6 Most Affordable Areas in Chennai

The capital of the South Indian state of Tamil Nadu, Chennai, formerly known as Madras, is the city with the most population and area in Tamil Nadu. According to population, Chennai is the sixth-largest city in India. The Greater Chennai Corporation, the second-oldest civic organization in the world after London (1688), is in charge of running the city. With all five means of transportation—highways, train, air, sea, and metro—it is one of the best linked cities in the world. Nearly 33 percent of India’s car industry, the country’s fourth-largest economic sector, is also based in Chennai. From Pallavam’s Stone Age tools through the Chola Empire in the first to the 12th centuries, Chennai has played a significant role in history. The Pallavas once more took control of the city, and by the 18th century, the British had established Fort St. George as the first centre of British colonization in India.

The city has a modern yet traditional feel to it, with strong influences from Western dominance. These many cultures have also had an effect on the art, dance, film, music, and architecture.  Due to its significant industrial and IT concentration as well as being the oldest and largest port on the Bay of Bengal, Chennai is now a diverse urban area with residents from all demographic groups from throughout the nation. The city is one of India’s 100 Smart Cities.

Finding a cheap place to live might be difficult in Chennai because it draws individuals from all over the country for jobs. Here, we present to you Chennai’s most cheap neighborhoods. 


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6 Most Inexpensive Areas Chennai

Here is a rundown of the most affordable places in Chennai for those who are relocating there or wanting to invest. Therefore, we can help you whether you want to rent or purchase a home in Chennai.

Medavakkam: A Growing South Chennai Town

In South Chennai, Medavakkam is a new residential neighborhood made up of builder floors, villas, and multi-story low rise flats. Due to its closeness to the major IT parks on the Old Mahabalipuram Road, the area is in great demand. St. John’s Public School, AKG Public School, and Asan Memorial College provide acceptable and expanding educational options in Medavakkam.

Global Health City, Anto Speciality Clinic, and Karthik Children’s Hospital all provide healthcare. The Crown Mall, Saravana Stores, and Kumaran Cinemas are places where one may go shopping and enjoy entertainment. Within the boundaries of the city is also the lovely Nanmangalam Reserve Forest.

With businesses like Wipro, HCL, TCS, Cognizant, and Tech Mahindra among others located just 5 km away in Sholinganallur, IT parks like the famed Elcot SEZ are easily accessible from Medavakkam. Within 15 kilometres, there are several more IT parks, including RMZ Millenia, SP Infocity, International Tech Park, and Olympia Tech Park. Among the 18 other notable developments are Indiabulls Greens, Ozone Greens, Whitefield Mudra, and Casagrand Riviera.

Connectivity

  • The Chennai Suburban rail system includes the 10-kilometer-long Tambaram Railway Station.
  • The 13 kilometres to Chennai International Airport.
  • Bus depot on Medavakkam Koot Road for broad public transportation.

Pros

  • It is a developing neighborhood in Chennai and is close to the OMR IT corridor.
  • Easily accessible via Perumbakkam Main Road, Velachery Main Road, and OMR

Cons

Keep in mind that some of the interior roads are congested, dirty, and have little space.

Average monthly rent

51 percent are low-rise flats, 21 percent are builder floors, and 18 percent are residential plots; the average rent in residential regions is between Rs. 9 and 15 per square foot. In this area, a business shop may be hired for between Rs. 28 and Rs. 30 per square foot.

Average cost per kind

As of April 2022, the average sale price for a multi-story apartment is Rs. 5,178 per sq. ft., while the average sale price for builder-floors is Rs. 5110 per sq. ft.

 

Type

Standard Area (sq.ft.)

Typical Sale Price

Average monthly rent

1BHK

560

24 lakhs

7,500

2BHK

880

42.5 lakhs

12,500

3BHK

1350

58 lakhs

16,000

 

Ambattur: Industrial Hub in Western Chennai

Ambattur is generally recognised as Chennai’s Western industrial and IT centre. It has connections to key locations like Anna Nagar, Padi, and Avadi. The region is 45 km2 in size. The majority of Ambattur’s residential projects are dispersed between residential plots, low- to mid-rise flats, and builder floors. The Sir Ramaswami Mudaliar Higher Secondary School, TI Matriculation Higher Secondary School, and Annai Violet Arts and Science College are only a few of the city’s top educational institutions. The Aramba Sugathara Nilayam Government Hospital, Dr. Rabindranath Healthcare Center, and Sir Ivan Stedeford Hospital all provide medical services. Rakki Cinemas, Murugan Cinemas, Reliance Digital, and Ajay Complex are some of the entertainment and retail establishments.

