Home Loan EMI Calculator for Chennai
Average property price per sq ft, 2BHK/3BHK cost breakdown, stamp duty rates, and required monthly EMI in Chennai.
₹6,200
Residential average
₹62.00 L
1,000 sq ft flat
9%
Upfront government fee
₹43,044
20 yrs @ 8.5%
Buying Property & Taking a Home Loan in Chennai
- In Chennai, the average residential property rate is ~₹6,200/sq ft. A typical 1,000 sq ft 2BHK apartment costs approximately ₹62.0 Lakhs.
- With a 80% loan-to-value (LTV) ratio, your required home loan amount is ₹49.6 Lakhs, resulting in an estimated monthly EMI of ₹43,044 over 20 years at 8.5%.
- Stamp duty & registration charges in Chennai stand at approx 9%, requiring an upfront out-of-pocket payment of ~₹5.58 Lakhs in addition to your 20% down payment.
Calculate Your Custom Home Loan for Chennai
EMI Calculator 2026
Calculate your loan EMI, interest, and repayment schedule
EMI Calculator Summary
- Loan EMI
- Total Interest Payable
- Total Payment (Principal + Interest)
- one crore sixty lakh fifty nine thousand seven hundred and twenty one rupees only
Interest Exceeds Principal
You will pay more in interest than the actual loan amount borrowed.
EMI Payment / Year
Your Repayment/Breakup Details (Monthly)
Your debt repayment schedule in regular instalments over a period of time.
| Year | Principal Paid | Interest Paid | Total Payment | Balance |
|---|---|---|---|---|
| ₹13,582 | ₹53,333 | ₹66,915 | ₹79,86,418 | |
| Dec | ₹13,582 | ₹53,333 | ₹66,915 | ₹79,86,418 |
| ₹1,70,218 | ₹6,32,762 | ₹8,02,980 | ₹78,16,200 | |
| ₹1,84,346 | ₹6,18,634 | ₹8,02,980 | ₹76,31,854 | |
| ₹1,99,647 | ₹6,03,333 | ₹8,02,980 | ₹74,32,208 | |
| ₹2,16,217 | ₹5,86,763 | ₹8,02,980 | ₹72,15,990 | |
| ₹2,34,163 | ₹5,68,817 | ₹8,02,980 | ₹69,81,827 | |
| ₹2,53,599 | ₹5,49,381 | ₹8,02,980 | ₹67,28,229 | |
| ₹2,74,647 | ₹5,28,333 | ₹8,02,980 | ₹64,53,582 | |
| ₹2,97,443 | ₹5,05,537 | ₹8,02,980 | ₹61,56,139 | |
| ₹3,22,130 | ₹4,80,850 | ₹8,02,980 | ₹58,34,008 | |
| ₹3,48,867 | ₹4,54,113 | ₹8,02,980 | ₹54,85,142 | |
| ₹3,77,823 | ₹4,25,157 | ₹8,02,980 | ₹51,07,319 | |
| ₹4,09,182 | ₹3,93,798 | ₹8,02,980 | ₹46,98,137 | |
| ₹4,43,144 | ₹3,59,836 | ₹8,02,980 | ₹42,54,993 | |
| ₹4,79,924 | ₹3,23,056 | ₹8,02,980 | ₹37,75,069 | |
| ₹5,19,758 | ₹2,83,222 | ₹8,02,980 | ₹32,55,311 | |
| ₹5,62,898 | ₹2,40,082 | ₹8,02,980 | ₹26,92,413 | |
| ₹6,09,618 | ₹1,93,362 | ₹8,02,980 | ₹20,82,795 | |
| ₹6,60,216 | ₹1,42,764 | ₹8,02,980 | ₹14,22,579 | |
| ₹7,15,013 | ₹87,967 | ₹8,02,980 | ₹7,07,566 | |
| ₹7,07,566 | ₹28,620 | ₹7,36,186 | ₹0 |
Formula used by EMI Calculator
R is the annual interest rate divided by 12 and then by 100. Each month the interest charged is the outstanding balance × R, and the rest of the EMI repays principal, so the interest share of the same EMI falls every year. At 0% interest the EMI is simply P / n. The same figures in Excel or Google Sheets, for the first month:
Monthly EMI=PMT(8/1200, 240, -8000000) → ₹66,915
Interest Paid for first month=IPMT(8/1200, 1, 240, -8000000) → ₹53,333
Principal Paid for first month=PPMT(8/1200, 1, 240, -8000000) → ₹13,582
References
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