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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.

Ramanujar Nagar is a quiet residential locality in Sriperumbudur, Chennai, bordering Pennalur and Pappankuzhi. The pin code of Ramanujar Nagar is 602105. It is a peaceful suburb popular among manufacturing professionals, located near the historic Adikesava Perumal Temple. Residents frequently access Vivekananda Vidyalaya Sriperumpudur and Jaya Hospital for their daily needs. The upcoming Sholinganallur Metro Station on Corridor 5 is located about 2 km away. National Highway 48 links the area to Tiruvallur Railway Station, reachable in 35 minutes. Average rates range from Rs. 4,000 to Rs. 6,000 per sq ft for plots. Industrial growth in the Sriperumbudur manufacturing belt drives local housing demand. Many automotive professionals choose this area for its calm environment.
| Locality | Property Price per sq ft* |
|---|---|
| Ramanujar Nagar chennai | Rs. 4,000 to Rs. 6,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 8,000 to Rs. 10,000 |
| 2 BHK for rent | Rs. 10,000 to Rs. 12,000 |
| 3 BHK for rent | Rs. 12,000 to Rs. 15,000 |
Ramanujar Nagar has experienced a shift in its real estate market dynamics recently. The buyer market saw a significant depreciation of 30% in property values over the past year. Currently, residential properties sell at an average rate of Rs. 4,000 to Rs. 6,000 per sq ft. Conversely, the rental market remains stable with a modest appreciation of 2.5% in 2026. Monthly rental rates for typical apartments range from Rs. 8,000 to Rs. 15,000. This divergence highlights a growing preference for rental housing over outright property purchases in this industrial suburb. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Adikesava Perumal Temple is a prominent landmark in Ramanujar Nagar. Some more include:
Ramanujar Nagar is well-connected through National Highway 48 and the following roads:
Sholinganallur Metro Station on the Corridor 5 is the closest public transit option, located 2 km away. Some more include:
The nearest railway station and airport are Tiruvallur Railway Station, which is located 18 km away, and others:
Ramanujar Nagar is well-equipped with numerous top educational institutions, such as Vivekananda Vidyalaya Sriperumpudur and Government Girls Higher Secondary School, along with:
Some reputed healthcare places near Ramanujar Nagar include Jaya Hospital, and others:
You can access Sriperumbudur Shopping Complex and local retail markets easily from Ramanujar Nagar chennai. Some more include:
These localities are located around Ramanujar Nagar:
Here are some of the major employment centres near Ramanujar Nagar:
The popular landmarks within Ramanujar Nagar are:


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Lancor Holdings Ltd, a Public Limited company listed on the Bombay Stock Exchange, has been creating landmarks in Chennai for over 30 years. Among its more well known projects include The Atrium, Westminster, Meridian Heights, The Central Park, Abode Valley, The Courtyard and Menon Eternity. They have constantly sought to establish new benchmarks in property development, by offering its customers world-class facilities and finishes. Its reputation has been built on the cornerstones of transparency and professionalism. A testimony to this fact is that Lancor Holdings Ltd was given "The Highest Transparency award” at the CNBC AWAAZ CRISIL - CREDAI, Real Estate Awards 2009 and “The Highest Customer Protection Award” at the CNBC AWAAZ CRISIL-CREDAI Real Estate Awards 2010.
