Prestige Palm Court Price
Prestige Palm Court price starts at ₹65 Lakhs for a 1 BHK premium apartment of 650 sq. ft. at Grand Northern Trunk Road, Madhavaram, North Chennai. The base rate for the pre-launch phase is around ₹7,500 per sq. ft. The project is awaiting RERA approval. It has a set possession date of December 2029.
The final price depends on the unit size, floor level, and specific layout. The project spans 8 acres as well as offers 900 apartments across 4 high-rise towers. Options range from 1 BHK at 650 sq. ft. to 3 BHK premium units at 2,433 sq. ft., giving that buyers with different budgets can find a home that fits their needs.
Phase 1: Unit-Wise Price Details
The updated pricing structure for Prestige Palm Court Madhavaram units is given below.
| Unit Type | Approx. Size (sq. ft.) | Approx. Price Range (Rs.) |
|---|---|---|
| 1 BHK | 650 – 850 sq. ft. | ₹65 Lakhs – ₹85 Lakhs |
| 2 BHK | 1150 – 1350 sq. ft. | ₹98 Lakhs – ₹1.15 Crores |
| 3 BHK | 1500 – 1650 sq. ft. | ₹1.20 Crores – ₹1.45 Crores |
| 3 BHK Large | 1850 – 2433 sq. ft. | ₹1.50 Crores – ₹1.98 Crores |
Important Price Notes
- Floor Rise: Units on higher floors attract a "floor rise" charge for better city views and ventilation.
- Base Pricing: Please note that the figures listed above are base prices only.
- Statutory Costs: Government charges, such as registration fees and stamp duty, are extra.
- Parking: Charges for car parking depend on the specific type of slot you choose.
Preferential Location Charges (PLC)
Some units carry a Preferential Location Charge over the base rate. This applies to corner units, park-facing homes, as well as apartments on higher floors with better views of the North Chennai skyline. The exact PLC amount is based on the specific unit and also the tower. The cost sheet shared at the time of booking will show the full breakup of these charges.
Prestige Palm Court Costing Breakdown
As a pre-launch project in 2026, the current rates are lower than the prices expected after the official launch. A detailed cost sheet is given during the booking process to create full transparency. The total cost consists of
- Base Price which is based on the super built-up area
- Car Parking & Clubhouse Membership Fees
- Maintenance Deposit for the community upkeep
- GST and also Registration Charges
EMI and Home Loan Planning
Prestige Group has tie-ups with major banks for home loans at Prestige Palm Court. For a ₹1.10 Cr 2 BHK with a 20% down payment, the loan amount would be ₹88 Lakhs. At an interest rate of 8.5% over 20 years, the EMI works out to approximately ₹76,300 per month. Buyers can check their eligibility which is based on income, CIBIL score, and existing liabilities before booking.
GST on Prestige Palm Court Apartments
GST at 5% applies to the property value for under-construction residential units. This is charged as per current government norms. Once possession is handed over and the completion certificate is received, GST does not apply to resale transactions. Stamp duty as well as registration charges are calculated separately which is based on the agreement value.
Stamp Duty and Registration Charges
In Tamil Nadu, for 2026, stamp duty is 7% of the property value, and registration charges are 4%. Together, these can add an extra 11% to the total cost of the apartment. For a ₹1 Cr apartment, stamp duty as well as registration together add approximately ₹11 Lakhs. These are paid at the time of registering the sale deed and are separate from the apartment's base cost sheet.
Investment Value at Madhavaram
Madhavaram is one of the fastest-growing residential and industrial zones in North Chennai. As of 2026, the area is seeing a surge in demand because of its proximity to the Ambattur Industrial Estate and the upcoming Madhavaram Metro Station.
- Metro Advantage: The Chennai Metro Phase 2 hub at Madhavaram is expected to be operational by 2028-2029, adding a 15–20% price premium.
- Rental Yields: Current rental yields in the Madhavaram area are reaching 3.5% to 4.5%, driven by professionals working in the nearby industrial and logistics hubs.
- Appreciation Trend: The market is currently seeing a 10–15% Year-on-Year (YoY) growth in property rates.
| Metric | Current 2026 Trend |
| Average Property Rate | ₹7,500 – ₹8,500 per sq. ft. |
| Rental Yield | 3.5% – 4.5% |
| 2 BHK Monthly Rent | ₹18,000 – ₹30,000 |
| Projected Appreciation | High (linked to Metro completion) |
Investment Verdict
With pre-launch prices starting at ₹75 Lakhs in 2026, early investors are securing homes at a highly competitive rate. By the time the Madhavaram Metro Station on the Phase 2 Blue Line is fully operational and the project is completed in December 2029, property values in this corridor are expected to see significant growth. This infrastructure gap provides a unique window for early buyers to gain from capital appreciation.
How Prestige Palm Court Price Compares to Nearby Projects
The base rate of ₹7,500 per sq. ft. is competitively positioned against other high-end residential launches in North Chennai. While some standalone buildings in Madhavaram offer very lower rates, Prestige Palm Court provides a much larger 10-acre township scale with gated security. This makes it a stronger long-term value choice compared to the unbranded projects.
