Current Sq Ft rates at chennai

Thanks Shanvy for the response.
Sure i did go through the posts yesterday briefly before posting my message, will do that again.
I liked Ponmar as a location as viewed in Google earth and have not visited personally there yet.
Looks like ponmar has increased spirally over the past few months and we may go look out for some place around tiruvallur nearer to HM factory.

In principe we have zero-ed in around the thiruvallur area and most likely would be visiting them by the weekend. Wikimpia unfortunately is not able to zoom and clarity of hte image is not clear. We believe this area has better appreciability factor as compared to the ponmar area.

Precisely we'd be looking around the HM area such as Satyanarayana puram, balakrishna nagar etc. The price range seems to be 160-300.sq ft

Will keep you posted after the visit. In the mean time, suggestions welcome !!!

hi ashwini,

With the automobile belt increasing everyday with nissan, renault also opening their places here..it is going to be the best upcoming area of chennai, where in with the slump in it there may be a slow down in the it SEZ and other areas, that does not mean you are going to get anything cheap. Most of the places in these areas were brought by nri's who i suppose will wait till the next rise.

My only concern on the whole, is the threat of acquisition. There is also a split in the govt...right now..and all of them hold huge pockets of land. And how things could change after the election.

So this is what i would suggest. don't judge by the wikimapia. it is only to give you a rough idea. since you are in chennai...i know it swallows whole time..go and check a few areas and then zero on.

the price looks reasonable. but you can bargain on the price only after you have seen. if you are going by the ads in the paper, just cross verify RE agents in the same vicnity for prices..and then conclude.

if it is a second hand, if there are new properties, the second sale will always be less. the guideline value also could change from what is given in the website as the last registered value for that area will be the new guideline most of the time.

So whether it is less or more is your luck....

I hear thiruvallur is promising. I had a offer for a area little far off from thiruvallur at 175 sq.ft. but right now we are sceptical about the real estate markets...so watching from the sidelines..

All the best on your search...and finalising...

Shanvy,

can u give me the land rates i.e sq.ft in Mahindra city.Whether it is worth to get a land in mahindra city

Hi,
I would suggest that if you want to invest in Tiruvallur area, you can do that. land prices in Ambattur have gone so high, from 6 lakhs to 1 crore in a matter of 2 years. And I think the same would be the case with T'vallur also. The road and rail are well connected and so it may be advisable.
Aswin,
do visit the Veera raghava perumal temple in Tiruvallur when you go visiting, such a nice temple, opne thro out the day.

Originally Posted by Vijaylakshmi

Shanvy,

can u give me the land rates i.e sq.ft in Mahindra city.Whether it is worth to get a land in mahindra city

Mahindra city is a vague location. you cannot buy inside mwc. The area around mwc was sold out mostly as hot cake in the last two years. you still have a few new layouts. there are few things that are to be taken care.
the rates could be anywhere between 600/400 depending on the location, the distance from gst and everything else.

REgarding is it worth is again a question only you can answer. those who brought ground at 5k and 20k in the 80's/90's are raking in the moolah 200/400 times also.

again, if you are looking at it as investment, you need to leave it to appreciate. there is a very little slug in the RE, though people talk the market is very low, will correct, the inside story says the rates may just be down by 25/50/75 rs for sq.ft when it comes to land.

but land has an appreciation value. if you are looking at building later at mwc vicinity, you have to wait for some time for the area to develop just like the ford employees building around in gokulapuram..and you know when ford company came in chennai and how long it has taken for the development.

Originally Posted by Varloo

Hi,
I would suggest that if you want to invest in Tiruvallur area, you can do that. land prices in Ambattur have gone so high, from 6 lakhs to 1 crore in a matter of 2 years. And I think the same would be the case with T'vallur also. The road and rail are well connected and so it may be advisable.
Aswin,
do visit the Veera raghava perumal temple in Tiruvallur when you go visiting, such a nice temple, opne thro out the day.

Hi varloo,

Seeing you in this thread after so many days. will have to visit the temple..

RE all over has gone up. Now ambattur is really spiking what with the IT/ITES parks.

Those who are thinking of thiruvallur, have to be a little caution. there are people who are selling agricultural land with a seal from the govt stating that it cannot be u sed for agri.....one fine day when the govt. wakes up..what will it do...is my big question...??

Thanx for the info provided.
can u suggest me from the following, which is the best area to buy a land and also the area sq.ft price?
Mogappair, Ambattur, Avadi, Kolathur, Villivakkam,Tiruvallur,Ponnamalle,sriperumbudur,ta mbaram, chengalpet

Originally Posted by Vijaylakshmi

Thanx for the info provided.
can u suggest me from the following, which is the best area to buy a land and also the area sq.ft price?
Mogappair, Ambattur, Avadi, Kolathur, Villivakkam,Tiruvallur,Ponnamalle,sriperumbudur,ta mbaram, chengalpet

I have an idea abt mogappair.... during aug 07 i enquired for a flat thru jains builder... they said it was 2300/sqft but now when i asked with the same persons... its 3300....
so u can imagine....

i would like to get more info abt this mogappair area... how far its developing... how abt kids schooling... hospitals.... etc....

friends pls do suggest...

Originally Posted by shvap_786

I have an idea abt mogappair.... during aug 07 i enquired for a flat thru jains builder... they said it was 2300/sqft but now when i asked with the same persons... its 3300....
so u can imagine....

i would like to get more info abt this mogappair area... how far its developing... how abt kids schooling... hospitals.... etc....

friends pls do suggest...

I would like to give information about Mogappair area.Its well developed. The roundana is a mini TNagar and they have a branch of DAV school and SBOA school. And also market is quite near. The bus facility is also well connected.Only problem I see is too much traffic.My in-laws stay in this area.
Thanks
Mangai