


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.

Jagannatha Puram is a quiet residential pocket in Velachery in southern Chennai, bordering Adambakkam and Guindy. The pin code of Jagannatha Puram is 600042. This peaceful area houses mostly retired professionals and families near the Velachery Lake. Residents frequently visit ORCHIDS The International School and BloomLife Hospital for their daily needs. Guindy Metro Station on the Blue Line is located 4 km away. Velachery Main Road links the area to Velachery Railway Station in just ten minutes. The 2026 average property rate ranges from Rs. 6,500 to Rs. 8,500 per sq ft. Independent builder floors dominate the market here. Retail employment in nearby malls drives this housing demand.
As of August 22, 2026, the property rate in Jagannatha Puram ranges between Rs. 6,500 to Rs. 8,500 per square foot for apartments.
| Locality | Property Price per sq ft* |
|---|---|
| Jagannatha Puram chennai | Rs. 6,500 to Rs. 8,500 |
*The property rate is subject to change.
As of August 22, 2026, the rental cost in Jagannatha Puram is between Rs. 9,000 and Rs. 22,000 monthly for 1 to 3 BHK apartments.
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 9,000 to Rs. 12,000 |
| 2 BHK for rent | Rs. 13,000 to Rs. 17,000 |
| 3 BHK for rent | Rs. 18,000 to Rs. 22,000 |
*The rental rate is subject to change.
Jagannatha Puram is positioned as a mid-segment residential locality in southern Chennai. The area has seen a property price depreciation of approximately 7.7% over the past year. Buyer prices currently range from Rs. 6,500 to Rs. 8,500 per sq ft. Conversely, the rental market has experienced a strong rebound with a 25.0% growth rate. Monthly rental rates for apartments now range between Rs. 9,000 and Rs. 22,000. This divergence highlights a shift towards rental demand over outright property purchases in this micro-market. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Velachery Lake is a prominent landmark in Jagannatha Puram. Some more include:
Jagannatha Puram 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 Velachery Railway Station, which is located 2 km away, and others:
Jagannatha Puram is well-equipped with numerous top educational institutions, such as ORCHIDS The International School - Velachery and Guru Nanak College, along with:
Some reputed healthcare places near Jagannatha Puram include BloomLife Hospital, and others:
You can access Phoenix Marketcity and Palladium easily from Jagannatha Puram chennai. Some more include:
These localities are located around Jagannatha Puram:
Here are some of the major employment centres near Jagannatha Puram:
The popular landmarks within Jagannatha Puram are:


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