Perungudi

Price Levels

• Apartments: Rs 7,000 – Rs 9,500 per sq ft
• Independent houses / older stock: Rs 6,500 – Rs 8,500 per sq ft

Why Prices Are at This Level

• One of the earliest developed stretches of OMR
• Closer to core Chennai (Velachery, Guindy)
• Older housing stock dominates supply
• Limited availability of large, premium gated projects

Market Insight

• Prices are lower than Sholinganallur despite better city connectivity
• Capital appreciation is slower, but rentals are consistent
• Buyers often trade newer amenities for location advantage

Key Difference
Value is driven by connectivity, not new development

Sholinganallur

Price Levels

• Apartments: Rs 9,000 – Rs 12,500 per sq ft
• Premium gated projects: Rs 13,000+ per sq ft

Why Prices Are Higher

• Considered the central residential hub of OMR
• Dense concentration of IT offices + residential communities
• Well-established social infrastructure
• Scarcity of large land parcels

Market Insight

• One of the costliest micro-markets on OMR
• Prices reflect maturity and convenience, not future land upside
• Rental demand remains strong, supporting pricing stability

Key Difference
Paying a premium for maturity, lifestyle, and reduced risk

Navalur

Price Levels

• Apartments: Rs 7,200 – Rs 9,800 per sq ft
• Gated community projects: Rs 9,500 – Rs 10,500 per sq ft

Why Prices Are Moderate

• Located between Sholinganallur and Siruseri
• More available land compared to Sholinganallur
• Rapid residential development in the last 8–10 years

Market Insight

• Prices are lower than Sholinganallur but rising steadily
• Infrastructure and social amenities are still catching up
• Strong absorption due to balanced affordability and access

Key Difference
Growth-phase market with upward price movement

Siruseri

Price Levels

• Apartments: Rs 6,200 – Rs 8,800 per sq ft
• Plots: Rs 5,500 – Rs 8,000 per sq ft

Why Prices Are Lower (Yet Rising)

• Farther from core Chennai
• Larger land availability
• Development driven mainly by nearby IT employment hub

Market Insight

• Historically lowest entry point on OMR
• Plots outperform apartments in appreciation
• Infrastructure and lifestyle ecosystems are still evolving

Key Difference
Price driven by future potential rather than present convenience

PRICE COMPARISON 

Micro-Market

• Perungudi
• 7,000 – 9,500
• Sholinganallur
• 9,000 – 12,500
• Navalur
• 7,200 – 9,800
• Siruseri
• 6,200 – 8,800

One-Line Market Identity

• Perungudi: Rental-oriented, location-driven pricing
• Sholinganallur: Premium, convenience-led pricing
• Navalur: Balanced growth and affordability
• Siruseri: Entry-level pricing with long-term upside