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Parandur
Avg. Rate
₹ 2,892/sq. ft
Locality Rating
3.8/10
Parandur is a developing locality in Chennai, Tamil Nadu, situated within the Chennai district, and is known for its evolving character. With a population of 5,696 residents, the area primarily serves as a developing residential and commercial hub. The current property price in the locality stands at ₹5,550 per sqft as of October 2025, reflecting a significant price growth of 258.1% since January 2011 when it was ₹1,550 per sqft. This remarkable price appreciation indicates strong investment potential for future returns. Property buyers and investors looking for long-term capital gains would particularly benefit from investing here due to this consistent growth trend. Overall, Parandur presents a promising market outlook for those interested in the region's real estate development.
Region
Parandur
City
Chennai
District
Chennai
State
Tamil Nadu
Pincode
631552
Population
5,696
Nearest Airport
Chennai International Airport (MAA)
Neighbourhood Insights by
The Good
Suburban rail access to Chennai Beach, Tambaram, and Velachery provides low-cost multi-directional connectivity
National Highway adjacency benefits logistics and manufacturing-sector professionals; warehousing demand supports commercial rentals
Thriving local market and commercial street provide daily essentials within walking distance, reducing vehicle dependency
South Chennai's OMR–Velachery–Perungudi triangle is the city's primary IT employment hub, driving sustained end-user demand
West Chennai's Porur–Poonamallee–Ambattur corridor is seeing rapid infrastructure upgrades including the Chennai Ring Road
The Bad
Proximity to commercial areas, hospitals, or major arterials generates persistent noise in main-road-facing units
Many developments are investor-held; low end-user occupancy depresses maintenance quality and community upkeep
Aurum Price Index for Parandur
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
₹ 2,892/sq. ft
Average Price Range
₹ 850 – 9,000
Trend (5Y)
▲ 68.2%
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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