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Locality Details for A V M Colony 2nd Street

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Guideline Value Timeline
Chennai

Zone

Virugambakkam

Village

Virugambakkam

SRO

Residential Class II Type - II
Guideline Value History
Period Guideline Value
From 1-7-2024 ₹4950 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹434 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹392 /sq.ft.
Guideline Value Comparison

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Locality Guide: A V M Colony 2nd Street, Virugambakkam, Chennai

Area Overview and Geography

A V M Colony 2nd Street is situated in the vibrant suburb of Virugambakkam, Chennai. This locality is known for its peaceful residential vibe and is well-connected to several key parts of the city. The area boasts a mix of independent houses, multistorey apartments, and commercial establishments, making it an attractive choice for families and young professionals alike. Geographically, A V M Colony is bordered by neighborhoods like Kodambakkam and Valasaravakkam, offering residents easy access to urban conveniences while maintaining a serene living environment.

Real Estate Market Analysis

The real estate market in A V M Colony 2nd Street has shown robust growth over the past few years. The average property prices in this locality range from ₹5,000 to ₹7,500 per square foot, depending on the type of property and its proximity to main roads. The area has also witnessed a steady increase in demand for rental properties, making it a favorable market for property investors. With the ongoing development of infrastructure and amenities, the real estate values are expected to appreciate further, attracting both end-users and investors.

Infrastructure and Connectivity

A V M Colony 2nd Street benefits from excellent infrastructure, including well-maintained roads and reliable public transport options. The locality is conveniently located near major arterial roads such as Arcot Road and the Chennai Bypass, facilitating easy access to various parts of Chennai. The Chennai International Airport is approximately 10 km away, while the Chennai Central Railway Station is around 12 km, providing residents with efficient travel options. Public transport, including buses and auto-rickshaws, operates frequently, ensuring that commuting is hassle-free for residents.

Amenities and Facilities

The amenities in A V M Colony 2nd Street are tailored to meet the needs of its residents. The area is home to a variety of schools, such as St. John's International School and Sri Sankara Vidyashramam, ensuring quality education for families. Additionally, there are several hospitals and healthcare facilities, including A.M.M. Hospital and K.M.C. Hospital, providing residents with accessible healthcare services. A range of shopping options, from local markets to branded retail stores, enhance the convenience of living in this locality. Parks and recreational spaces also contribute to the quality of life in A V M Colony.

Investment Potential

A V M Colony 2nd Street presents a promising investment potential for both residential and commercial real estate. The ongoing urbanization and infrastructural developments in and around Virugambakkam have positively impacted property values, making it an ideal choice for long-term investors. The growing demand for housing, coupled with the increasing rental yields, positions this locality as a lucrative option for property buyers seeking capital appreciation and consistent rental income.

Local Attractions and Landmarks

The locality is enriched with several attractions and landmarks that enhance its appeal. Nearby, residents can explore cultural sites such as the famous Kandasamy Temple and the serene Vadapalani Murugan Temple. For recreational activities, the popular Ekkatuthangal Park and the nearby shopping malls like Forum Vijaya Mall and Phoenix MarketCity offer entertainment and leisure options. The presence of these attractions not only adds to the lifestyle of residents but also increases the area's desirability.

Transportation Links

Transport connectivity is one of the strong points of A V M Colony 2nd Street. The locality is well-served by public bus services operated by the Metropolitan Transport Corporation (MTC), connecting residents to various parts of Chennai. The nearest metro station, Ekkatuthangal Metro Station, is just a short drive away, providing an efficient alternative for daily commuters. Additionally, the proximity to major roadways ensures that residents can travel to other parts of the city with ease, making it a strategic location for those who rely on public transport.

Future Development Plans

Future development plans for A V M Colony 2nd Street and the surrounding Virugambakkam area are focused on enhancing urban infrastructure and community facilities. The Chennai Smart City Mission aims to improve the quality of life through upgraded amenities, better traffic management, and eco-friendly initiatives. Proposed projects include the expansion of metro lines and the development of additional commercial spaces, which are likely to further boost property values and attract new residents. As these developments unfold, A V M Colony is set to become an even more attractive destination for homebuyers and investors alike.