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Chennai, Tamil Nadu — 600042
Velachery is a highly livable residential locality in Chennai with average property prices of ₹9,400/sqft, a 7/10 safety score, and 8/10 livability score as of June 2026.
Velachery is a large residential hub in south Chennai and one of its own revenue taluks. It is the terminus of the MRTS elevated rail's second phase from Thirumylai (Mylapore), giving it direct rail access toward the coast and the city, and it sits immediately west of the OMR and Taramani employment belts. The locality offers a broad mix of apartment communities and independent houses with strong retail activity.
Velachery is a highly livable residential locality in Chennai, Tamil Nadu (PIN: 600042). As of June 2026, the average property price is ₹9,400/sqft. A typical 2BHK apartment costs between ₹84,60,000 and ₹1,12,80,000. Average 2BHK rent is ₹23,500/month. It scores 7/10 for safety and 8/10 for livability, with key strengths in mrts phase ii rail terminus with service toward mylapore and chennai beach, immediately west of the omr/taramani employment belt, one of the 17 revenue taluks of post-2018 chennai district.
· Source: AVnester platform data
Source: AVnester Market Intelligence, 0 active listings · 2026-06-15
A 2BHK apartment in Velachery, Chennai costs between ₹84,60,000 and ₹1,12,80,000 as of June 2026, with an average price of ₹9,400 per sqft. Rental apartments start at approximately ₹23,500/month for a 2BHK.
Velachery scores 8/10 for livability and 7/10 for safety on AVnester. It is one of the top-rated localities in Chennai for residential living. Key advantages include mrts phase ii rail terminus with service toward mylapore and chennai beach, immediately west of the omr/taramani employment belt, one of the 17 revenue taluks of post-2018 chennai district.
Velachery is best for premium buyers, established families, and investors seeking stable rental yields in a mature Chennai locality. At ₹9,400/sqft, it offers premium amenities and strong infrastructure.
Velachery has access to Velachery MRTS terminus. The area is well-positioned along the IT corridor, making it convenient for tech professionals.
Avg Price/sqft
₹9,400
Avg Rent (2BHK)
₹23,500
Safety Score
7/10
Livability Score
8/10
Consider waiting 3-6 months for better conditions
Track historical price movements and market trends. Based on platform data.
| Locality | Avg Price/sqft | Avg Rent (2BHK) | Safety | Livability |
|---|---|---|---|---|
| Velachery (this area) | ₹9,400 | ₹23,500 | 7/10 | 8/10 |
| Guindy | ₹15,950 | ₹40,000 | 7/10 | 7/10 |
| Madipakkam | ₹7,654 | ₹19,000 | 7/10 | 7/10 |
| Perungudi | ₹11,050 | ₹27,500 | 7/10 | 7/10 |
| Thiruvanmiyur | ₹14,500 | ₹36,000 | 8/10 | 8/10 |
Source: AVnester Market Intelligence · Updated June 2026
Based on current market data, Velachery is a premium locality with moderate growth signal and an estimated gross rental yield of ~3.0% per annum.
Estimates are based on AVnester platform data. Consult a registered real estate advisor before making investment decisions. ·
Chennai, Tamil Nadu — 600042
AVnester
Locality Report Card
Avg Price/sqft
₹9,400
Avg Rent (2BHK)
₹23,500
Safety Score
7/10
Livability Score
8/10
Highlights
Transport
Shopping
Parks
Generated 15/6/2026 — avnester.com
avnester.com/localities/chennai/velachery