Tamil Nadu Hostels and PGs to Raise Rent by 10% Due to LPG Price Surge
Hostels & PGs in Tamil Nadu to increase rent by 10% From May 5, as commercial LPG cylinder prices rise
The Times Of IndiaImage: The Times Of India
Starting May 5, rents for hostels and paying guest accommodations in Tamil Nadu will increase by approximately 10% due to rising commercial LPG cylinder prices. This adjustment affects students and working professionals, with monthly rates for shared rooms now ranging from ₹6,500 to ₹9,000.
- 01Rents for hostels and PGs in Tamil Nadu will rise by 10% from May 5.
- 02Monthly rates for four-sharing rooms will now range from ₹6,500 to ₹7,500.
- 03The price of a 19kg commercial LPG cylinder has surged from ₹1,899 in February to ₹3,258 in May.
- 04Many hostels have reduced food services due to increased cooking costs.
- 05Residents are feeling the immediate financial impact of these changes.
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In Tamil Nadu, the Tamil Nadu IT Hostel & PG Owners Welfare Association has announced a 10% increase in rents for hostels and paying guest accommodations, effective May 5. This decision follows a significant rise in commercial LPG cylinder prices, which have jumped from ₹1,899 in February to ₹3,258 in May, with black market prices reaching ₹6,000-7,000. The revised monthly tariffs for shared accommodations will now be between ₹6,500-7,500 for four-sharing, ₹7,000-8,000 for three-sharing, and ₹8,000-9,000 for two-sharing setups. Many operators have already started cutting food services, citing the high costs of cooking fuel. Residents, including students and professionals, are expressing concerns over the rising costs and the immediate impact on their budgets, with some stating they now rely on ready-to-eat meals due to the increased expense of eating out.
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The rent increase will place additional financial strain on students and working professionals who rely on affordable accommodation options.
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