Perumbakkam, located along the OMR–Medavakkam belt, has emerged as a fast-growing residential hub in South Chennai. Its proximity to IT corridors and relatively affordable prices make it attractive for both end-users and investors. Here is a detailed breakdown of the total cost and market factors.

1) Current Property Price Trends

Average price: Rs 5,500 – Rs 7,000 per sq.ft
Category-wise pricing

• Budget apartments: Rs 4,500 – Rs 5,500 per sq.ft
• Mid-range projects: Rs 5,500 – Rs 7,000 per sq.ft
• Premium / reputed builders: Rs 7,000 – Rs 9,000+ per sq.ft

Prices have steadily increased due to growing demand from IT professionals working in Sholinganallur, Siruseri, and OMR.

2) Apartment Cost by Configuration

1 BHK

• Size: 500 – 650 sq.ft
• Price: Rs 25 – Rs 40 Lakhs

2 BHK (Most Popular)

• Size: 850 – 1,100 sq.ft
• Price: Rs 45 – Rs 75 Lakhs

3 BHK

• Size: 1,200 – 1,600 sq.ft
• Price: Rs 70 Lakhs – Rs 1.2 Crore

Large gated community projects with amenities may cost slightly higher.

Visit: Residential Property For Sale in Perumbakkam

3) Additional Costs (Beyond Flat Price)

Government Charges (Tamil Nadu)

• Stamp Duty: 7%
• Registration Fee: 1%
• Total: ~8% of property value

Example:
For a Rs60 lakh flat → Registration cost ≈ Rs 4.8 lakhs

GST (If Under Construction)

• 5% GST (no input tax credit)
• Not applicable for ready-to-move properties with a Completion Certificate.

Builder Charges

• Car Parking: Rs 2 –  Rs 5 Lakhs
• Maintenance Advance: Rs 50,000 – Rs 2 Lakhs
• Corpus Fund: Rs 20,000 – Rs 1 Lakh
• Floor rise / Premium facing: Rs 50,000 – Rs 2 Lakhs (varies)

Legal & Miscellaneous

• Legal verification: Rs 10,000 – Rs 30,000
• Home loan processing: 0.25% – 1% of the loan amount
• Interior setup: Rs – Rs 8 Lakhs (basic to mid-level)

4) Total Cost Example (2 BHK)

Base price: Rs 60 Lakhs

• Registration (8%): Rs4.8 Lakhs
• GST (if applicable): Rs 3 Lakhs
• Parking & other charges: Rs 2 Lakhs
• Interior (basic): Rs 4 Lakhs

Total investment: ~ Rs 70 – Rs 74 Lakhs

5) Rental & Investment Potential

• 2 BHK rent: Rs 15,000 – Rs 25,000/month
• 3 BHK rent: Rs 22,000 – Rs 35,000/month
• Rental demand driven by IT employees from nearby tech parks.

Price appreciation: Moderate but steady due to ongoing infrastructure and population growth.

6) Location Advantages Driving Demand

• Close to OMR IT corridor
• Easy access to Sholinganallur, Medavakkam, and Siruseri
• Presence of schools, hospitals, and supermarkets
• Developing road infrastructure and civic facilities
• More affordable than Velachery, Thoraipakkam, and Sholinganallur

7) Who Should Buy in Perumbakkam?

• First-time homebuyers looking for affordability
• IT professionals working along the OMR
• Investors looking for rental income
• Families seeking gated community living at mid-range prices

Market Outlook (2026)

Perumbakkam is expected to see steady price growth of 5–8% annually, supported by infrastructure development and strong housing demand.

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