Salem Pin Codes: 5 Most Expensive Areas in Salem
If you're looking to move to Salem city, you might be curious about the cost of living in different areas. In this article, we'll take a look at the 5 most expensive pin codes to live in Salem city, including the name of the area, the cost of living, the average property rate, and the average cost of renting a 2BHK apartment.
Pin Code 636005: Alagapuram
The first pin code on our list is 636005, which covers the Alagapuram area. The cost of living in this area is relatively high, with a cost index of 67. This means that the cost of living is 67% higher than the national average. The average property rate in Alagapuram is around Rs. 6,500 per square foot, making it one of the most expensive areas in Salem city. If you're looking to rent a 2BHK apartment in Alagapuram, expect to pay around Rs. 15,000 per month.
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Pin Code 636007: Hasthampatti
The second pin code on our list is 636007, which covers the Hasthampatti area. The cost of living in this area is also high, with a cost index of 63. The average property rate in Hasthampatti is around Rs. 5,500 per square foot, making it slightly less expensive than Alagapuram. However, the average cost of renting a 2BHK apartment in Hasthampatti is slightly higher, at around Rs. 16,000 per month.
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Pin Code 636009: Narasothipatty
Moving on to the third pin code on our list, 636009 covers the Narasothipatty area. The cost of living in Narasothipatty is slightly lower than in the previous two areas, with a cost index of 58. The average property rate in Narasothipatty is around Rs. 4,500 per square foot, making it more affordable than Alagapuram and Hasthampatti. If you're looking to rent a 2BHK apartment in Narasothipatty, expect to pay around Rs. 14,000 per month.
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Pin Code 636011: Fairlands
The fourth pin code on our list is 636011, which covers the Fairlands area. The cost of living in Fairlands is lower than in the previous areas, with a cost index of 52. The average property rate in Fairlands is around Rs. 4,000 per square foot, making it even more affordable than Narasothipatty. However, the average cost of renting a 2BHK apartment in Fairlands is slightly higher, at around Rs. 16,500 per month.
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Pin Code 636016: Salem City
The final pin code on our list is 636016, which covers Salem City. While Salem City has a lower cost of living than the previous areas, with a cost index of 49, it still has an average property rate of around Rs. 3,500 per square foot. If you're looking to rent a 2BHK apartment in Salem City, expect to pay around Rs. 13,000 per month.
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Conclusion
The cost of living in Salem city varies significantly depending on the area you choose to live in. If you're looking for the most affordable option, Salem City is your best bet. However, if you're willing to spend a bit more for a more luxurious lifestyle, Alagapuram and Hasthampatti might be more suitable for you. Keep in mind that these are just average rates and costs, and there might be variations depending on factors such as the age of the property, location, and amenities.
FAQs
Besides the cost of living, you should also consider factors such as safety, proximity to your workplace, availability of public transportation, quality of schools, and access to amenities such as parks, restaurants, and shopping centers.
Yes, you might be able to find more affordable options by looking for older or smaller properties or negotiating with the landlord.
While there's no guarantee, some areas that are currently experiencing development or renovation might become more affordable in the future. Keep an eye on areas such as Suramangalam, Kondalampatti, and Ammapet.
Besides the rent, you might also have to pay for maintenance, utilities, security deposits, and broker fees. Make sure to clarify these costs with the landlord before signing a lease agreement.
It depends on your long-term goals. If you plan to stay in the area for a long time, buying a property might be a better investment. However, if you're not sure about your future plans, renting might be a more flexible option.
