Palavakkam Property Intelligence Report 2024
Palavakkam is located on the ECR corridor, 14 km from Chennai Central. Registered sale prices average ₹9,000/sqft while brokers quote ₹11,000/sqft — a 22% premium. PropXLA rates Palavakkam 78/100 based on price truth, flood risk, metro connectivity, and IT corridor proximity.
Palavakkam
Palavakkam · Investment
ECR corridor
67/100
Good pickSolid pick for investment — key risks flagged below
Price truth
55/100
vs area avg
Risk score
65/100
flood + CRZ
Intent fit
100/100
for investment
Price momentum and IT corridor proximity drive investment score.
Illiquid market. Verify exit options before committing capital.
Flood risk: moderate
Moderate flood risk. Verify plot elevation and drainage before buying.
Broker quoting 22% above registered prices
Registered avg ₹9,000/sqft · Broker asking ₹11,000/sqft · Verify on Zapkey
Price growth signal
Strong coastal premium — posh villa belt near metro.
Price trend2020 → 2024
20202021202220232024
₹6,000/sqft₹9,000/sqft+50% in 4 years
Recent registered sales
4BHK Villa · 3,300 sqft
Apr 2024
4.5Cr
₹13,636/sqft
3BHK · 1,800 sqft
Feb 2024
1.65Cr
₹9,167/sqft
2BHK · 1,100 sqft
Dec 2023
98L
₹8,909/sqft
Source: Registered sale data · TNREGINET
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