Chennai real-estate: prices, localities, and what to know before you buy
Chennai’s real estate splits cleanly between the IT corridor (OMR, GST Road, Pallikaranai) and old-money neighbourhoods (Adyar, T. Nagar, Anna Nagar). Most affordable Tier-1 metro per ₹/sqft, with steady if unspectacular 3-5% YoY growth. 2026 upside: Metro Phase 2 expansion opens Poonamallee-Airport corridor.
Where prices are moving in Chennai
Below is a snapshot of 8 active micro-markets, sorted by popularity. Links open locality deep-dives where we’ve already published.
| Micro-market | Avg ₹/sqft | YoY |
|---|---|---|
| OMR (Old Mahabalipuram Road) | ₹7,800 | +4.2% |
| GST Road | ₹6,900 | +3.8% |
| Pallikaranai | ₹9,400 | +3.4% |
| Adyar | ₹24,600 | +1.8% |
| T. Nagar | ₹28,400 | +1.2% |
| Anna Nagar | ₹18,200 | +2.4% |
| Porur | ₹8,200 | +4.6% |
| Sholinganallur | ₹7,100 | +4.8% |
Metro & connectivity
Metro Phase 1 operational (Blue + Green lines). Phase 2 under construction — includes Poonamallee-Airport corridor (2027) and Chennai Central-Sholinganallur extension (2028). Outer Ring Road (ORR) connects IT corridor to airport in 45 minutes.
How we rate Chennai projects
Every project is scored on six axes: RERA compliance, builder track record, location quality, ticket-size value, buyer sentiment, construction progress. See scoring methodology and the comparator to run projects head-to-head.