Buying an Apartment for sale in Kelambakkam? Here’s What You’ll Need to Pay?

Planning to invest in a 3 BHK apartment for sale in Kelambakkam? Check out this detailed guide on apartment prices, additional costs like stamp duty and maintenance, financing options, and tips on choosing the right flat with modern amenities. Find your dream home in this serene yet urban location by making well-informed decisions.

Buying a 3 BHK flat in Kelambakkam is thrilling and challenging. The place is known for urban amenities as well as serenity, so buying a 3 BHK flat in Kelambakkam is in the list of most families and working professionals. Let’s know how much money would be needed in the pocket before buying such apartments. Here’s a detailed guide on what you’ll need to pay when buying an apartment in this area.

Understanding Apartment Prices

The cost of apartments for sale in Kelambakkam varies significantly based on factors such as location, amenities, and the developer. Currently, prices for 3 BHK flats in Kelambakkam range from approximately ₹38 lakhs to over ₹1 crore, depending on the specifics of the property. For instance:

Incor Pbel City has a semi-furnished 3 BHK flat located close to a big landmark. It costs as much as 85 lakhs.

For apartments in Lotus Pond, the option ranges at 40 lakhs along with necessary and important facilities.

Price Trends

As of early 2025, the average price per square foot in Kelambakkam is around ₹4,800. This reflects a steady increase over the past few years, indicating a growing demand for residential properties in the area. When considering your budget, it’s essential to factor in both the total price and the size of the apartment.

Additional Costs to Consider

All the additional costs apart from the purchase price for your new home must be considered in the budget.

1. Stamp Duty and Registration Fees: Stamp duty ranges from 5% to 7% depending on the state regulations. The registration fee is about 1% of the value of the property.
2. Home Loan Processing Fees: If you’re financing your purchase with a home loan, lenders may charge processing fees that can vary from 0.5% to 1% of the loan amount.
3. Maintenance Charges: Newly constructed apartments often come with maintenance fees that cover common area upkeep and amenities. This can range from ₹1,000 to ₹3,000 per month.

4.Insurance: It is prudent to keep your property insured against unforeseen events. Home insurance premiums vary depending on the coverage provided but start from about ₹3,000 a year.

5. Interior Decoration and Furnishing: This will depend on whether you opt for a furnished or an unfurnished apartment. You will need to budget for interior decoration and furnishing costs.

Financing Your Apartment Purchase

If you are looking to purchase an apartment for sale in Kelambakkam with a home loan, the following are some of the important steps:

Check Your Eligibility: The lender usually takes into account your income, credit score, and existing liabilities to determine your eligibility for a loan.

Compare Interest Rates: Interest rates vary from bank to bank; it is advisable to compare the interest rates with processing fees and other charges.

Pre-approval Process: Getting pre-approved for a loan can provide a clearer sense of budgeting and ease up the buying process.

Buying the Right Flat

In terms of looking at an apartment for sale in Kelambakkam, look into these aspects:

Location: It should ideally be close to the workspace, schools, hospitals, and access to public transportation for enhanced lifestyle.

Amenities: Choose apartments that have modern amenities like pools, the gym, parks, and security features.

Builder Reputation

Repute of the builder saves one from all kinds of issues later on. Builders’ reputations can be sought through reviews and feedback from previous buyers.

Conclusion

Purchasing 3 bhk flats in Kelambakkam is more than just getting a place to stay; it is an investment that will fulfill your lifestyle requirements. With such a wide price range and different additional costs, proper research and planning are important. Whether it is semi-furnished or ready-to-move-in flats, understanding what you have to pay for will help you make the right decision.

Every single aspect, be it market trends or budgeting for additional expenses, counts as you strive to find apartment for sale in Kelambakkam.