Moving to Chennai? Checklist before finding a rented house

15 February, 2019

by Abhijeet Kumar


Chennai might not be the city to fall in love at first sight, but give it enough time and you will see Tamglish seeping into your lifestyle… the Tamilian English. The cultural capital of the South, Chennai has a lot to offer. There are beaches, temples and an experience of hospitality that you won’t find anywhere.

With its growing manufacturing industry, IT and healthcare, Chennai is developing, but the city has managed to keep its culture and traditions alive. And unlike most other cities, people in Chennai rise early, giving you some morning experiences like never before. Also, the cost of living in Chennai is cheaper than other metros. So, if you too are moving to Chennai because of a job, like many others, let’s get you prepared.
Here is your checklist –

Rent (2BHK) Neighbourhood
10K – 15K Velachery, Porur
15K – 20K Thiruvanmiyur, Nungambakkam
20K – 25K T Nagar, Adyar

Security deposit

After browsing through the rent of different areas, comes the security deposit in play. Find out how much you can afford to pay for the deposit. Although it varies from owner to owner, in most areas, people ask for about 6 months rent before you move in.

In Velachery, for example, you are expected to pay around ₹50K-75K as the deposit. Then, in Nungambakkam, you have to pay around ₹1 Lakh before you move in. And for places like T Nagar, the deposit can be anywhere between ₹1 Lakh to ₹1.5 Lakh. Rental places in Adyar though may ask ₹2 Lakh (or more) as a deposit. You can, however, settle for 2-3 months rent too. So, negotiate well and get the terms and conditions cleared.

Availability of convenience stores

Apart from a roof, you also need regular food supply to survive. So, the closer the grocery stores, more convenient your daily life. Then, you need medicines, hospitals, saloons, laundry services and also, restaurants nearby. Localities like Thiruvanmiyur, Adyar and Velachery have a good number of grocery stores around to fulfil your daily needs. And your monthly grocery needs shouldn’t cost you more than ₹5,000.

You will find good hospitals and medical stores too for emergency needs. And of course, there are other service providers, plenty of restaurants and entertainment facilities in those areas.

Availability of utility services

Coming to expenses incurred on utility services like electricity and water supply, it purely depends on your rate of consumption. By the way, for a working individual, the budget should work out at around ₹1,500 per month and not more. The internet and cable TV services, at your flat, will cost you another ₹1,500 for a high-speed HD connection. Act, Den, and Hathway have their web spread all over the city.

Presence of schools

And if you have kids, you won’t have to send them to far-off schools. Schools are there everywhere in Chennai. Some of the good schools are –

  • PSBB School, Nungambakkam                     – ₹3,000 per month
  • DAV Public School, Velachery                       – ₹4,000 per month
  • Sishya School, Adyar                                     – ₹3,000 per month
  • Maharshi Vidya Mandir School, Chetpet      – ₹3,000 per month
  • Chettinad Vidyashram, R A Puram               – ₹4,000 per month

  • Those were the approximate tuition fees that you can expect in the school. In case, the admission fee, transport fee, and other extras go out of the budget, you can take a education loan from Monexo.

    Proximity from office

    And zeroing down to a single neighbourhood also requires you to take commute into consideration. If you’re living in a place near your office, you won’t have to bother much about the costs of travelling. Else, also outline the money spent on public transport – local trains, metros and buses. Some of the places with good connectivity of buses and suburban trains are Adyar, Velachery and Nungambakkam among others. Taxi services and autos also are available easily. By the way, if you plan to drive yourself, check how much you may need for petrol/diesel. I guess that would be all to check before you move into Chennai.

    Additional Read : 10 Things to do on your long commute to work

    Best places to live in Chennai

    Thiruvanmiyur

    Nearness to ECR and the IT Expressway makes it a preferred choice for the professionals. Good public transport connectivity, availability of food junctions, shops and retail outlets are all the different factors that contribute to its popularity. The average monthly rent for 2 BHK in the locality is in the range of ₹15K-20K.

    The MRTS Station is opposite TIDEL Park and the area has multiple bus stops including one each near TIDEL Park, Ramanujan IT Park and RTO Office. The Chennai Central railway station is about 15 kilometres away from the area.

    Velachery

    Velachery is another residential and commercial hub. Proximity to OMR and the IT expressway along with well-planned residential layouts make it a favourite among the working individuals. Presence of good schools and colleges, convenience stores and medical facilities nearby add to the comfort. The average monthly rent for 2 BHK in this area falls around ₹10K-15K.

    The MRTS station is at a junction near Velachery Main Road and Inner Ring Road and the bus stops at many places including Vijayanagar, Bharathi Nagar and also, the Bypass Road. The Chennai Central railway station is at a distance of 15 kilometres from Velachery

    Nungambakkam

    Nungambakkam is a preferred choice for people heading (and also working) in various IT firms. This upscale area is close to prominent IT hubs and other significant landmarks of Chennai. And it also is home to various educational institutions and reputed colleges.

    Nungambakkam has a number of bus stops in the area. There is one each near Sankara Nethralaya, St. Theresa Church, Loyola College, Pushpa Nagar and US Embassy among others. The MRTS station is in Choolaimedu and the distance from Chennai Central railway station is only about 6 kilometre.

    Chennai is an old city and hasn’t seen much rise in the cost of living. Still, if you need help with security deposits or other emergency finances, Monexo would be the friend you can trust. Apart from instant loan and low interest rates, personal loans online by Monexo come with flexible EMI options.



    If you’re looking for an instant personal loan, apply at Monexo- P2P lending and enjoy hassle free borrowing.