Is now a good time to buy a property in Chennai?
Official NHB RESIDEX data puts the average carpet-area price in Chennai at ₹10,586/sq ft for the quarter ending Jun 2026, up 10.8% from a year earlier. Over five years prices have compounded at +0.2% a year. Annual growth is running 9.1 points above the city's long-run pace of +1.8%.
Chennai price trend & forecast
Price by home size — Jun 2026
| Up to 646 sq ft (≤60 m²) | ₹9,725/sq ft |
| 646 – 1,184 sq ft | ₹10,196/sq ft |
| Above 1,184 sq ft (>110 m²) | ₹12,391/sq ft |
Localities in Chennai
Select any of these on the heat map. NHB RESIDEX publishes city-level prices only, so localities follow the official Chennai index.
Frequently asked questions
Is now a good time to buy a property in Chennai?
As of Jun 2026, our buy-timing signal for Chennai is ACCUMULATE — prices are near fair value with a modest expected change (+6.3% over 12 months). Buy opportunistically and negotiate on price. Buy-timing score: 49/100.
Will property prices in Chennai go down in 2027?
The model projects +6.3% over the next 12 months: about ₹11,255/sq ft by Jun 2027, with an 80% range of ₹10,686/sq ft–₹11,854/sq ft (today ₹10,586/sq ft). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the property price per sq ft in Chennai?
For the quarter ending Jun 2026, NHB RESIDEX reports ₹10,586/sq ft on average (carpet area): ₹9,725/sq ft for homes up to 646 sq ft, ₹10,196/sq ft for 646–1,184 sq ft and ₹12,391/sq ft above 1,184 sq ft.
What is the cheapest time of year to buy in Chennai?
Historically, prices in Chennai run lowest in April–June, about 0.3% below the annual average, and highest in Q4.
Does this cover localities like OMR (Sholinganallur), Velachery and Anna Nagar?
Yes — OMR (Sholinganallur), Velachery, Anna Nagar, Adyar, T Nagar, Porur, Tambaram and Perumbakkam can be selected on the interactive map. NHB RESIDEX publishes prices at city level only, so these localities use the official Chennai index; their own premium or discount to the city average is not reflected.
Other cities in Tamil Nadu
Source & method
Data: NHB RESIDEX — HPI@Assessment Prices & carpet-area prices (National Housing Bank), quarterly, latest Jun 2026. Page regenerated 2026-10-09 10:32 IST. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.