The lovely Ambattur Lake, Ayapakkam Park, Thangal Park, and Aparna Lake are also located in the Ambattur neighbourhood and are great for leisurely touring. There are various manufacturing and IT/ITeS units and offices in the SIDCO Industrial area and Ambattur Industrial Estate, which are significant business destinations in the neighbourhood. One Indiabulls Park, Kochar Tech Park, and Ambit IT Park are important business parks. Along with 17 other projects, the area’s major developments include Jains Adwitiya, Jains Naksatra, Ashwath Meadows, and Lake Dugar.

Connectivity

  • The Central Railway line divides the region, and the Chennai Suburban network is connected to the Ambattur Railway Station.
  • The neighborhood is well connected to other areas of Chennai by the Chennai Bypass Road, Chennai-Thiruvallur Road, and NH48 (Bengluru to Chennai), which is located 22 kilometers from Chennai International Airport.
  • Internal MTC buses provide links across the whole neighborhood.

Pros

  • The neighborhood is developed, with both independent homes and apartments.
  • There are several IT parks nearby in this industrial area.
  • Very good access to the Chennai Bypass Road, the Chennai Tiruvallur High Road, and the Ambattur Railway Station.

Cons

Due to sewage disposal, Ambattur’s ground water is tainted.

Average monthly rent

Rent for apartments in this industrial center ranges from Rs. 10 to Rs. 15 per square foot. In more than 12 development projects, there are 272 rental units and about 765 homes for sale.

Average cost per kind

Low to midrise flats, residential plots, and builder floors make up 36%, 30%, and 15%, respectively, of the residential space that is for sale; as of April 2022, their respective average sales prices are Rs. 5183 per square foot, Rs. 37,711 per square foot, and Rs. 5,096 per square foot.

Type

Standard Area (sq.ft.)

Typical Sale Price

Average monthly rent

1BHK

550

26 lakhs

6,500

2BHK

900

44.5 lakhs

11,000

3BHK

1450

63 lakhs

16,500

 

Porur: Popular Manufacturing Center

A large residential neighbourhood called Porur can be found in Chennai’s south-western region. Kattupakkam, Noombal Icon, and Krishna Industrial Estate are close by. The close vicinity to several IT parks, manufacturing centers, and chemical hubs are important demand drivers. With St. Joseph’s Matriculation School, Venper Academy, and Sri Ramachandra Institute of Higher Education and Research, Porur boasts strong educational amenities. The ACS Medical College, Sri Ramachandra Hospital, and Annai Hospital all provide medical services.

Residents of the neighborhood may shop and have fun at Nilgiris Mall, Elahi Supermarket, and the close-by Forum Vijaya and Chandra Metro Mall. The Porur Lake Shiva Temple and the city’s name-sake Lake are additional well-known attractions that draw tourists from all across Southern India. Within a 5 mile radius are the DLF and Ambit IT park. Significant industrial and manufacturing centres are also nearby. Among the 23 projects in Porur, some notable builders are Sidhart, Akshaya, Sristi Builders, and Urban Tree.

Connectivity

  • Extremely well-connected to Chennai’s key industrial and information technology clusters via roads and motorways. NH32, the Puducherry Highway, runs across the area.
  • Connecting Porur to Guindy and other areas of Central and Eastern Chennai, SH 55 and 113 all run through the city.
  • Outer Ring Road, Trunk Road, and the Chennai-Bangalore Expressway.
  • Just 10 miles separate you from Guindy Railway Station on the Chennai Suburban Line.
  • 12 kilometers via NH48 from Chennai International Airport.

Pros

  • It is a well-established residential area with mid- and high-rise flats.
  • Numerous IT parks and hubs are nearby.

Cons

The area is congested as a result of unlawful invasion.

Average monthly rent

Mid- to high-rise residential buildings typically cost between Rs. 11 and 18 per square foot. Apartments make up 52% of the rental units, residential houses make up 27%, and builder floors make up 8%.

Average cost per kind

The most typical layout is 2BHK (53 %). The average sales price per square foot for apartments is Rs. 6,154, for builder floors it is Rs. 5,101, and for residential homes it is Rs. 6,219.

Type

Standard Area (sq.ft.)

