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Melakondaiyur
Avg. Rate
₹ 5,393/sq. ft
Locality Rating
3.8/10
Melakondaiyur is a developing locality in Chennai within the Tiruvallur district, known for its emerging residential character. With a modest population of 6,547 residents, the area primarily serves as a residential neighborhood. The current property price in the locality stands at ₹10,350 per sqft as of October 2025, reflecting a significant growth of 256.9% since January 2011 when prices were ₹2,900 per sqft. This remarkable price appreciation highlights strong investment potential for prospective buyers looking at long-term capital gains. Homebuyers and investors seeking affordable yet rapidly appreciating real estate options would benefit greatly from purchasing property here. Overall, the locality presents a promising market outlook for those interested in the Chennai real estate sector.
Region
Melakondaiyur
City
Chennai
District
Chennai
State
Tamil Nadu
Pincode
602024
Population
6,547
Nearest Airport
Chennai International Airport (MAA)
Neighbourhood Insights by
The Good
Cluster of CBSE, ICSE, and IB schools within the locality makes it a top choice for families with school-age children
Green belt adjacency restricts high-density construction on the buffer side, preserving residential character
Lower built-up intensity means large-format villa and gated community projects remain feasible at competitive pricing
Located in the emerging north-Chennai revitalisation zone; CMDA-led planned township development underway nearby
Improving road and metro connectivity is narrowing the price gap between west Chennai and the OMR/ECR premium belts
The Bad
Social infrastructure is still developing; hospital, school, and quality retail options within 5 km are limited
Distance of 35–55 km from Chennai CBD (Egmore/T. Nagar) makes this locality impractical for daily CBD-based commuters
Proximity to SIPCOT, Ambattur, or Manali industrial estates results in above-average air and noise quality concerns
Dense land use with no surface parking provision is among the most persistent resident complaints in this locality
Aurum Price Index for Melakondaiyur
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
₹ 5,393/sq. ft
Average Price Range
₹ 1,600 – 16,750
Trend (5Y)
▲ 68.3%
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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