Palavakkam
Avg. Rate
₹ 5,655/sq. ft
Locality Rating
7.2/10
Palavakkam is a residential locality situated in Chennai district within the city of Chennai. The area has a population of 28,520 residents and functions primarily as a residential zone. The current property price in the locality stands at ₹10,850 per sqft, reflecting a substantial price growth of 255.7% since January 2011 when it was ₹3,050 per sqft. This remarkable price growth indicates strong investment potential for prospective buyers in the property market. Homebuyers and real estate investors looking for long-term appreciation would greatly benefit from living or investing here.
Region
Palavakkam
City
Chennai
District
Chennai
State
Tamil Nadu
Pincode
600041
Population
28,520
Schools
5
Nearest Airport
Chennai International Airport (MAA)
Neighbourhood Insights by
The Good
Chennai Suburban Railway or MRTS station within the locality provides one of India's most affordable and frequent commuter rail services
ECR frontage offers scenic sea views, coastal breezes, and premium villa and resort-style developments unavailable inland
Cluster of CBSE, ICSE, and IB schools within the locality makes it a top choice for families with school-age children
Thriving local market and commercial street provide daily essentials within walking distance, reducing vehicle dependency
South Chennai's OMR–Velachery–Perungudi triangle is the city's primary IT employment hub, driving sustained end-user demand
The Bad
Coastal saline groundwater makes borewell water unsuitable for domestic use; desalinated or CMWSSB-piped water is essential
Northeast monsoon cyclone risk (Oct–Dec) is a recurring structural concern; older buildings need annual structural assessment
Premium pricing compresses rental yields below 2.5% in the luxury segment
Aurum Price Index for Palavakkam
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
₹ 5,655/sq. ft
Average Price Range
₹ 1,700 – 17,550
Trend (5Y)
▲ 68.2%
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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