Typical Sale Price

Average monthly rent

1BHK

560

30 lakhs

9,000

2BHK

900

51.5 lakhs

17,500

3BHK

1500

76 lakhs

23,000

 

Velachery: Green South Chennai Living

A well-established residential neighborhood in South Chennai, Velachery is encircled by well-known localities like Guindy, Perungudi, Taramani, Madipakkam, and Nanganallur. It is a rather well-planned neighborhood with lots of schools (DAV Public School, The New Tulip International School), colleges, and other educational facilities (IIT Madras, National Institute of Fashion Technology and Guru Nanak College). Additionally, Prashanth Superspeciality Hospital, Velachery KS Hospital, and Neolife Children’s Hospital offer top-notch medical services in the area. Spencer’s Hyper Store, Big Bazaar, Phoenix Market city, D-Mart, and Grand Square Mall all provide shopping and entertainment options. There are several dining establishments, temples, churches, and other social infrastructure in Velachery. Green and pollution-free life may be found in Guindy National Park, Madras Race Club, Velachery Lake, and IIT Campus grounds.

Among the 10 high-rise buildings, notable developers are KGEYES Residency, Real Value Promoters, and The Phoenix Mills Ltd.

Connectivity

Through Velachery Main Road, GST Road, and OMR, the Central Business District and IT sector at OMR are well connected.

The Chennai Suburban Network’s Velachery and Perungudi Railway Stations service the area’s southern and eastern regions.

Metro Corridor 3 is being considered to improve connection.

11 kilometers from Trichy Highway to Chennai International Airport.

Pros

  • Families can live in a community that has been effectively developed.
  • It provides excellent social infrastructure, which fuels the demand for real estate.
  • Accessible routes include Velachery Main Road, GST Road, OMR, and Velachery Railway Station, making it simple to go to the Central Business District and OMR IT Corridor.

Cons

Residents recently voiced complaints about recent water shortages, traffic congestion, and wetland degradation.

Average monthly rent

The typical rent in Velachery is Rs. 13–20 per square foot. The most typical layout is a 2 BHK, and 51% of residences are rented. Mid- to high-rise apartments make up 43% of the rental space available, followed by residences for residents at 25% and flats on builder floors at 15%.

Average cost per kind

The most typical layout, which makes up 52% of residences for sale, is a 2 BHK. Apartments make up 55% of the properties for sale, followed by building floors (18%) and residential plots (13%). As of April 2022, the average sales prices per square foot for multi-story apartments, builder floors, and residential plots are, respectively, Rs. 7410, Rs. 6711, and Rs. 7666.

Type

Standard Area (sq.ft.)

Typical Sale Price

Average monthly rent

1BHK

540

35 lakhs

9,000

2BHK

950

53.5 lakhs

18,500

3BHK

1350

75 lakhs

26,000

 

Arcot Road: Rich Arterial Living

Arcot Road, a wealthy micro-market, runs for 12 kilometers from Nungambakkam to Porur before coming to a stop. Another name for it is N.S. Krishnan Salai SH113. The abundance of reasonably priced alternatives and the area’s good accessibility to the industrial and IT clusters in Ambattur, Guindy, and along the OMR are the main factors driving demand for residential projects in Arcot Road. The street is in the centre of Chennai.

The Narayana Babu Nursery and Primary School, Akshar Arbol International School, and the IIPHS College of Fire and Safety Management are some of the area’s top educational institutions. The close-by VHM Hospital, ANN Hospital, Vijaya Health Center, and Annai Multi Speciality Hospital all provide medical services. For shopping and amusement, locals may go to VMart, INOX National Virugambakkam, Forum Vijaya Mall, Reliance Smart, and Big Bazaar. Major religious sites like Masjid Al-Noor and Vadapalani Murugan Temple are also located on Arcot Road. The neighborhood is quite developed and well-equipped with the required social infrastructure.

Within a 10 km radius are prestigious tech parks including Commercezone, Olympia Tech Park, Tamarai Tech Park, Bascon Futura SV IT Park, and the Guindy and Ambattur Industrial Districts.

Connectivity

  • The main thoroughfare in Central to South-Western Chennai is Arcot Road, which connects to important thoroughfares like the OMR, Chennai Bypass, Chennai-Trichy Highway, and others.
  • Airport in Chennai is 12 kilometres away.
  • The Vadampani Metro station is nearby.
  • The closest railway line on the Chennai Suburban Network is Kodambakkam.

Pros

  • The area’s physical and social infrastructure is excellent.
  • Positioned close to tech parks

Cons

Traffic may be congested during business hours.

Average monthly rent

A residential property on Arcot Road typically rents for between Rs. 14 and Rs. 23 per square foot. Apartments make up 39% of rental properties, homes make up 26%, and the remaining area is commercial.

Average cost per kind

The most typical layout is 2BHK (49 %). Flats make up 52% of the properties that are for sale, followed by residential houses (16%) and builder-floor apartments (13%). As of April 2022, the average sales price for apartments, residential homes, and builder floors, respectively, is Rs. 8,465, Rs. 8,998, and Rs. 7,342.

