


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.

Alwarpet is a premium residential neighbourhood in central Chennai bordered by Mylapore, Teynampet, and Mandaveli. The pin code of Alwarpet is 600018. This upscale area houses corporate executives, business owners, and traditional families near the historic Crowne Plaza hotel site. Families here send children to Sishya School and visit Kauvery Hospital for medical emergencies. Teynampet Metro Station on the Blue Line is just 1.5 km away from the main junction. Travel via TTK Road reaches Mandaveli Railway Station in 8 minutes. The 2026 average property rate ranges from Rs. 16,000 to Rs. 23,000 per sq ft. This high rate is driven by strong rental demand for premium apartments. Many residents also enjoy walking to the nearby Semmozhi Poonga park for recreation.
| Locality | Property Price per sq ft* |
|---|---|
| Alwarpet chennai | Rs. 16,000 to Rs. 23,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 18,000 to Rs. 25,000 |
| 2 BHK for rent | Rs. 28,000 to Rs. 45,000 |
| 3 BHK for rent | Rs. 50,000 to Rs. 75,000 |
Alwarpet remains a highly sought-after residential destination in central Chennai. The locality has seen a substantial cumulative capital appreciation of 55.7% over the last few years. Buyer prices currently range from Rs. 16,000 to Rs. 23,000 per sq ft. This represents a strong 32.1% growth in the latest year. Conversely, the rental market experienced a temporary correction of -28.6% recently. Monthly rents now range from Rs. 20,000 to Rs. 70,000 depending on the property size. This price adjustment makes renting highly attractive for young professionals seeking premium housing in this central zone. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Kauvery Hospital is a prominent landmark in Alwarpet. Some more include:
Alwarpet is well-connected through TTK Road and the following roads:
Teynampet Metro Station on the Blue Line is the closest public transit option, located 1.5 km away. Some more include:
The nearest railway station and airport are Mandaveli Railway Station, which is located 2 km away, and others:
Alwarpet is well-equipped with numerous top educational institutions, such as Sishya School and Justice Basheer Ahmed Sayeed College for women, along with:
Some reputed healthcare places near Alwarpet include Kauvery Hospital, and others:
You can access Express Avenue Mall and Spencer Plaza easily from Alwarpet chennai. Some more include:
These localities are located around Alwarpet:
Here are some of the major employment centres near Alwarpet:
The popular landmarks within Alwarpet are:


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