Affordable Localities in Chennai: A Guide to 2 BHK Prices and Cost per Sq. Feet

Chennai, known for its rich culture, excellent infrastructure, and growing IT sector, has become a hub for real estate investments in recent years. While the city has its fair share of premium residential areas, it also offers a variety of affordable localities that cater to middle-income families and first-time home buyers. With well-connected transport systems, access to essential services, and reasonable property prices, these localities have garnered significant attention.

Top 11 Affordable Localities in Chennai

1. Ambattur
2. Pallavaram
3. Porur
4. Guduvanchery
5. Perumbakkam
6. Perambur
7. Madhavaram
8. Teynampet
9. Chromepet
10. Tambaram
11. Medavakkam

Here’s a detailed guide to some of the most affordable localities in Chennai for prospective homebuyers:

Top 11 Affordable Localities in Chennai

1. Ambattur

Ambattur, located in the western part of Chennai, is a prominent industrial hub that has evolved into a sought-after residential area. It offers a variety of affordable housing options, making it popular among middle-class families and professionals. With well-established connectivity to major IT parks, schools, and healthcare facilities, Ambattur provides a convenient lifestyle. The area is also known for its greenery and open spaces, adding to its appeal for those seeking a balanced urban environment.

• Price for 2 BHK: ₹45 – 60 Lakhs
• Cost per sq. feet: ₹4,000 – 5,500

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2. Pallavaram

Pallavaram, situated in the southern part of Chennai, is a vibrant locality known for its strategic location and robust infrastructure. Its proximity to Chennai International Airport makes it a prime choice for professionals and frequent travelers. The area offers a range of residential options, including affordable 2 BHK apartments, and is well-connected to major IT corridors. With excellent amenities like schools, hospitals, and shopping centers, Pallavaram provides a comfortable and convenient lifestyle for families and working professionals.

• Price for 2 BHK: ₹55 – 80 Lakhs
• Cost per sq. feet: ₹5,000 – 6,500

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3. Porur

Porur is a thriving suburb in Chennai, known for its strategic location and dynamic mix of commercial and residential areas. The locality boasts excellent connectivity to major IT hubs and educational institutions, making it a popular choice for both families and working professionals. Porur has witnessed significant infrastructural growth, with a variety of shopping complexes, restaurants, and healthcare facilities enhancing the quality of life. Additionally, the presence of numerous parks and recreational spaces makes it an attractive option for those seeking a balanced urban environment.

• Price for 2 BHK: ₹70 – 85 Lakhs
• Cost per sq. feet: ₹5,500 – 7,000

4. Guduvanchery

Guduvanchery is an emerging residential hub offering affordable housing options. Its strategic location provides easy access to industrial zones, making it an attractive option for professionals. The locality is also seeing rapid infrastructure development, enhancing its appeal. Guduvanchery has emerged as a sought-after affordable residential locality in recent years due to its close proximity to major IT parks along the Old Mahabalipuram Road (OMR) and GST Road. Further, Guduvanchery Railway Station connects to Chennai Central and other key areas. The locality is ideal for IT professionals seeking affordable housing options near their workplaces like Shriram Gateway and Accenture. With the presence of schools, shopping complexes, and healthcare facilities, Guduvanchery is an emerging real estate hotspot.

• Price for 2 BHK: ₹35 – 50 Lakhs
• Cost per sq. feet: ₹3,000 – 4,500

5. Perumbakkam

Nestled near the IT corridor of Sholinganallur, Perumbakkam is a fast-growing residential area that offers a blend of modern living and affordability. It caters to the needs of IT professionals and families alike, with a variety of housing options ranging from budget-friendly apartments to luxurious villas. The locality is well-equipped with essential amenities such as reputed schools, hospitals, and shopping centers. Its serene environment, coupled with its proximity to bustling IT parks, makes Perumbakkam a desirable destination for those seeking a peaceful yet well-connected lifestyle.

