Current Sq Ft rates at chennai

Originally Posted by shobanaj

hi IL,

I heard through one of the brokers that there is an apartmetn for sale in Thirumullaivaayal. Apartment details:

7 years old.
900 SQFT
Ground floor.
Totally there are 36 houses.
cost is 15 lakhs
Currently the rent incurred from the apartment is 3500 Rs.

What do you think about this deal ladies? My husband says, it s very far and not worth it. But the broker (relative) saying it will get doubled in a year.

Suggestions please.

Shobana

Shobana,

Thirumullaivoyal and all is a growing area. land value appreciates faster than flats. for a 7 year old flat, find out what is your UDS, the actual area, and what is the cost of a new flat.

only then you can decide whether it is less or more.

moreover the value of a flat will depreciate and not appreciate much.

this is my opinion. regarding the distance, today in chennai there is nothing called far off. with the ites and the it parks coming up in ambattur, thirumullaivoyal looks attractive.

Originally Posted by Mridhu

Hi Shanthi,

I am re-thinking about Priyadarshini Shelters.

Could you throw some light on rental rates for a duplex houses in a small gated ommunicty without common features in rajakilpakkam/medavakkam areas.

Thanks,
Suganthi

Suganthi,

I think priyadarshini, and lcs both have gated community of duplex house without common amenities.

to me priyadhashini lookd better because of it being near to boaz school, alpha matriculation and also shopping and hospital..(If you are following my posts here, i had been in the area recently....)

The rents will be anywhere between 8k-15k depending on the area, and the persons.with the increase in interests, rental incomes should be good only.

all the best.

Originally Posted by sangeethraj

Hi Shanthi,
I am thinking to buy a duplex house or plot in south chennai. Can u give me the details(ie how is the area, transport facility, rate/sqft and also if u know any builder or land owner who is selling the land or house) about this area.
Moreover do u have any idea about orchid construction.

Thanks in Advance.

WIth Regards,
R.Sangeetha

Sangeetha,

Go back a few pages, we have discussed priyadharshini and lcs both into duplex for mridhu.

I am not into RE. But because of a fascination and interest I just put in my observations dear.

even mettupakkam foundations have some row houses i think. there are lot of small players doing duplex houses in south chennai. do check the property plus on saturday...there are lot of projects. check them and do query them here..if i have heard about them will definitely help you out.

right now land rates are soaring though papers talk about re cooling. re cooling is only for the flats and high end apartments.

I have not personally heard about orchid constructions. but was looking at the plan for orchid garden (Assuming you are looking at it..) it is a row house which means both share a common wall in between...and also what is the rate he is quoting...a lot depends on the rate and the materials he uses.

Hi Shanthi,
Regarding orchid construction they charge 2750 per square feet. But the square feet is 800 only. So i am not interested in it.
If u know any other builders and land please let me know.

Originally Posted by Shanvy

Shobana,

Thirumullaivoyal and all is a growing area. land value appreciates faster than flats. for a 7 year old flat, find out what is your UDS, the actual area, and what is the cost of a new flat.

only then you can decide whether it is less or more.

moreover the value of a flat will depreciate and not appreciate much.

this is my opinion. regarding the distance, today in chennai there is nothing called far off. with the ites and the it parks coming up in ambattur, thirumullaivoyal looks attractive.

Shanvy,

Thanks for your reply. I was wondering why no body was replying to me.

Your suggestions make sense to me. I will enquire the other details and keep you posted.

thanks
Shobana.

Originally Posted by sangeethraj

Hi Shanthi,
Regarding orchid construction they charge 2750 per square feet. But the square feet is 800 only. So i am not interested in it.
If u know any other builders and land please let me know.

2750/sq.ft at that place looks too highly priced. you can try purvankara windmeire for around 3000rs i suppose. but the point is you will not have choices right now.

go back and check most of the listings of builders are discussed here itself.

if you are interested in the 3000-3500 range you will get flat/duplex in and around the madipakkam, nanmangalam, medavakkam, sembakkam area itself. then this is possible if you are not particular about the area.

i have seen you asking for tambaram area frequently. if this is your first investment, be more open, think about all the options, the schools, the hospitals everything, if you have kids and elders at home.

Check out the property plus of today, there are some row houses, semi independent houses advertised in the same range.

Originally Posted by shobanaj

Shanvy,

Thanks for your reply. I was wondering why no body was replying to me.

Your suggestions make sense to me. I will enquire the other details and keep you posted.

thanks
Shobana.

Shobhana,

I am a little tied up at home front, will answer your other question in another thread a little leisurely.

nothing personal dear.

Originally Posted by Shanvy

2750/sq.ft at that place looks too highly priced. you can try purvankara windmeire for around 3000rs i suppose. but the point is you will not have choices right now.

go back and check most of the listings of builders are discussed here itself.

if you are interested in the 3000-3500 range you will get flat/duplex in and around the madipakkam, nanmangalam, medavakkam, sembakkam area itself. then this is possible if you are not particular about the area.

i have seen you asking for tambaram area frequently. if this is your first investment, be more open, think about all the options, the schools, the hospitals everything, if you have kids and elders at home.

Check out the property plus of today, there are some row houses, semi independent houses advertised in the same range.

Hi Shanthi,

Thanks for your valuable information. This informations are very useful for me.

sangeetha,

you are welcome, do come back with your options, selections, builders, we can discuss them thoroughly..all the best

Hi Shanthi madam,
I'm amazed by your response in this thread.
I'm planning to invest on a residential land in Chennai.
I looked into Chengalpattu area and right now they say the cost is 650rs/square feet.And there are plots in Tambaram I'm not sure about the exact location but heard its closer to KishKintha and cost about 750rs/square feet.I'm not sure which area to look for .Please provide your feedback.
Thanks
Mangai