Current Sq Ft rates at chennai

Originally Posted by av0608

Hi Shanthi,

How are you? About the duplex house i was asking you in rajakilpakkam, we saw the photos sent by my FIL. the gap between 2 houses is really very small and i dont know how the rental thing will work out in those area. so still confused. meanwhile i was thinking that we can buy a plot now and once we r2i for good then we can sell the plot and then pool some money by getting loan and buy a apartment or duplex. need your opinion on this. i saw this property(plot) in magicbricks, NRI center city in mannur sriperumbudur and they are quoting it for 13,80,000. what is your feedback on this project. pl let me know.

thanks
lakshmi

LAkshmi,

The rental in rajakilpakkam is ok. you can't expect like in the primes. but you can easily get 8-10k for a 3bhk duplex.

I was told that nri center city had goofed at blore.so i have never followed them in chennai. so am not in a position to comment. and is it a second sale??

Originally Posted by mynote

Hi
This forum has lots of information. Thanks for sharing.
We are planning to buy in Medavakkam/Perumbakkam area. I am not familiar with the area. Couple of places mentioned is called Radha nagar, Krishna nagar. If anyone is familiar with the place please let me know your thoughts, prevailing ground rate, flat rate, rental rate. Any information on the area is very helpful. Is this area more expensive than other areas in Medavakkam? I have seen a range of prices for Medavakkam, and trying to figure out what the reason is and choose the right location. Any info will be helpful. Thanks Geetha

Right now medavakkam is buzzing with lot of projects. perumbakkam is fine as long at it is not very close to the lake.

The price range always depends on the guideline value (sometime one particular area could be 4 times more than the others ) in that case the cost of the project also increases.

The other reason could be the proximity to omr,sholinghur.

just check out medavakkam on wikimapia. you will understand that it a area with access into velachery and tambaram by the 200ft road, and also sholinghur and also madipakkam

BTW what is the range you are seeing ??

Originally Posted by Meenu Raju

Hi Shanthi,

Thanks for the information.
Will post on the further developments.

Thanks
Meenu

You are welcome meenu.

shanthi, i saw this NRI city in some ad. so just wanted to know more on this. shanthi, could you tell me how many sqft is one ground and how many sqft is one acre. i googled for sqft in one ground and i got many diff answer. some say 1200 sqft is one ground and some say 2400 is one ground.is one acre and one ground same. pl clarify.

Lakshmi,

I remember giving the details in one of the posts.

will repeat the same here

1 ground is 2400 sq.ft
1 acre is 43560 sq.ft approximately 18.15 grounds.
1/2 ground is 1200 sq.ft

In cents

1 cent is 435 .6 cents.

5.5 cents make a ground.

hope this is useful.

thanks a lot shanthi.

Lakshmi,

you are welcome. regarding buying a plot you cannot check some of the developers who are doing maintenance and all. ask your person in chennai to check

but one word of caution. today one of my friends came home. we were discussing things in general. heard his sister was given an offer for 3 grounds at 14 lacs in sriperumbudur. then they had gone and seen the location everything, and were so happy that it was coming so cheap. then they just called somebody. he asked for area and the survey numbers. he said that the area comes under acquisition...and that is why the person was offloading it at that price. since it will definitely be more than the guideline value.

so i just thought about you. do invest with caution. and also find out developers in the same area. if you can get the survey numbers check out the guideline value and then find out if the rate is justified.

Hi Shanthi,
The prices that I have seen for 1 Ground is ranging from 36L till 81L. 81 lakhs is for a ground near the Perumbakkam Main road. 36 lakhs somewhere in Babu nagar. Radha Nagar/Krishna Nagar --- 55 - 70L... Lot of variation. These are ads on the internet. Not sure on the dates. Are the pricing going down or going up in this area? I checked in wikimapia... Radha/Krishna nagar are 200 mts from Sholinganallur main road (not near the lake). Any info on this area will be helpful.

Thanks
Geetha

hi shanthi,

sorry for the late reply and thanks a ton. it is very sweet of you to remember and reply me promptly. thanks again. we are still hunting......

lakshmi

Hi, I was indeed looking at Priyadarshini Shelters. THe houses were pretty close by. The plan in the website was also too smal to know measurements.

Between - does anyone here have any idea about LCS City Makers and their project in Rajakilpakkam.