Tambaram West Overview
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Tambaram, a developed satellite city, is 27 kilometers away from Chennai city and is located on the Chennai-Trichy National Highway. Real estate demand for flats in Tambaram and flats near Tambaram area is increasing as most of the neighboring loca...lities are populated with IT companies. IT professionals are looking for good residential flats in east Tambaram and in Tambaram west. Another reason for booming real estate is the proposed Tambaram Eastern Bypass Road, which has encouraged several developers to invest in Tambaram properties. Builders are coming up with many amenities to lure investors. Flats for sale in Tambaram east are witnessing downtrend of 3% to 4% in q-o-q. Similarly for Tambaram west, the return on investment is witnessing a decrease of 21% for multistory apartment and the residential plot is seeing a decrease of 2% q-o-q. Commercial property in Tambaram west is costing Rs.35000 for a 1200 square feet area. The ROI (Return on Investment) has witnessed an increase of 5 to 12% q-o-q. Average apartment prices in this locality range from Rs. 3,400/- to 4,500/- per sq. ft. Average land prices are Rs. 2,500/- per sq. ft. The growth rate in this area is 4%.
Major builders in this area include: Haresh Housing, Pace builders, StepsStone Promoters Pvt. Ltd., Color Homes, Darshsurya Realtors, Vip housing and propertiees.
Tambaram has a minimum guideline value of Rs.800 per sqft to a maximum of Rs.7000 per sqft.
Stamp Duty is 7%, Registration Fees is 1%.