The tournament will be held at the SDAT Tennis Stadium at Nungambakkam, said a press note from TNTA.
The Association of Tennis Professionals (ATP) and All India Tennis Association (AITA) have approved the event, it added.
The event will carry a prize money of US$ 50,000 and a number of international players and the top Indian players are expected to participate.
TNTA president M A Alagappan said "The tournament will benefit Indian players to improve their ranking and break into the top 100 in the world."