Type

Standard Area (sq.ft.)

Typical Sale Price

Average monthly rent

1BHK

515

35 lakhs

11,000

2BHK

1100

70 lakhs

22,000

3BHK

1600

1.1 crores

27,000

 

Old Mahabalipuram Road is the beating heart of Chennai’s IT industry.

OMR, also known as State Highway 49A, is a significant IT cluster in Chennai’s North-Western region. It extends all the way to Puducherry and the Rajiv Gandhi Salai. Chettinad Sarvalokaa Education, The Hindustan International School, Gateway International School, Orchids International School, St. Joseph’s College of Engineering, and Sathyabama University campus are just a few of the top-rated educational institutions in Chennai that are close to OMR. There are prestigious hospitals nearby, including Apollo Speciality, Apollo Proton, Chettinad Health City, and Supreme Speciality Hospital. On the weekends, locals go to popular shopping and entertainment destinations including Marina Mall, BSR & BMR Mall, and MGM Dizzee World.

Numerous IT parks, including the TIDEL Park, Pacifica Tech Park, SIPCOT IT Park, and ASV Suntech Park, are located in OMR. These parks are home to some of the biggest IT businesses in India, including Tech Mahindra, Wipro, Infosys, HCL, Accenture, TCS, Paypal, Flipkart, Synergy, Cognizant, and Emami. Among the more than 250 mid- to high-rise developments in the neighbourhood, notable developers include Mahindra Lifespaces, Godrej Properties Ltd., DLF Group, Casagrand, Urban Tree, and AWHO. OMR is close to MGR Film City as well. Top hotels including Novotel, Holiday Inn, Four Points by Sheraton, and Days by Wyndham are also located there.

Connectivity

Highways, SH113, NH48 (Chennai-Bangalore), and Puducherry Coromandal Expressway are all very well linked.

Chennai Metro Rail Phase 2 would reduce congestion.

Blue line Metro Station at Chennai International Airport is 29 kilometers distant.

Railways serving Thiruvanmiyur and Indira Nagar on the suburban network of Chennai.

Pros

  • Several TIDEL Park, Pacifica Tech Park, and other tech parks in Chennai are nearby and are well linked.
  • The highway runs parallel to East Coast Road, which links Chennai and Pondicherry.

Cons

In this area, traffic congestion is a problem.

Average monthly rent

The typical rent for residential premises is Rs. 11–18 per square foot, whereas the typical rent for office space is Rs. 37–64 per square foot. Apartments make up 61% of rental properties, followed by dwellings for residents at 13% and commercial office space at 9%.

Typical Sales Price

The most typical layout, which makes up 42% of residences for sale, is a 3 BHK. Apartments make up 58% of the residential space for sale, followed by residential plots (25%), and villas (7%). As of April 2022, the average sales price per square foot for apartments, residential plots, and villas is 5211 rupees; 7769 rupees; and 5,371 rupees, respectively.

Type

Standard Area (sq.ft.)

Typical Sale Price

Average monthly rent

1BHK

650

37.5 lakhs

12,000

2BHK

1000

70 lakhs

16,000

3BHK

1800

1.2 crores

21,500

Conclusion

One of the most developed and inhabited cities on the Coromandel Coast in Southern India, Chennai is a significant metropolitan urban center for India. Due to the significant entry of the IT and ITeS industries, it has begun to grow over the past two decades and is now home to close to one-third of India’s car industry. As a result of this growth, several new areas have been urbanized and developed, with particular attention being paid to the creation of vital pieces of infrastructure including the Old Mahabalipuram Road, the Chennai-Bangalore Expressway, the Puducherry Highway, and the Chennai Metro Rail.

Being one of only three Indian cities with access to all five means of transportation, it has drawn both locals and immigrants in search of work at businesses like Hyundai, TVS, Benz, Volkswagen Group, KIA, Renault, Wipro, Accenture, Infosys, HCL, TCS, Cognizant, and many others. People are constantly looking for affordable areas in Chennai with excellent infrastructure, lots of social infrastructure, like Apollo Hospitals, IIT Madras, and Chennai University, as well as shopping and entertainment opportunities with temples, churches, and mosques. Examples include Medavakkam, Ambattur, Porur, Velachery, Arcot Road, and Old Mahabalipuram Road.

The National Government’s Smart Metropolis Mission includes Chennai as one of the 100 smart cities that will be constructed. This coastal city has a diverse Diaspora due to the centuries of colonial and dynastic control that have formed Chennai.

 

 

 

 


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