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₹8,500Avg price per Sq.Ft.
↑ 10.3% in a yearLand up about 65%
2Live projects listed
9 kmTo Chennai Central
Overview
What is Madhavaram like to live in?
In one lineMadhavaram is a fast-growing North Chennai suburb where two new metro lines will start, with flats averaging about ₹8,000 per Sq.Ft.
Where it is. It sits between Perambur and Kodungaiyur in North Chennai, about 9 km from Chennai Central. GNT Road (NH-16) and 100 Feet Road run through it, meeting at Moolakadai Junction.
Madhavaram key factsUpdated October 2026
Location
North Chennai, near Perambur
Pin code
600060
Average asking price
₹8,000 per Sq.Ft.
Registered sale price
₹10,447 per Sq.Ft.
Flat price growth
About 10% in a year
10-year growth
About 86%
2 BHK budget
₹65 lakh to ₹95 lakh
3 BHK budget
₹1.02 Cr to ₹1.3 Cr
Rental yield
About 5% a year
Future metro
Two Phase 2 lines start here
City centre
About 9 km to Chennai Central
Airport
About 26 km
Projects listed
2 on BookNewProperty
New homes from
₹66 lakh
Sources: Tamil Nadu registration data, property portal price data, developer price lists and BookNewProperty listings, October 2026.
Future metro hub. Two Phase 2 metro lines will start at Madhavaram Milk Colony, one to SIPCOT and one to Sholinganallur on OMR.
Strong price growth. Flat prices rose about 10% last year and land prices about 65%.
Good rental income. Rental yields are near 5%, among the best in Chennai.
Homes actually sell above the asking price: registered sales average about ₹10,447 per Sq.Ft.
Branded projects from Casagrand, Radiance and Sidharth.
The 28-acre Madhavaram Botanical Garden and about 30 schools and colleges nearby.
Know before you buy
The metro is years away. Full Phase 2 operations are realistically 2028 to 2030.
NH-16 gets waterlogged after heavy rain, and the Madhavaram roundabout is often jammed.
It mixes homes with industry, including Padavattamman Industrial Estate and the Manali refinery belt 8 km north.
Some pockets lack piped water. Check the project's water source.
Last year's 65% land price jump is unusual. Expect slower growth now.
South Chennai IT hubs are a long drive until the metro opens.
Our verdict on Madhavaram
Madhavaram is one of Chennai's strongest bets on future metro growth. Two new lines will start here, homes are selling above asking prices, and rental yields are near 5%.
The metro will take until about 2028 to 2030, and the area has flooding, traffic and industrial pockets. For buyers and investors who can hold for 3 to 7 years, it offers strong value in North Chennai.
Suits you if
You work in IT and plan to use the future metro to SIPCOT or OMR
You want rental income near 5% a year
You are an NRI looking for North Chennai value with metro upside
You can hold for 3 to 7 years
You want a branded project from Casagrand, Radiance or Sidharth
You want green space like the Botanical Garden and many schools nearby
Look elsewhere if
You need the metro running in the next year or two
You commute daily to South Chennai today
You want to avoid industrial areas nearby
You are worried about flooding on NH-16
You expect last year's land price jump to repeat
You want a premium South Chennai lifestyle
Prices
Property prices in Madhavaram (2026)
Typical ticket sizes by home type in 2026, with branded apartments averaging ₹8,500 per Sq.Ft.
1 BHK flat↑ Rising
₹45.5 lakh to ₹60 lakh
2 BHK flat↑ Rising
₹65 lakh to ₹95 lakh
3 BHK flat↑ Rising
₹1.02 Cr to ₹1.3 Cr
Premium 3 BHK↑ Rising
₹1.3 Cr to ₹1.65 Cr
4 BHK↑ Rising
₹1.4 Cr to ₹1.65 Cr
Plot, per Sq.Ft.↑ Rising
₹3,050 to ₹7,500
How prices are moving
Flats in Madhavaram ask about ₹8,000 per Sq.Ft. on average, in a range of ₹7,500 to ₹9,600. Registered sales average higher, at about ₹10,447, because buyers are paying more for homes near the future metro.
Flat prices rose about 10% last year, about 36% over 3 years and about 86% over 10 years. Land rose faster, about 65% last year, and now costs ₹3,050 to ₹7,500 per Sq.Ft.
Casagrand Northern Star, opposite the planned metro station, rose about 46% in a year to about ₹10,200 per Sq.Ft. Rents range from ₹12,800 to ₹59,200 a month.
Free report · Updated October 2026
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Rate per Sq.Ft. and all-in price for each project
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Madhavaram price reportOctober 2026
ProjectFromReady by
Prestige Palm Court₹66 Lakh2030
Casagrand Aquagrove₹89 lakh2030
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BNP data lab
Madhavaram by the numbers
Our own analysis of prices, supply and returns in Madhavaram, built from registration data and the 2 projects we track here. Hover or tap any chart for exact values.
+10.3%Last 12 months
+35.6%Over 3 years
+68.4%Over 5 years
+86%Over 10 years
6.4%Average yearly growth, 10 years
Average price per Sq.Ft., 2016 to 2026Worked back from today's average and published growth ratesSee the data
Year
Avg price per Sq.Ft.
