Poonamallee Property Intelligence Report 2024
Poonamallee is located on the OMR corridor, 20 km from Chennai Central. Registered sale prices average ₹4,500/sqft while brokers quote ₹5,500/sqft — a 22% premium. PropXLA rates Poonamallee 61/100 based on price truth, flood risk, metro connectivity, and IT corridor proximity.
Poonamallee
Poonamallee · Investment
OMR corridor
68/100
Good pickSolid pick for investment — key risks flagged below
Price truth
55/100
vs area avg
Risk score
85/100
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: low
Low flood risk. No major inundation history for this area.
Broker quoting 22% above registered prices
Registered avg ₹4,500/sqft · Broker asking ₹5,500/sqft · Verify on Zapkey
Price growth signal
Steady — mid-income west Chennai belt. Metro Phase 3 upside.
Price trend2020 → 2024
20202021202220232024
₹2,800/sqft₹4,500/sqft+61% in 4 years
Recent registered sales
2BHK · 1,050 sqft
Apr 2024
47L
₹4,476/sqft
3BHK · 1,380 sqft
Feb 2024
62L
₹4,493/sqft
2BHK · 980 sqft
Dec 2023
43L
₹4,388/sqft
Source: Registered sale data · TNREGINET
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