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What is Market Value of Land in Madipakkam in Chennai?

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0 2024-04-04T10:54:16+00:00
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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 in Madipakkam, Chennai, land costs range from Rs 5850 to Rs 8600 per square foot.

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.
(Super Built-up Area) Change in Land Rates Rental Yield
Rs6,250 /- Avg. rate / sq.ft 42% in Last 5 Years 4%
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?

Locality in Madipakkam Price Price Per Sq. Ft. Plot Area
Srinivasa Nagar MGP Ramnagar Rs 2.04 Crores Rs 8,500 per sq. ft. 2,400 sq. ft.
Behind Mark's School Rs 80 Lacs Rs 3,326 per sq. ft. 2,405 sq. ft.
Near Shiva Vishnu Temple In Puzhuthivakkam Rs 2.25 Crores Rs 9,375 per sq. ft. 2,400 sq. ft.
12th street In Kuberan Nagar Rs 65 Lacs Rs 5,416 per sq. ft. 1,200 sq. ft.
Ambookan Nagar, near Kesavan Foundation Rs 1.2 Crores Rs 5,454 per sq. ft. 2,200 sq. ft.
Sadasivam Nagar Rs 95 Lacs Rs 9,223 per sq. ft. 1,030 sq. ft.
Bazaar Main Rd near Saraswathy Multispeciality Hospital Rs 1.1 Crores Rs 8,461 per sq. ft. 1,300 sq. ft.
Behind Mark's School In Madipakkam Rs 1.44 Crores Rs 1,600 per sq. ft. 9,000 sq. ft.
You should carefully check the Madipakkam land rate before you plan on investing in a plot. I hope my answer helps you with that. Buy Plots in Madipakkam, Chennai Without Any Brokerage, Here via NoBroker. Read More: What is the per square feet rate of flats in Thiruvanmiyur, Chennai?

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