Chennai, India
Property prices · 2026 · Asia · Price +4.7% vs 2025
Property price trend in Chennai (2024–2026)
Property comparison — cities in India (2026)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Chennai |
|---|---|---|---|---|
| Chennai | INR 105,925 | INR 69,130 | INR 31,220 | — |
| Mumbai | INR 197,950 | INR 101,650 | INR 37,450 | +86.9% |
| Delhi | INR 167,250 | INR 109,270 | INR 42,370 | +57.9% |
| Bangalore | INR 101,650 | INR 62,060 | INR 23,540 | -4% |
| Hyderabad | INR 100,350 | INR 64,670 | INR 31,220 | -5.3% |
| Pune | INR 94,775 | INR 61,325 | INR 27,875 | -10.5% |
| Kolkata | INR 78,050 | INR 50,175 | INR 22,300 | -26.3% |
| Ahmedabad | INR 61,325 | INR 40,140 | INR 17,840 | -42.1% |
Other Asia cities (2026)
Frequently asked questions
How much does property cost in Chennai in 2026?
In Chennai, the average price per sqm in the city centre is INR 105,925, and INR 69,130 outside the centre (2026 data). Prices have risen 11.5% since 2024.
How much is rent in Chennai in 2026?
A 1-bedroom apartment in Chennai rents for approximately INR 31,220 per month in 2026. A 3-bedroom apartment costs around INR 50,175/month.
Is it better to buy or rent in Chennai?
Buying and renting are roughly comparable in Chennai. The price-to-rent ratio is 18.0x — it would take approximately 18.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 8.50%.
What are mortgage rates in India in 2026?
The average mortgage rate in India is approximately 8.50% as of 2026. With a price-to-rent ratio of 18.0x, buyers should carefully weigh mortgage costs against rental savings.
How have property prices in Chennai changed?
Property prices in Chennai have changed +4.7% vs 2025. Since 2024, prices have increased by 11.5%. Use the year tabs above to compare prices across years.
What is the price per sqm in Chennai?
The average property price per square metre in Chennai city centre is INR 105,925 in 2026. Outside the centre, expect to pay around INR 69,130/sqm.