Prestige Palm Court Price

Prestige Palm Court price starts at ₹72 Lakhs for 1 BHK apartments in Madhavaram, North Chennai. The price of 1 BHK units measuring 650 sq. ft. starts at ₹72 Lakhs. The price of 2 BHK apartments measuring 1,137 to 1,175 sq. ft. starts at ₹1.25 Cr. The 3 BHK + 2T units of 1,521 to 1,557 sq. ft. start at ₹1.60 Cr, while the larger 3 BHK + 3T apartments of 1,827 to 1,887 sq. ft. start at ₹1.99 Cr. The indicative pre-launch base rate ranges from ₹10,500 to ₹11,500 per sq. ft.

The final Prestige Palm Court apartment price depends on the unit size, floor level, tower, facing and selected layout. The 7.98-acre project has 910 apartments across 5 high-rise towers with 2B+G+22 floors. Unit sizes range from 650 to 1,887 sq. ft. The project is awaiting TNRERA approval (expected December 2026), and possession is planned for 31 December 2030. The EOI window opens on 01 October 2026, with the pre-launch event the same day and the official launch on 15 October 2026.

The prices mentioned on this page are indicative pre-launch prices. Buyers should check the official cost sheet before booking.

Prestige Palm Court Price in Madhavaram:

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 sq. ft.	₹72 Lakhs Onwards
2 BHK	1,137 – 1,175 sq. ft.	₹1.25 Crores Onwards
3 BHK + 2T	1,521 – 1,557 sq. ft.	₹1.60 Crores Onwards
3 BHK + 3T	1,827 – 1,887 sq. ft.	₹1.99 Crores Onwards

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Complete Costing Details

The table shows the indicative starting price for each apartment type. The final amount may change based on the exact area, floor, tower location, facing and applicable launch offer.

Important Price Notes

• Floor Rise: Units on higher floors may attract an additional floor-rise charge.
• 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: Car parking charges will be added separately as shown in the final cost sheet.

Preferential Location Charges (PLC)

Some apartments may carry a Preferential Location Charge over the base rate. This can apply to selected corner units, garden-facing homes, amenity-facing apartments or units with a preferred orientation.

The exact PLC amount is based on the specific unit and the tower. The cost sheet shared at the time of booking will show the full breakup of these charges.

Prestige Palm Court Costing Breakdown

Prestige Palm Court is currently in the pre-launch stage, and the indicative prices may be revised at the official launch or during later sales phases. A detailed cost sheet will be provided during the booking process.

The total cost consists of:

• Base price based on the super built-up area
• Car parking and clubhouse membership charges
• Maintenance deposit for community upkeep
• GST and also Registration Charges
• Floor-rise charge, if applicable
• Preferential Location Charge, if applicable
• Legal, documentation and utility charges

Prestige Palm Court Booking Amount and Payment Plan

The Expression of Interest amount is ₹1 Lakh and is stated to be fully refundable during the pre-launch stage. The EOI is used to register the buyer’s interest and preferred apartment type. It is separate from the final booking amount.

The proposed payment plan is:

The final payment schedule will be confirmed in the official agreement and cost sheet.

EMI and Home Loan Planning

Home-loan eligibility depends on the buyer’s income, credit score, existing loans, property value and the lender’s policy. Bank approvals should be checked after the project receives the required legal and RERA approvals.

For example, a 2 BHK apartment starting at ₹1.25 Cr with a 20% down payment would require a loan of around ₹1 Cr. At an illustrative interest rate of 8.5% for 20 years, the EMI would be approximately ₹86,800 per month. The actual EMI will change based on the final interest rate and loan tenure.

GST on Prestige Palm Court Apartments

GST is generally charged at 5% on non-affordable under-construction residential apartments, as per prevailing government rules. It is calculated separately from stamp duty and registration charges.

GST treatment can change based on the project category and government rules in force at the time of payment. Buyers should confirm the applicable amount in the official cost sheet.

