison
Mortgage Interest Rate in Percentages (%), Yearly
Chennai
11.51
Mumbai
10.84
Bangalore
11.09
Hyderabad
11.08
www.sumangalihomes.in
Flats for Sale | Flats for Rent
Medavakkam | Perumbakkam | Vengaivasal
Chennai