2016
₹4,570
2021
₹5,048
2023
₹6,268
2025
₹7,706
2026
₹8,500
Returns calculator
See what a home here could earn in rent, cost in EMI, and be worth if past growth repeats.
Monthly EMI
Expected rent a month
Rent coversof your EMI
Value in 5 years at past growth
Rent uses this area's rental yield of 5% a year. Future value applies the past 10-year average growth and is an illustration, not a forecast.
How we calculate. Price history is worked back from the current average and published growth rates. Live charts use price lists, sizes, possession dates and unit counts for the projects on BookNewProperty, refreshed whenever a project is updated. Sources: Tamil Nadu registration data, property portal price data, developer price lists and BookNewProperty listings, October 2026.
Projects
Flats, plots and projects for sale in Madhavaram
2 projects listed here today. Our advisors also track pre-launch inventory that is not public yet.
Want more options in Madhavaram?Get upcoming and pre-launch projects shared on a call.
No listed project matches that mix yet. Our advisors track off-market and pre-launch inventory too.
Connectivity
How well connected is Madhavaram?
Metro
Madhavaram Milk Colony will be the starting point of two Phase 2 metro lines: Corridor 3 to SIPCOT (45.4 km) and Corridor 5 to Sholinganallur (44.6 km).
Madhavaram Milk Colony, interchange
Madhavaram Depot
Madhavaram Bus Terminus
Moolakadai
Assisi Nagar and Manjambakkam
Washermenpet station, Phase 1, 8.7 km
To SIPCOT IT park
To Sholinganallur on OMR
Good to know. Phase 2 was approved in October 2024 with ₹63,246 Cr funding. Some stretches may open earlier, but full operations are realistically 2028 to 2030.
Road
GNT Road (NH-16) runs through the area. 100 Feet Road leads to Anna Nagar, and the two meet at Moolakadai Junction.
GNT Road, NH-16
100 Feet Road
Moolakadai Junction
Madhavaram High Road
Anna Nagar, about 20 minutes
Good to know. NH-16 gets waterlogged after heavy rain, and traffic jams are common at the Madhavaram roundabout.
Railway
Perambur station, about 5 km away, is the nearest railway junction. Chennai Central is about 9 km.
Perambur station, 5 km
Vyasarpadi station, 6.9 km
Chennai Central, 9 km
Airport
Chennai International Airport is about 26 km away, usually 60 to 80 minutes by car.
Cab, about ₹500 to ₹900
MTC airport buses
Future metro links via Phase 2
Bus
MTC and state buses run from the Madhavaram bus terminus to the city and to other states.
To Anna Nagar, 20 minutes
To Chennai Central
To Perambur
To Bengaluru and Tirupati
Want a short commute?Tell us where you work and we will match projects within easy reach.
Lifestyle
Schools, hospitals and offices near Madhavaram
Education
6 places
St Joseph's Higher Secondary School, Assisi NagarCBSE and state board school
Sri Chaitanya SchoolCBSE school, within 4 km
Greenfield Chennai International SchoolIB and Cambridge school, within 4 km
Bosco Academy MatriculationLocal school
Show all 6
Global CBSE SchoolCBSE school, about 2 km
Saint Anne CollegeDegree college in Madhavaram
Healthcare
6 places
K M Multispecialty HospitalMulti-speciality hospital
Prashanth Super Speciality HospitalMulti-speciality hospital
St Anthony's HospitalMulti-speciality hospital
Murari HospitalMulti-speciality hospital, future metro stop
Show all 6
NRV HospitalMulti-speciality hospital
Apollo Hospitals, Greams RoadLarge hospital, about 10 km
Shopping and leisure
4 places
Madhavaram Botanical Garden28-acre garden with 400+ plant species
S2 and PVR cinemas, VillivakkamCinemas, 4 to 5 km
Spectrum The Grand Venus MallShopping, about 6 km
Ampa Skywalk MallShopping and cinema, about 8 km
Work hubs
5 places
India Land Tech ParkIT campus in Madhavaram
Padavattamman Industrial EstateLocal industrial jobs
Nagappa EstateLight and mid-size industry
T.N. Tech CityPlanned IT cluster
Show all 5
Manali Industrial AreaRefinery and petrochemical jobs, about 8 km
Future growth
What is coming up in Madhavaram?
Upcoming infrastructure that will shape prices and daily life, in order of expected arrival.
2026
Metro Corridor 3 to SIPCOTMedium impact
A 45.4 km line with 50 stations from Madhavaram to the SIPCOT IT park.
2027
MRTS and metro merger, plus road worksHigh impact
A single urban rail network, plus planned NH-16 drainage work to ease waterlogging.
2027
Metro Corridor 5 to SholinganallurMedium impact
A 44.6 km line with 48 stations to the OMR IT belt, home to large TCS, Infosys, Wipro and HCL campuses.
2028
T.N. Tech CityHigh impact
A planned government IT cluster in Madhavaram that would bring more jobs.
2029
New branded launchesHigh impact
Casagrand, Radiance and Sidharth projects finish in 2026, adding more branded homes. More national builders may follow.
2029
Madhavaram Depot and Bus Terminus metro stationsHigh impact
A main metro depot and a station linked to the area's main bus hub.
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