Flats Under 7 Crore for sale in South Chennai, Chennai
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About Properties In South Chennai, Chennai
Introduction to South Chennai
- South Chennai boasts a strong culture and is popular for its IT corridor and a modern lifestyle.
- South Chennai is located to the south of the Adyar River and the Cooum River.
- It acts as a major hub for technology, education, and modern residential developments, being adjacent to the Bay of Bengal and inland towards the southern suburbs.
- This zone provides good education, scenic coastal drives, and a highly preferred living standard.
- Property options in South Chennai include high-rise apartments, plots, villas, and builder floors for all budget types.
- This region of Chennai features beautiful resorts and beaches such as Edward Elliot’s Beach in Besant Nagar.
Real Estate Overview of South Chennai
- South Chennai’s real estate market has seen an increase in property values, with around 69.8% over the last five years.
- The area witnesses high demand due to proximity to IT hubs, strong social infrastructure, and continuous metro expansion.
- South Chennai witnesses constant property appreciation and strong rental yield, attracting end-users and long-term investors.
- Sholinganallur, Medavakkam, Perumbakkam, Tambaram, and Kilambakkam dominate the sales and property price growth in Chennai South.
- South Chennai’s real estate market has seen an increase in property values, with around 9.5% over the last year.
- The demand for premium and high-end luxury properties has increased by 28% in Chennai South.
- Chennai South is the most preferred location for 2 BHK and 3 BHK configurations.
- South Chennai is known for its rich heritage, ancient towering temples and historical cultural landmarks.
(Data Source: This analysis is based on internal proprietary data and comprehensive market research)
Top Residential Localities in South Chennai
- Sholinganallur, Navalur, Padur, and Egattur are popular bustling tech hubs offering large luxury gated societies.
- Some premium residential belts include Adyar, Besant Nagar, and Thiruvanmiyur. They have strong social infrastructure.
- Tambaram, Chromepet and Pallavaram, which are fast-developing hotspots with easy connectivity to the rail, road and airport network, are attracting first-time buyers.
- Good rental returns and appreciation in property prices can be expected in places like OMR Road, Sholinganallur, Velachery, Adyar, Medavakkam, Chromepet, and Pallavaram.
Best Localities in South Chennai for Property Investment
- Velachery, Sholinganallur, Medavakkam, Pallikaranai and Tambaram are good options to invest in owing to their proximity to the OMR IT corridor, GST Road and major employment hubs.
- Emerging areas such as Velachery, OMR, Medavakkam and Pallavaram are gaining traction due to their proximity to key commercial and IT hubs like Tidel Park, DLF IT SEZ and the airport-facing business belt.
- Perumbakkam, Guduvanchery, and Vandalur are close to the upcoming and expanding metro and road connectivity corridors linking key parts of South Chennai.
Top Affordable Localities in South Chennai for Rental Properties
- Tambaram, Medavakkam, and Chromepet are among the top affordable localities in South Chennai for Rental Properties.
- The rental prices across these affordable localities in Chennai South vary as follows:
| Localities | Rental Values (Per Month) |
| Tambaram | ₹15,000 - ₹27,100 |
| Medavakkam | ₹16,500 - ₹33,200 |
| Chromepet | ₹7,300 - ₹29,600 |
(Data Source: This analysis is based on internal proprietary data and comprehensive market research)
Property Price Trends in South Chennai
- South Chennai’s property market is showing a steady upward trend as it remains the strongest residential corridor.
- The under-construction properties in South Chennai account for a maximum 11% YOY price appreciation.
- The ready-to-move properties in South Chennai account for a maximum 11% YOY price appreciation.
- The average property price in South Chennai ranges from ₹3,700 to ₹10,000+ per sq. ft depending on the exact locality, property type, and proximity to major IT corridors.
- Property price trends for top locations in South Chennai are as follows:
| Localities | Current Price |
| Old Mahabalipuram Road (OMR) | ₹9400/ sq.ft |
| East Coast Road (ECR) | ₹7,300/ sq.ft |
| Velachery | ₹9,400 sq.ft |
(Data Source: This analysis is based on internal proprietary data and comprehensive market research)
South Chennai’s Property Price Comparison
- The following are the well-known localities in South Chennai and their prices:
| Localities | Prices |
| Adyar | ₹17,500/ sq.ft |
| Besant Nagar | ₹20,950/ sq.ft |
| Velachery | ₹9,500/ sq.ft |
| Thiruvanmiyur | ₹14,600/ sq.ft |
| Guindy | ₹15,900/ sq.ft |
| Sholinganallur | ₹7,600/ sq.ft |
| OMR | ₹7,400 sq.ft |
| Chromepet | ₹7,200/ sq.ft |
| Pallavaram | ₹7,600/ sq.ft |
| Medavakkam | ₹7,150/ sq.ft |
Connectivity Advantage of South Chennai
- Connectivity in South Chennai has undergone a major transformation, with massive transit expansions.
- The ongoing 118.9 km Chennai Metro Phase 2 and major arterial roads will improve public transport.
