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Property rates in Chennai

Rates by:

Knight Frank

1. Values indicated above are quoted base rental values for retail space across locations.
2. Values are excluding taxes, maintenance, car park charges, floor rise and other charges that may be applicable.
3. The values may vary depending on the location
4.99 Acres Price trend are based on asking rate and not necessarily on the transaction rate
Note
Chennai Capital Values Rate/Sq ft (INR)
(min / max)
Updated on
Anna Nagar 11000 - 14000 May 2013
Ashok Nagar 9000 - 11000 May 2013
Boat Club 22000 - 26000 May 2013
Egmore 9000 - 14000 May 2013
Guindy 6000 - 8000 May 2013
Kilpauk 9000 - 14000 May 2013
Moggapair 5000 - 6800 May 2013
Poes Garden 20000 - 25000 May 2013
R A Puram 13000 - 18000 May 2013
T Nagar 10000 - 14000 May 2013
Vadapalani 6000 - 8000 May 2013
Velachery - OMR Road 6000 - 8000 May 2013

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Property Terms

Anchor tenant

One or more department or variety chainstores, or supermarkets, introduced into a shopping centre in key positions to attract the shopping public into the centre for the purpose of encouraging other retailers to lease shops en route. The larger the developments the more anchors required.

Agreement for lease/sale

A contract to enter into a lease (or sale), which in order to be enforceable either must be evidenced in writing and signed by the person against whom action is taken for the breach of the alleged contract and there must be a sufficient act of part performance.

Assignment

The transfer of a property interest, especially a lease, from one party to another.

Atrium

An entrance hall of a building, often rising through a number of storeys and containing lifts, reception areas and plants. Originally the hall or chief apartment of a Roman house.

Asset valuation

In the property market this expression is applied to the valuation of land and buildings or plant and machinery. The term is often used to describe an expert opinion of the worth of a property which may be incorporated into company accounts, where the ownership of the asset is not necessarily to be transferred but the valuation is required for the company takeovers, share flotation or mortgages.

Alternative user value

The value of land and buildings which reflects a prospective use which is different from that of the current use.

Absolute title

The right of ownership of a mortgage deed, which gives the right, in certain specified circumstances, to demand repayment in full, of the outstanding debt than the due date. Or a clause in a deed or contract, which provides for the early termination of an exciting interest in land, in certain specified circumstances, thereby advancing the future interest.

Abatement notice

A notice served on the owner(s) or occupier(s) of a property from which a private nuisance arises, warning them of the intention to enter on the land in order to abate the nuisance.

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