Prestige Palm Court offers an 8-acre landscape, 80% open spaces, and a grand clubhouse at a rate that is lower than most of its direct competitors. While smaller projects like DRA Polaris may seem close in price, they often lack the extensive amenity depth and the brand resale value that the Prestige Group provides.Price of Apartments in North Chennai
North Chennai has transformed into a preferred real estate zone. The presence of the Grand Northern Trunk Road (NH-5), large industrial parks, and the metro expansion has boosted demand. Areas like Madhavaram as well as Perambur are seeing steady price growth every year.
In North Chennai, apartment prices always start from ₹5,500 per sq. ft. in developing pockets. In well-planned zones with better road access, prices go up to ₹11,000 per sq. ft. Better infrastructure as well as upcoming metro lines continue to support this steady rise in values.
Rental demand is also very strong in this region. Many professionals working in the Ambattur Industrial Estate and the logistics hubs of Puzhal choose to live here. This keeps both the resale value and the monthly rental income stable for investors.
Chennai Real Estate Trends
The Chennai real estate market remains strong as well as stable in 2026. Growth in the manufacturing and IT sectors, along with new metro routes, drives property prices upward. Every year, several new residential projects are launched to meet the growing housing need.
Apartment prices in Chennai vary greatly by area. Entry-level homes in outer suburbs start from ₹45 Lakhs. Well-developed premium zones see prices cross ₹3 Crores for larger homes. Rental income ranges from ₹15,000 to ₹75,000 per month, which is based on the unit size and locality. Because of this steady growth, Chennai continues to attract many first-time homebuyers and long-term investors.
Current Price Trends in Madhavaram
Madhavaram has shown very steady price growth in recent years. The main reasons are the Moolakadai Flyover, the metro hub status, and the presence of the Madhavaram Botanical Garden. The area is also less crowded than the central parts of the city.
Here are the current average rates in Madhavaram (2026)
- Apartments: ₹7,200 – ₹9,500 per sq. ft.
- Residential Plots: ₹3,500 – ₹6,500 per sq. ft.
- Commercial Land: ₹8,500 – ₹15,000 per sq. ft.
These rates are expected to rise further as the Chennai Metro Phase 2 work nears completion, making Madhavaram one of the most connected hubs in the city.
Frequently Asked Questions
1. What are the different unit configurations available at Prestige Palm Court?
Prestige Palm Court offers a great range of apartment types to suit various family sizes. You can choose from elegant 1, 2, 3, and 3 BHK Large configurations. These units are spread across 4 high-rise towers, offering contemporary architecture as well as efficient space management.
2. What is the size range for the apartments in this project?
The floor plans are designed to provide both compact and expansive living options. The sizes generally range from 650 sq. ft to 1,850 sq. ft., with some premium variants reaching up to 2,433 sq. ft. This ensures that whether you are a young professional or part of a large joint family, there is a layout that fits your needs.
3. Are the floor plans at Prestige Palm Court Vaastu-compliant?
Yes, all residential units are Vaastu-compliant. The layouts are engineered to enhance the flow of positive energy, focusing on the strategic placement of entrances, kitchens, and master bedrooms. This design philosophy also ensures that every home receives maximum natural light and 270-degree ventilation.
4. What does "Zero Dead Space" mean in these floor plans?
The "Zero Dead Space" design is a hallmark of Prestige Group. It means the floor plans are meticulously drafted to ensure that every square inch of the carpet area is usable. You won't find awkward corners or long, wasted corridors, allowing for better furniture placement and a more open, airy feel within the apartment.
5. How does the floor plan give better privacy for the residents?
Privacy is a core feature of the Prestige Palm Court architectural layout. The towers are positioned with adequate gaps to prevent balconies from facing each other directly. Additionally, the internal unit designs ensure that no two apartment entrances face each other, reducing noise as well as visual disturbance from the common corridors.
6. What is the starting price of apartments at Prestige Palm Court?
As of the 2026 pre-launch phase, the starting price is ₹65 Lakhs for a 1 BHK unit. This is the base price for the smallest configuration, which is around 650 sq. ft. Prices differ depending on the total area, floor level, and specific view of the apartment.
7. Are there any extra charges over the base price?
Yes, the total cost includes more than just the base price. Buyers need to account for statutory costs like 7% stamp duty and 4% registration charges in Tamil Nadu. Additional charges include car parking, clubhouse membership, GST (5%), as well as a maintenance deposit for the society.
8. Does the floor level affect the total price of the flat?
Prestige Palm Court follows a floor rise pricing model. Units on higher floors are generally priced higher than those on lower floors because they offer better ventilation, more natural light, and superior views of the Madhavaram skyline and the Botanical Garden.
9. Is there a Preferential Location Charge (PLC) for specific units?
A Preferential Location Charge (PLC) applies to some premium units. This includes corner apartments, homes facing the internal gardens or swimming pool, as well as units with exact Vaastu-compliant orientations. The exact PLC amount is provided in the cost sheet during booking.
10. Can I get a home loan for this project from major banks?
Absolutely. Since it is a Prestige Group project, major nationalized and private banks like SBI, HDFC, ICICI, and Axis Bank have tie-ups for home loans. Buyers can benefit from competitive interest rates as well as flexible EMI plans, with loans covering up to 80% of the property value based on eligibility.
Related Price Information
