Medavakkam Property Intelligence Report 2024
Medavakkam is located on the OMR corridor, 19 km from Chennai Central. Registered sale prices average ₹5,200/sqft while brokers quote ₹6,200/sqft — a 19% premium. PropXLA rates Medavakkam 65/100 based on price truth, flood risk, metro connectivity, and IT corridor proximity.
Medavakkam
Medavakkam · Investment
OMR corridor
63/100
Proceed with careModerate fit for investment — verify all risks before paying
Price truth
75/100
vs area avg
Risk score
35/100
flood + CRZ
Intent fit
75/100
for investment
Price momentum and IT corridor proximity drive investment score.
Illiquid market. Verify exit options before committing capital.
Flood risk: high
High flood risk. Confirm plot elevation above 4m MSL before any payment.
Broker quoting 19% above registered prices
Registered avg ₹5,200/sqft · Broker asking ₹6,200/sqft · Verify on Zapkey
Price growth signal
Good — 42% appreciation over 5 years. Metro coming.
Price trend2020 → 2024
20202021202220232024
₹3,600/sqft₹5,200/sqft+44% in 4 years
Recent registered sales
2BHK · 1,050 sqft
Apr 2024
54L
₹5,143/sqft
3BHK · 1,380 sqft
Feb 2024
72L
₹5,217/sqft
2BHK · 980 sqft
Dec 2023
50L
₹5,102/sqft
Source: Registered sale data · TNREGINET
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