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The Real Estate (Regulation and Development) Act, 2016 is Act of the Parliament of India which seeks to protect buyers as well as help boost investments in the real estate industry. The Act came into force from 1 May 2016.

Balaji Nagar is a quiet residential locality situated in the southern part of Chennai near Madipakkam and Velachery. The pin code of Balaji Nagar is 600091. This neighborhood features a peaceful residential character inhabited mostly by families and working professionals. Vishwakarma Institute of Technology and Bharati Hospital are key landmarks that residents access frequently. Students attend Priyadarshani Shikshan Sansthas Marathi Secondary School while patients visit Bhagali Clinic And Nursing Home. Guindy Metro Station on the Blue Line is the nearest transit option located 4 km away. Key roads link the area to Chennai Central Railway Station within a 45-minute drive. Property rates in 2026 average Rs. 5,000 to Rs. 8,500 per sq ft for independent houses and apartments.
| Locality | Property Price per sq ft* |
|---|---|
| Balaji Nagar chennai | Rs. 5,000 to Rs. 8,500 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 9,000 to Rs. 11,000 |
| 2 BHK for rent | Rs. 12,000 to Rs. 14,000 |
| 3 BHK for rent | Rs. 15,000 to Rs. 18,000 |
Balaji Nagar in Chennai is a mid-segment residential market attracting middle-income buyers and tenants. The locality has seen a recent correction in property values. Sale prices experienced a depreciation of 20.3% over the past year. Currently, buyers can find residential apartments priced between Rs. 5,000 and Rs. 8,500 per sq ft. Conversely, the rental market remains highly active. Rental rates showed a strong appreciation of 15.0%. Monthly rents for typical apartments range from Rs. 9,000 to Rs. 18,000. This divergence highlights a growing preference for rental housing over outright property purchases. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Adambakkam Lake is a prominent landmark in Balaji Nagar. Some more include:
Balaji Nagar is well-connected through Velachery Main Road and the following roads:
Guindy Metro Station on the Blue Line is the closest public transit option, located 4 km away. Some more include:
The nearest railway station and airport are St. Thomas Mount Railway Station, which is located 3.5 km away, and others:
Balaji Nagar is well-equipped with numerous top educational institutions, such as Priyadarshani Shikshan Sansthas Marathi Secondary School and Vishwakarma Institute of Technology (VIT), along with:
Some reputed healthcare places near Balaji Nagar include Bharati Hospital, and others:
You can access Phoenix Marketcity and Grand Square Mall easily from Balaji Nagar chennai. Some more include:
These localities are located around Balaji Nagar:
Here are some of the major employment centres near Balaji Nagar:
The popular landmarks within Balaji Nagar are:


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