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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.

Lakshmipuram is a quiet residential locality situated in the northern part of Chennai near Kolathur and Madhavaram. The pin code of Lakshmipuram is 600099. This peaceful middle-class neighbourhood is home to many retired government employees and features the popular Retteri Lake nearby. Local families send children to Godson Public School and visit Maaya Speciality Hospitals for medical care. The nearest transit point is the Koyambedu Metro Station on the Green Line located 11 km away. Residents travel via Jawaharlal Nehru Road to reach Perambur Railway Station in about 20 minutes. In 2026, average property rates range from Rs. 5,500 to Rs. 7,500 per sq ft for independent houses. This demand is driven by affordable housing options and peaceful surroundings.
| Locality | Property Price per sq ft* |
|---|---|
| Lakshmipuram chennai | Rs. 5,500 to Rs. 7,500 |
| 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 |
Property values in Lakshmipuram show steady growth due to rising demand for affordable housing in North Chennai. The average buyer price range in this locality is Rs. 5,500 to Rs. 7,500 per sq ft. Over the past year, the area experienced a capital appreciation of 7.7%. The rental market is also active with monthly rents ranging from Rs. 9,000 to Rs. 22,000. Rental values increased by 8.3% compared to the previous year. This growth is supported by the upcoming metro corridor near Madhavaram. Investors find this locality attractive for long-term gains. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Retteri Lake is a prominent landmark in Lakshmipuram. Some more include:
Lakshmipuram is well-connected through Jawaharlal Nehru Road and the following roads:
Koyambedu Metro Station on the Green Line is the closest public transit option, located 11 km away. Some more include:
The nearest railway station and airport are Perambur Railway Station, which is located 7 km away, and others:
Lakshmipuram is well-equipped with numerous top educational institutions, such as Godson Public School and Darwin Public School, along with:
Some reputed healthcare places near Lakshmipuram include Maaya Speciality Hospitals, and others:
You can access VR Chennai Mall and Spectrum Mall easily from Lakshmipuram chennai. Some more include:
These localities are located around Lakshmipuram:
Here are some of the major employment centres near Lakshmipuram:
The popular landmarks within Lakshmipuram are:


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Rajarathnam Construction Private Limited has been been one of the most premium real estate developer in India since its inception. It has firmly established itself as one of the leading and successful developers of real estate in India by imprinting its mark across all the classes. With years of market experience and a rich bag of clients, it has provided its customers a rich living experience with the best housing infrastructure.