Stamp Duty and Registration Charges

Stamp duty and registration charges are payable separately in Tamil Nadu. The existing estimate used for a standard sale deed is 7% stamp duty and 4% registration charges, taking the total to around 11% of the applicable property value.

For a ₹1 Cr apartment, stamp duty and registration together may add approximately ₹11 Lakhs. The final amount can depend on the agreement value, guideline value, document type and government rates applicable at the time of registration.

Investment Value at Madhavaram

Madhavaram is one of the growing residential and industrial zones in North Chennai. The area benefits from its proximity to Ambattur Industrial Estate, Perambur, Puzhal and the upcoming Madhavaram Metro network.

• Metro Advantage: Chennai Metro Phase II connects Madhavaram through Corridor 3 towards SIPCOT and Corridor 5 towards Sholinganallur. Better metro access can support future residential demand, but a fixed percentage of price growth cannot be guaranteed.
• Rental Demand: Professionals working in Ambattur, Perambur, Puzhal and nearby logistics and industrial hubs support rental demand in the area.
• Price Trend: Apartment prices vary based on the builder, road access, project size, amenities and construction stage. Branded gated communities may be priced above the general locality average.

Investment Verdict

With pre-launch prices starting at ₹72 Lakhs in 2026, Prestige Palm Court provides four apartment options for buyers with different space and budget needs.

The project may benefit from its GNT Road location, Prestige Group brand, 7.98-acre site and planned Metro Phase II connectivity. However, future appreciation and rental returns will depend on construction progress, infrastructure completion and market demand.

How Prestige Palm Court Price Compares to Nearby Projects

The base rate, working out to between ₹10,500 and ₹11,500 per sq. ft. across the apartment configurations, is positioned above the general Madhavaram locality average.

The higher pricing reflects the Prestige brand, 7.98-acre gated development, 5 high-rise towers, 75% planned open space, a 50,000 sq. ft. clubhouse and more than 50 amenities. While some standalone buildings in Madhavaram offer lower rates, Prestige Palm Court provides a larger community format with gated security. Buyers should compare the complete cost, apartment size, possession date, amenities and builder track record instead of comparing only the base rate.

Prestige Palm Court offers a 7.98-acre landscape, 75% open spaces and a grand clubhouse. Smaller projects may have a lower purchase price but may not provide the same scale of open space and common facilities.

Price of Apartments in North Chennai

North Chennai has transformed into a preferred real estate zone. The presence of Grand Northern Trunk Road, industrial parks and metro expansion has boosted residential demand. Areas like Madhavaram, Perambur and Kolathur offer apartments across different price ranges.

Apartment rates depend on the location, builder, project age, road access and available amenities. Standalone buildings are usually priced lower, while premium gated communities may command a higher rate.

Rental demand is supported by professionals working in Ambattur Industrial Estate and the logistics hubs of Puzhal. Actual rent depends on the apartment size, furnishing, community facilities and distance from employment centres.

Chennai Real Estate Trends

The Chennai real estate market remains supported by growth in manufacturing, IT, logistics and infrastructure. Apartment prices vary greatly between outer suburbs, established residential areas and premium city locations.

Buyers should compare the total purchase cost, project approvals, possession date and location benefits instead of relying only on broad city-level price trends.

Current Price Trends in Madhavaram

Madhavaram has shown steady residential development in recent years. The main reasons include GNT Road connectivity, Moolakadai Flyover, Chennai Metro Phase II and access to employment hubs in North and West Chennai.

Current property portals place the average listed apartment rate in Madhavaram at around ₹7,500 to ₹7,650 per sq. ft. Individual projects can range higher based on the builder, amenities, construction status and exact location.

Prestige Palm Court’s indicative base rate of ₹10,500 to ₹11,500 per sq. ft. places it in the premium branded-project segment of the Madhavaram market.