Chetpet
Avg. Rate
₹ 7,755/sq. ft
Locality Rating
7.2/10
Chetpet is a prominent locality situated in Chennai district within the city of Chennai, known for its established and well-connected character. The area accommodates a population of 44,724 residents and primarily functions as a residential hub. Real estate in the locality currently commands an average price of ₹14,900 per sqft, reflecting a substantial price growth of 254.8% since January 2011 when it was ₹4,200 per sqft. This significant historical price appreciation indicates strong capital appreciation and robust investment potential in the local real estate market. Homebuyers and investors looking for steady long-term value will particularly benefit from living or investing here due to its proven growth trajectory. Overall, Chetpet offers a promising market outlook supported by its consistent demographic and price performance.
Region
Chetpet
City
Chennai
District
Chennai
State
Tamil Nadu
Pincode
600031
Population
44,724
Schools
5
Nearest Airport
Chennai International Airport (MAA)
Neighbourhood Insights by
The Good
Cluster of CBSE, ICSE, and IB schools within the locality makes it a top choice for families with school-age children
National Highway adjacency benefits logistics and manufacturing-sector professionals; warehousing demand supports commercial rentals
Planned metro extension is already catalysing early-mover investor interest and pre-launch residential demand
Consistently ranks among Chennai's top-5 localities by capital appreciation and rental premium
The Bad
Highway or rail line adjacency contributes to early-morning and late-night noise disturbances
Waterlogging has caused road closures and property damage in past monsoons; buyers should verify individual plot/floor elevation
Current per-sqft rates leave limited near-term upside; return on investment is now a longer-horizon, 5-year play
Aurum Price Index for Chetpet
Normalized to 100 · Oct 2020 baseline
Timeline
Aurum Price Index is based on 10 parameters:
Property Listing Trends
(12%)
RERA Inventory & Sales Velocity
(13%)
IGR Transaction Data
(15%)
Rental Yield
(10%)
Pollution & Environment
(08%)
Infrastructure & Connectivity
(13%)
Social Infrastructure
(08%)
Crimes & Safety
(08%)
Political Stability
(06%)
Corruption & ease of doing business
(07%)
Rates and Trends
Timeline
Average Rate
₹ 7,755/sq. ft
Average Price Range
₹ 2,300 – 24,150
Trend (5Y)
▲ 68.4%
Nearby Neighborhoods
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Frequently Asked Questions
The information provided on this page is collated from publicly available resources. PropTech Pulse does not guarantee the accuracy, completeness, or authority of this data and shall not be held liable for any discrepancies. For queries or further assistance, please contact us at pulse@aurumproptech.in
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