Mahalakshmi Nagar
Avg. Rate
₹ 3,022/sq. ft
Locality Rating
5.4/10
Mahalakshmi-Nagar is a locality in Chennai, Chennai District, and its PIN code is 600073. Located in the Kanchipuram district, this area is known for its residential properties and commercial spaces. The locality is situated near the Chennai Beach railway station and is easily accessible by road and rail. It is surrounded by other prominent localities such as Teynampet and Mylapore, making it a desirable location for residents and businesses alike. The area is also home to several educational institutions, healthcare facilities, and shopping centers, catering to the needs of its residents. With its strategic location and amenities, Mahalakshmi-Nagar has become a popular choice for those looking to live and work in Chennai. The area's proximity to the city's central business district makes it an attractive option for professionals and families.
Region
Mahalakshmi Nagar
City
Chennai
District
Chennai
State
Tamil Nadu
Pincode
600073
Population
11,401
Schools
4
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
Coastal location provides unmatched lifestyle amenities — beaches, seafood restaurants, and weekend getaways within minutes
Healthcare infrastructure within 3 km significantly improves emergency response time and quality-of-life index
Reputed institutions (DAV, Chettinad Vidyashram, or PSBB group) within 2 km command above-market pricing in adjacent streets
Dense retail and F&B ecosystem supports high walkability and sustains strong rental occupancy across unit categories
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
Absentee owner concentration in newer projects creates ghost-block risk that can reduce resale liquidity
Aurum Price Index for Mahalakshmi nagar
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
₹ 3,022/sq. ft
Average Price Range
₹ 900 – 9,400
Trend (5Y)
▲ 68.1%
Nearby Neighborhoods
Real Estate Toolkit
Rates and Trends
Track live property prices, locality trends, and market movements to make informed real estate decisions.
CIBIL Tracker
Monitor your credit score, loan inquiries, and credit activity to stay financially prepared.
Home Loan EMI Calculator
Calculate EMIs instantly and view interest, principal, and repayment schedules with ease.
Unit Converter
Convert carpet, built-up, and super built-up areas across commonly used property units.
Loan Transfer Calculator
Estimate savings from transferring your home loan and compare refinancing opportunities.
SIP Calculator
Plan your investment goals with monthly SIP projections and expected wealth creation estimates.
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
Ask Pulse Ai anything about real estate
Unlock the Latest in Real Estate
News, Infographics, Blogs & More! Delivered to your inbox.
