Rental value in Chetpet

Q: Hey heard that Chetpet is good for investment purpose. I am planning to give for rentals here. Kindly discuss and let me know.

Srinivas , Chennai

10th April 2014

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Replies (3)

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13th April 2014

Comment

Also the locality enjoys a good social infrastructure adding to its livability. There are several educational institutions, healthcare centres and recreational zones present in its vicinity.

Pranab Malakar,

10th April 2014

Comment

Hey Srinivas, if you buy a 2BHK apartment here, it would today cost between Rs 80 lakh to Rs 1 crore. But, if put it on rent, it would pay back Rs 3-3.6 lakh every year. :)

Gurmeet,

10th April 2014

Comment

Yes also the locality offers 3BHK units which cost anywhere between Rs 1.5-3 crore. Sized between 1500 and 2500 sq ft, the units are rented for almost Rs 45,000-55,000 per month, making it Rs 5.5-6.6 lakh per year. I think it is good option for investment purpose.

Himani,

10th April 2014

How is the connectivity of the locality ? What is the price range ?

Kunal,

10th April 2014

@Kunal: locality is connected to the city by a planned rail and road network. While it falls just along the Poonamallee High Road, it also consists of a railway junction of its own. Chetpet is going to be connected by the Chennai Metro which will have a station at Kilpauk Medical College, about 2km from the locality.

Gurmeet,

10th April 2014