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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.

This central residential and commercial locality lies in the heart of Chennai, bordering Egmore, Vepery, and Sowcarpet. The pin code of Tamil Nadu is 600003. This historic area houses government employees and business traders near the landmark Chennai Central Railway Station. Families send children to Anita Methodist School and access healthcare at Rajiv Gandhi Government General Hospital. Egmore Metro on the Green Line is the nearest station, located just 1 km away. Poonamallee High Road links the area, keeping travel time to Chennai Central under 5 minutes. Average rates range from Rs. 8,500 to Rs. 12,000 per sq ft, driven by commercial demand.
| Locality | Property Price per sq ft* |
|---|---|
| Tamil Nadu chennai | Rs. 8,500 to Rs. 12,000 |
| Configuration | Average Rental Rate* |
|---|---|
| 1 BHK for rent | Rs. 6,000 to Rs. 8,000 |
| 2 BHK for rent | Rs. 9,000 to Rs. 12,000 |
| 3 BHK for rent | Rs. 13,000 to Rs. 18,000 |
Property values in this central Chennai pocket have seen a downward correction recently. Buyer rates dropped by 20% over the past year. Average acquisition costs now range from Rs. 8,500 to Rs. 12,000 per sq ft. Similarly, the rental market experienced a decline of 12.5% in the same period. Monthly rents now range between Rs. 6,000 and Rs. 18,000 depending on the configuration. This correction makes the locality highly attractive for budget-conscious buyers seeking central city access. The presence of major transit hubs continues to sustain baseline residential interest here. (* As of August 22, 2026)
Here are some of the important landmarks holding historical and cultural importance:
Ripon Building is a prominent landmark in Tamil Nadu. Some more include:
Tamil Nadu is well-connected through Poonamallee High Road and the following roads:
Egmore Metro on the Green Line is the closest public transit option, located 1 km away. Some more include:
The nearest railway station and airport are Chennai Central Railway Station, which is located 1.5 km away, and others:
Tamil Nadu is well-equipped with numerous top educational institutions, such as Anita Methodist School and Madras Medical College, along with:
Some reputed healthcare places near Tamil Nadu include Rajiv Gandhi Government General Hospital, and others:
You can access Prince Plaza and Patni Plaza easily from Tamil Nadu chennai. Some more include:
These localities are located around Tamil Nadu:
Here are some of the major employment centres near Tamil Nadu:
The popular landmarks within Tamil Nadu are:


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Vignesh Constructions 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.