• Price for 2 BHK: ₹50 – 70 Lakhs
• Cost per sq. feet: ₹4,500 – 6,000

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6. Perambur

Perambur is one of the oldest residential localities in North Chennai known for its connectivity and infrastructure. It offers a range of housing options and is close to various amenities such as shopping centers, schools like Don Bosco and hospitals like KHM Hospital, making it suitable for families seeking an affordable yet comfortable living experience. The locality’s most excellent feature is its proximity to Perambur Railway Station and the future metro line extension

• Price for 2 BHK: ₹55 Lakhs – 1 Cr
• Cost per sq. feet: ₹5,000 – 6,500

7. Madhavaram

Madhavaram, located in North Chennai, is an emerging residential locality that has gained attention for its affordability and growing infrastructure. The area offers a diverse range of housing options, from traditional homes to contemporary apartments, appealing to a wide demographic. Its strategic location provides good connectivity to the industrial zones and the city center, making it convenient for daily commuters. The locality is also developing in terms of amenities, with new schools, hospitals, and shopping areas enhancing its livability, attracting homebuyers looking for value-for-money options.

• Price for 2 BHK: ₹60 – 80 Lakhs
• Cost per sq. feet: ₹4,000 – 5,000

8. Teynampet

Teynampet stands as one of Chennai’s most prestigious and centrally located neighborhoods, known for its upscale residential and commercial spaces. This prime locality offers a luxurious lifestyle, with top-notch amenities including high-end shopping malls, fine dining restaurants, and renowned healthcare facilities. Its central location provides seamless access to various parts of the city, making it a preferred choice for professionals and families seeking convenience and prestige. The area is also home to several cultural landmarks and green spaces, adding to its sophisticated urban charm.

• Price for 2 BHK: ₹80 Lakhs – 1.2 Crore
• Cost per sq. feet: ₹8,000 – 9,500

9. Chromepet

Chromepet is another fast-growing suburb located along the GST Road, offering a mix of affordable and mid-range housing options for both professionals and families. With excellent connectivity to the Chennai International Airport, Chromepet Railway Station, IT hubs, and prominent educational institutions, Chromepet has become an attractive destination for home buyers. The locality is also known for its bustling markets, temples, and social infrastructure.

• Price for 2 BHK: ₹70 Lakhs – 1.02 Cr
• Cost per sq. feet: ₹4,500 – 6,000

10. Tambaram

Located on the southern outskirts of Chennai, Tambaram is a popular residential suburb known for its green surroundings and well-developed infrastructure. It offers excellent connectivity to IT corridors and educational institutions, making it a favorable option for families and professionals seeking an affordable yet convenient living space. Known for its proximity to the Chennai International Airport and well-connected roadways like the Grand Southern Trunk (GST) Road, Tambaram offers excellent connectivity to both the city center and outer suburbs. It has good public transport facilities, including the suburban train network. Tambaram Railway Station connects to various parts of Chennai.

Price for 2 BHK: ₹45 – 65 Lakhs
Cost per sq. feet: ₹4,000 – 5,500

11. Medavakkam

Medavakkam is one of the fastest-growing residential localities in Chennai, strategically located between OMR and GST Road. It offers excellent connectivity to major IT hubs like Sholinganallur, hospitals like Global Health City and educational institutions like Bharathi Vidyalaya, making it an ideal choice for professionals and families alike. Upcoming metro expansion plans to improve connectivity further. Medavakkam has a mix of affordable and mid-range housing options, with many new residential projects in development.

Price for 2 BHK: ₹55 – 90 Lakhs
Cost per sq. feet: ₹5,000 – 6,500

For first-time buyers, these areas present an excellent opportunity to invest in the growing Chennai real estate market, offering great potential for both living and long-term returns on investment. With new infrastructure developments, metro connectivity, and IT corridor expansions, these affordable localities in Chennai are expected to see substantial growth in the coming years, making now the perfect time to invest.

FAQs about Affordable Localities in Chennai