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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.

Kovilambakkam is a rapidly growing residential suburb in south Chennai bordered by Madipakkam, Medavakkam, and Nanmangalam. The pin code of Kovilambakkam is 600129. This peaceful residential area mostly houses IT professionals and families due to its quiet environment near Nanmangalam Reserve Forest. Residents frequently send children to Maharishi Vidya Mandir Kovilambakkam and visit Kauvery Hospital for medical needs. The upcoming Kovilambakkam Metro Station on the Corridor 5 Red Line is located within the locality. Velachery Main Road links the area to Velachery Railway Station, which is a 15-minute drive away. Property rates average Rs. 6,200 to Rs. 8,500 per sq ft, dominated by mid-rise apartments driven by IT corridor access.
As of August 22, 2026, the property rate in Kovilambakkam ranges between Rs. 6,200 to Rs. 8,500 per square foot for apartments.
| Locality | Property Price per sq ft* |
|---|---|
| Kovilambakkam chennai | Rs. 6,200 to Rs. 8,500 |
As of August 22, 2026, the rental cost in Kovilambakkam is between Rs. 10,000 and Rs. 24,000 monthly for 1 to 3 BHK apartments.
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 10,000 to Rs. 13,000 |
| 2 BHK for rent | Rs. 14,000 to Rs. 18,000 |
| 3 BHK for rent | Rs. 19,000 to Rs. 24,000 |
Kovilambakkam has emerged as a highly sought-after residential hub in south Chennai. Property values have experienced steady appreciation, with sale prices growing by 4.3% over the past year to reach an average range of Rs. 6,200 to Rs. 8,500 per sq ft. Simultaneously, the rental market has seen strong demand, with monthly rents ranging from Rs. 11,000 to Rs. 22,000. This growth is primarily driven by the upcoming metro corridor and closeness to major IT parks along the Radial Road. Investors find the locality attractive due to consistent capital gains and high rental yields. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Nanmangalam Reserve Forest is a prominent landmark in Kovilambakkam. Some more include:
Kovilambakkam is well-connected through Velachery Main Road and the following roads:
Kovilambakkam Metro Station on the Corridor 5 Red Line is the closest public transit option, located 0.5 km away. Some more include:
The nearest railway station and airport are Velachery Railway Station, which is located 6.5 km away, and others:
Kovilambakkam is well-equipped with numerous top educational institutions, such as Velammal New Gen School - Medavakkam and Maharishi Vidya Mandir Kovilambakkam, along with:
Some reputed healthcare places near Kovilambakkam include Kauvery Hospital, and others:
You can access Phoenix Marketcity and Grand Square Mall easily from Kovilambakkam chennai. Some more include:
These localities are located around Kovilambakkam:
Here are some of the major employment centres near Kovilambakkam:
The popular landmarks within Kovilambakkam are:


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