Nungambakkam / MRC Nagar is a trophy-tier Chennai submarket with average asking rent around ₹168/sqft/mo · ≈ $24.2 PSF/yr USD.

  • Average asking rent: ₹168/sqft/mo · ≈ $24.2 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ₹170/sqft/mo · ≈ $24.5 PSF/yr USD ($24 USD).
  • Citywide vacancy: 12.4% — submarket-level availability is typically tighter at trophy tier.

Nungambakkam / MRC Nagar, Chennai office rents and availability

Nungambakkam / MRC Nagar is a trophy-tier Chennai submarket with average asking rent around ₹168/sqft/mo · ≈ $24.2 PSF/yr USD.

TL;DR

  • Average asking rent: ₹168/sqft/mo · ≈ $24.2 PSF/yr USD.
  • Tier: trophy.
  • Citywide Class A rent context: ₹170/sqft/mo · ≈ $24.5 PSF/yr USD ($24 USD).
  • Citywide vacancy: 12.4% — submarket-level availability is typically tighter at trophy tier.

Where rent sits

Nungambakkam / MRC Nagar averages around ₹168/sqft/mo · ≈ $24.2 PSF/yr USD for Class A, against a citywide Class A index of 170. As a trophy submarket, rent runs above the city average and availability is structurally tight.

Availability dynamics

Heritage banking and trophy core. Banking (Standard Chartered, ICICI), professional services, consulates.

Key facts

cityChennai
submarketNungambakkam / MRC Nagar
tiertrophy
averageRentLocal₹168/sqft/mo · ≈ $24.2 PSF/yr USD
cityClassARentUsd$24/sqft/yr
cityVacancyPct12.4%

Frequently asked questions

What is the average Class A rent in Nungambakkam / MRC Nagar, Chennai?
Around ₹168/sqft/mo · ≈ $24.2 PSF/yr USD. The citywide Class A index sits at ₹170/sqft/mo · ≈ $24.5 PSF/yr USD.

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Editorial provenance

Reviewed by Class A Atlas Editorial Desk — House byline · global editorial team. Last updated 2026-04-15. See our methodology and editorial standards.

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