- The Phase 2 of the metro will consist of Corridor 3 stretching from Madhavaram to SIPCOT, passing through the OMR IT corridor and Corridor 5 stretching from Madhavaram to Sholinganallur.
- The GST Road (NH-45) is the main lifeline that connects central Chennai through Guindy and down to the southern suburbs.
- OMR and ECR are the main arteries for IT professionals to reach Taramani, Sholinganallur and SIPCOT.
- The Chennai Outer Ring Road and Pallavaram-Thoraipakkam Road help commuters bypass the central traffic.
- Chennai International Airport to Wimco Nagar Depot Blue Line Metro Service connects major transit hubs, commercial centres and localities.
- The important Guindy, Pallavaram and Tambaram stations are all linked by the Chennai Beach–Tambaram–Chengalpattu line.
- Chennai South is a transit system for domestic and international travel at Chennai International Airport.
- The Metropolitan Transport Corporation (MTC) provides good bus connectivity within the southern corridor.
Social Infrastructure in South Chennai
- South Chennai has a strong and fast-growing infrastructure led by IT hubs along the OMR and GST Road.
- The zone houses top healthcare, schools, retail hubs, and green spaces, making it a self-sufficient residential destination.
- Orchids The International School, Saviour Nursery and Primary School, St. John’s Public School, AKG Public School, Vels Global School, and San Academy CBSE School are top schools in the zone.
- Best Healthcare Facilities in South Chennai are V Cure Hospital, Chettinad Multispeciality Hospital, Nanthini Hospitals and Gem Hospital.
- Major shopping malls in South Chennai include Marina Mall, Phoenix Marketcity and Vivira Mall.
- The SIPCOT IT Park, ELCOT SEZ, TIDEL Park, Ascendas IT Park, Olympia Tech Park, and Pacifica Tech Park are some of the commercial landmarks in South Chennai.
- Kapaleeshwarar Temple, San Thome Basilica, Theosophical Society, and Marundeeswarar Temple are some historical cultural landmarks in South Chennai.
Upcoming Developments in South Chennai
- Metro expansion will boost the real estate value of South Chennai.
- The Red Metro Line may completely transform the North-South connectivity.
- The Purple Metro Line through Madhavaram-SIPCOT 2 will benefit the areas along the OMR.
- The extension of the Blue Metro Line will benefit the housing hubs along GST Road.
- Poonamallee-Alwarpet Metro Line stretching from Poonamallee Bypass to Lighthouse will further improve the connectivity.
- The OMR-ECR Link Road will enhance connectivity between these two major corridors.
- The elevated corridor of ECR between Thiruvanmiyur and Uthandi will make travel easy.
- To bypass ECR, a 15-km cable-stayed sea link between Chennai Lighthouse and Neelankarai is on the cards.
Future Growth Prospects in South Chennai Real Estate
- The real estate opportunities in South Chennai are marked by significant growth driven by infrastructure development and ongoing expansion in the IT sector.
- The Chennai Metro Rail Phase 2 expansion will bring central business hubs closer, increasing the property values of Sholinganallur and Perumbakkam.
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Frequently Asked Questions
What are the popular residential areas in South Chennai?
Some of the top residential areas in South Chennai include Navalur, Siruseri.
What types of properties are available in South Chennai?
South Chennai offers Apartment, Plot, Penthouse, Villa, Retail Shop, catering to various budget segments.
What is the average property price in South Chennai?
The average property price in South Chennai ranges from ₹4,300 to ₹22,470 per sq.ft., depending on the location and amenities.
What are the metro stations in and around South Chennai?
The metro stations in and around South Chennai include key stops such as Chennai, Gokulam Park Sabari, Hotel Parkway Inn, Padur, Atos Chennai, providing convenient connectivity to major areas.
Are there affordable housing options in South Chennai?
Yes, areas like Bhavani Amman Koil Street, Embassy Residency Road, Semmanjeri, Santro City Main Road, Pammal offer budget-friendly housing options in South Chennai.
What are nearby locations in South Chennai within 3KM?
South Chennai is home to a mix of vibrant residential neighborhoods.Residential areas near South Chennai
Are there luxurious housing options in South Chennai?
Areas like Astalakshmi, Rajiv Gandhi Salai, Near SRR Engineering College, Mahindra World City, Grand Southern Trunk Road with price range above ₹2.01 Cr are known for luxurious residences in South Chennai
Are there housing options in South Chennai ranging from INR 30L to 60L?
Yes, South Chennai offers flats starting at ₹30L to premium luxury residences going up to ₹60L. Buyers can explore these options in prime localities with modern amenities:
Are there housing options in South Chennai ranging from 60L to 1Cr?
Yes, South Chennai offers several housing options in the ₹60L to ₹1Cr range, providing well-designed apartments with modern amenities in prime residential areas.Top 5 properties are:
Are there luxurious housing options in South Chennai priced above ₹1 crore?
Yes, South Chennai offers several luxurious housing options priced above ₹1 crore, featuring premium amenities, spacious interiors, and prime locations.Top 5 properties are:
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