The Cost of 3 BHK in Prestige Falcon City Chennai starts from ₹1.57 Crore and goes up to ₹2.29 Crore for the basic flat. This 23-acre project by the Prestige Group is located on the fast-growing Medavakkam–Sholinganallur Road in South Chennai. It offers 3 BHK flats at a starting rate of ₹13,000 per sq. ft.. You can pick a regular 3 BHK (3 Bedrooms + 3 Toilets) or a larger 3.5 BHK (3 Bedrooms + 3 Toilets + Study/Maid Room). The flat sizes range from 1,380 sq. ft. to 2,150 sq. ft.. When you add government taxes—like 5% GST, 7% Stamp Duty, and 2% Registration fees in Tamil Nadu—the final price comes to ₹1.75 Crore to ₹2.55 Crore.

Detailed 3 BHK Price List & Configuration Breakdown

Prestige Falcon City Chennai offers two main types of 3-bedroom flats across its 22 tall towers (2 Basements + Ground + 14 floors). This helps buyers choose a home that fits their family size and budget.

*Note: The starting rate of ₹13,000 per sq. ft. is an early offer. After the official launch, the base price will go up to ₹14,500 per sq. ft.

1. 3 BHK Compact (1,380 to 1,550 sq. ft.)

This flat is great for small families and IT workers near OMR. The plan uses space well and does not waste room on long halls. You get an entry area, a big living and dining room, three airy bedrooms, a kitchen with a washing area, and wide balconies that look out at green parks.

2. 3.5 BHK Large / Luxury (1,750 to 2,150 sq. ft.)

This layout is made for big families or people who want a home office or a helper's room. These flats have very big rooms and are mostly placed in the corners of the building. This gives you fresh air from two sides, a large balcony, and a clear view of the 80% open green space.

Complete Cost Sheet: Additional Charges Beyond the Base Price

When you check the final Cost of 3 BHK in Prestige Falcon City Chennai, looking only at the base price is not enough. When buying a new flat in Chennai, you also have to pay some government taxes and builder fees.

• Goods and Services Tax (GST): The government charges a flat 5% GST on the base price of flats that are still being built. For a ₹1.57 Crore flat, this adds about ₹7.85 Lakhs.
• Stamp Duty & Registration Charges: In Tamil Nadu, buyers must pay 7% Stamp Duty and 2% Registration Fee (a total of 9% of the flat's market value) when registering the home in their name.
• Floor Rise Charges: There are no extra charges for flats up to the 5th floor. From the 6th floor to the 14th floor, the builder charges an extra ₹50 to ₹100 per sq. ft. for each floor. Higher floors give you better views, more sunlight, and less noise from the road.
• Preferred Location Charges (PLC): If you choose a corner flat, an East or North-facing door, or a balcony facing the 70,000 sq. ft. clubhouse and swimming pool, you will pay a small extra fee (usually 2% to 3% of the base price).
• Corpus Fund & Advance Maintenance: When you get your keys, you need to pay 1 to 2 years of upkeep fees in advance (about ₹4 to ₹5 per sq. ft. each month). You also pay a one-time fund deposit used to take care of the project in the future.
• BESCOM / TNEB, Water & Piped Gas Charges: Getting connections for electricity, water, sewage pipes, and power backup usually costs between ₹1.5 Lakhs and ₹2.5 Lakhs, depending on your flat size.

Payment Plan & Home Loan EMI Estimate

Prestige Group uses a safe and clear Construction-Linked Payment Plan (CLP) that follows RERA rules. You do not have to pay all the money at once. Instead, you pay in small parts as the building gets built:

• Booking / EOI Stage: ₹5 Lakhs (A refundable booking deposit to hold your favorite flat and floor).
• Upon Allotment: 10% of the total price (minus the ₹5 Lakhs you already paid).
• Within 30 Days (Agreement Execution): Another 10% of the total price when you sign the agreement.
• During Construction (4.5 Years): 75% paid in equal steps as work moves forward—Foundation, Basements, Ground Floor, 1st to 14th Floor roofs, Brick walls, Flooring, and Plumbing.
• On Possession (Dec 2030 / 2031): The last 5% + Stamp Duty and Registration fees when you get the keys.

Monthly EMI Calculation: If you buy a 3 BHK Compact flat for ₹1.57 Crore and pay a 20% down payment (₹31.4 Lakhs) from your pocket, your bank loan will be around ₹1.25 Crore. At a normal bank interest rate of 8.5% for 20 years, your monthly EMI will be about ₹1,08,500 per month.

Why the 3 BHK Price in Prestige Falcon City Offers High ROI

When you compare Medavakkam with nearby areas in South Chennai, it is easy to see why buyers are booking flats here early:

• 80% Open Green Space: Most regular apartment buildings in Medavakkam cover 70% of the land with concrete. Prestige Falcon City keeps 80% of its 23 acres open for parks, walking paths, and gardens.
• 5-Minute IT Corridor Access: The project is right on the Medavakkam–Sholinganallur road near Gleneagles Global Health City. People living here can reach ELCOT SEZ, Wipro, TCS, and Cognizant in less than 10 minutes.
• Upcoming Metro Station: The new Chennai Metro Phase 2 line passes right through Medavakkam. This will easily connect you to St. Thomas Mount, Velachery, and the Chennai Airport (just 25 to 30 minutes away via the 200 Feet Radial Road).
• High Rental Yield: Because thousands of IT workers work in OMR and Perumbakkam, a 3 BHK in a safe Prestige project can easily get a monthly rent of ₹45,000 to ₹65,000 once it is ready.

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