New Launch - India Real Estate Report 2026.

Melakondayar

Avg. Rate

₹ 5,629/sq. ft

Locality Rating

3.8/10

Melakondayar is a developing locality in Chennai city within the Tiruvallur district, offering a balanced and evolving environment. The area has a population of 4,721 residents and functions primarily as a residential community. Property prices in the locality stand at ₹10,800 per sqft as of October 2025, having recorded a massive growth of 254.1% since January 2011 when prices were ₹3,050 per sqft. This substantial price appreciation indicates strong capital appreciation and high investment potential for the future. Real estate investors and homebuyers looking for long-term value will benefit greatly from living or investing here due to this proven upward growth trend.

Region

Melakondayar

City

Chennai

District

Chennai

State

Tamil Nadu

Pincode

621704

Population

4,721

Nearest Airport

Chennai International Airport (MAA)

Neighbourhood Insights by

The Good

Chennai's medical tourism cluster proximity drives short-term furnished rental demand from patients and caretakers

Reputed institutions (DAV, Chettinad Vidyashram, or PSBB group) within 2 km command above-market pricing in adjacent streets

Thriving local market and commercial street provide daily essentials within walking distance, reducing vehicle dependency

Located in the emerging north-Chennai revitalisation zone; CMDA-led planned township development underway nearby

West Chennai's Porur–Poonamallee–Ambattur corridor is seeing rapid infrastructure upgrades including the Chennai Ring Road

The Bad

Chemical or refinery emissions from nearby industrial areas have been flagged in State PCB monitoring reports

Steep appreciation over the last three years has significantly raised the entry barrier for first-time buyers

Aurum Price Index for Melakondayar

1BHK2BHK3BHKAll

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

Upper PriceAverage PriceLower Price

Timeline

Average Rate

₹ 5,629/sq. ft

Average Price Range

₹ 1,700 – 17,500

Trend (5Y)

▲ 68.8%

Nearby Neighborhoods

Komakkambedu

Komakkambedu is a developing locality situated in the Tiruvallur district of Chennai. With a population of 4,375 residents, the area serves as a residential neighborhood. The current property price in the locality is ₹6,050 per sqft as of October 2025, reflecting a significant growth of 255.9% since January 2011 when prices were at ₹1,700 per sqft. This remarkable price growth indicates strong investment potential for prospective buyers in the market. Homebuyers and investors seeking long-term value appreciation would particularly benefit from participating in this expanding real estate market.

Avg. Rate

₹ 3,139/sq. ft

Locality Rating

3.8/10

Explore Neighbourhood

Melakondaiyur

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.

Avg. Rate

₹ 5,393/sq. ft

Locality Rating

3.8/10

Explore Neighbourhood

Narayan Nagar

Narayan Nagar is a locality situated in Chennai within the Tiruvallur district, serving as a developing residential area. The locality has a modest population of 6,799 residents, supporting its residential character. Property prices in the area currently stand at ₹11,650 per sqft as of October 2025, having experienced a significant growth of 253.0% from ₹3,300 per sqft in January 2011. This substantial upward price trend indicates strong investment potential for prospective buyers looking at long-term capital appreciation. Homebuyers and investors seeking a growing neighborhood in the Chennai region would benefit from participating in this market.

Avg. Rate

₹ 6,071/sq. ft

Locality Rating

3.9/10

Explore Neighbourhood

Velliyur

Velliyur is a developing locality in Chennai, located within the Tiruvallur district. With a population of 7,763, the area functions as a residential destination. Property prices in the locality currently stand at ₹11,700 per sqft as of October 2025, having experienced a massive growth of 254.5% since January 2011 when prices were ₹3,300 per sqft. This significant price appreciation indicates strong capital appreciation and high investment potential for property buyers. Real estate investors looking for substantial long-term returns would greatly benefit from investing here. Overall, the market outlook for Velliyur remains promising for those seeking property acquisition in the region.

Avg. Rate

₹ 6,105/sq. ft

Locality Rating

3.9/10

Explore Neighbourhood

Real Estate Toolkit

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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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Melakondayar

Neighbourhood Insights by

The Good

The Bad

Aurum Price Index for Melakondayar

Aurum Price Index is based on 10 parameters:

Rates and Trends

Nearby Neighborhoods

Komakkambedu

Melakondaiyur

Narayan Nagar

Velliyur

Real Estate Toolkit

Frequently Asked Questions

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Insight that inspires action.
Technology that empowers action.“