What is Market Value of Land in Madipakkam in Chennai?

A month ago, my father planned to purchase land in Madipakkam, Chennai. So, he asked me to check the Madipakkam guideline value to know the circle rate before purchase. I also didn’t know about it, so I asked my friend, a real estate advisor. He said the guideline value for Madipakkam Main Road from 1/7/2024 is Rs. 5500 per sq ft. I have shared more information, he informed me below.

What is the Madipakkam Land Guideline Value?

The cost for Madipakkam-1 village is Rs. 5500 per square foot. On the other hand, the average cost of land in Madipakkam, Chennai, varies between Rs 6,500 and Rs 10,000 per square foot. My friend further added the following aspects can affect the exact cost.

• Land size, 

• The exact land location in Madipakkam, and 

• Whether the land is in a gated community or a corner plot.

I am looking for these factors while checking out the

lands in Madipakkam via NoBroker

Just in case you are unaware of the guideline value, allow me to explain. The minimum price per unit area that the government considers for property registration purposes is called the guideline value. You can also call it the circular rate or the ready reckoner rate. Please give a heads up if you found this information helpful to you.

I am a real estate businessman and a resident of Chennai. I usually explore the market values of properties in different places. I’ve recently been exploring the property market in Madipakkam, Chennai, so if you are curious about the Madipakkam Land Market Value, I can share my insights. I have researched this for my customers and learned about it.

How Much is the Land Market Value in Madipakkam Tamil Nadu?

Let me share what I found, as it might help you if you're considering buying land there:

• The current market value for land in Madipakkam varies quite a bit, with prices ranging from around Rs.5,700 to Rs.9,450 per square foot. This fluctuation depends on factors like location, amenities, and the type of property you're looking at.

• I discovered that the average land price stands at about Rs.7,800 per square foot, which gives a decent overview of what to expect.

• I also found that the land rates have appreciated significantly over time. In the last year alone, land prices have increased by about 15.8%. 

Madipakkam is quite popular, with several plots available for sale, making it a vibrant locality for potential buyers. If you're considering an investment, you might want to keep an eye on the market trends here because it looks promising. 

I hope this helps you know about the land market value in Madipakkam Tamil Nadu.

Read More:

When I first moved to Chennai, I used to live in the Madipakkam area. I moved to another locality last year but I wanted to buy some land in Madipakkam. I did my research about Madipakkam land rate and got to know that

What is the Market Value of Land in Madipakkam?

Madipakkam is one of the city's most popular neighbourhoods. In Madipakkam, Chennai, flats cost between Rs 5200 and Rs 7500 per square foot (sq ft) and builder floor costs range from Rs 5650 to Rs 7900 per square foot. The average cost of an apartment in Madipakkam, Chennai is approximately Rs 6600 per square foot.

I got to know that in Madipakkam, Chennai, land prices have changed by 10.6% over the past year, 34.4% during the past three, 42.0% during the past five, and 42.0% during the past ten years.

What is Madipakkam

Land Square Feet Rate?

You should carefully check the Madipakkam land rate before you plan on investing in a plot. I hope my answer helps you with that.