Chennai is increasingly becoming home to multi-millionaires which has shown the highest growth in demography for this group in the country. If you study their geographic distribution within the city, it can be determined that there is clear bias in the location where they decide to settle. We have made a list of specific location that seem to be called the Millionaires Address!
Interestingly, you can also notice that these areas / localities are also the best places in Chennai to settle down.
1. Boats Club Road
Boats club seems to be the preferred location for millionaires in Chennai. The area is near the mouth of the Adyar river and is surrounded by lush greens. Being a millionaire would not even get you close to this boundary. The land value in this part of the city easily touches 10 crores / ground. Needless to say that the government official guideline value is the highest in the city. It is considered among the costliest areas in India or even Asia according to Forbes. The area is home to many famous business men and expats.
Few years back one of the challenges in assessing the Guideline Value for Boats Club road was that, the assessing officers could not arrive at a value as land in this part of the region rarely transfers hands.
This locality is home to many expats and many staff of the US and South Korean embassies. Anna Alumni Club and the Commando school are some of the attractions of this area. (Not for anyone to enter ofcourse!) The calm streets with extremely dense canopy are the trademarks of this magnificent place in the city.
2. Santhome
Santhome is located not too far from the the Boats Club area and is closer to the Adyar Creek. The area is within a km of the Marina Beach which is Asia’s second largest beach. The area is surrounded by famous monuments like the Santhome Church and Mylapore temple on the other side. The breathtaking view of the Bay of Bengal from some of the High buildings in this region is brilliant.
Unlike the Boats club, Santhome is a mixed demographic neighborhood. On one-side you have public housing and on the other hand you have MRC Nagar which is home to many uber rich of the city.
The place is home to San Thome Basillica, St Bedes, Chettinad School to name a few.
3. Anna Nagar
Anna Nagar is considered to be one the first few planned neighborhoods in Chennai. Located in the western part of the city, Anna Nagar is blessed of plenty of Green areas. The guideline value is among the highest in the City. The area has some of the quietest streets and best cul-de-sac in the City. Wider roads and better grids make for great balanced traffic flows. The area is home to some of the whose who of the City.
4. Mylapore
Mylapore is considered to be one oldest neighborhoods in Chennai. The area has such a long embellishment and inseparable with the History of Chennai and the Indian independence movement. Located in the Central part of Chennai this area is also considered as the temple sub capital of Chennai due to many temples is the area. The guideline value is among the highest in the City. The area is home to some of the whose who of the City.
5. Nungambakkam
Nungambakkam is considered to be one oldest neighborhoods in Chennai. Many British during the Colonial days settled here. You can still see the british design feel in many streets here. It is located in the Central part of Chennai. The guideline value is among the highest in the City. The area is home to some of the whose who of the City and many companies of global repute.
6. Adyar
Adyar is considered to be one oldest neighborhoods in Chennai. Many British during the Colonial days settled here. You can still see the British design feel in many streets here. It is located in the Southern part of Chennai. The guideline value is among the highest in the City. The area is home to some of the whose who of the City and many companies of global repute.
7. Besant Nagar
Besant Nagar is considered to be one oldest neighborhoods in Chennai. Many British during the Colonial days settled here. You can still see the British design feel in many streets here. It is located in the Southern part of Chennai. The guideline value is among the highest in the City. The area is home to some of the whose who of the City and many companies of global repute.
8. Thiruvanmiyur
Thiruvanmiyur is considered to be one oldest neighborhoods in Chennai. Many British during the Colonial days settled here. You can still see the British design feel in many streets here. It is located in the Southern part of Chennai. The guideline value is among the highest in the City. The area is home to some of the whose who of the City and many
companies of global repute.
9. Vadapalani
Vadapalani is considered to be one oldest neighborhoods in Chennai. Many British during the Colonial days settled here. You can still see the British design feel in many streets here. It is located in the Western part of Chennai. The guideline value is among the highest in the City. The area is home to some of the whose who of the City and many companies of global repute.
10. Egmore
Egmore is considered to be one oldest neighborhoods in Chennai. Many British during the Colonial days settled here. You can still see the British design feel in many streets here. It is located in the Northern part of Chennai. The guideline value is among the highest in the City. The area is home to some of the whose who of the City and many companies of global repute.