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Hi Balamurugan, Central London is quite expensive and you need to budget an average of 500 pounds to get good accommodation. In general, most Universities will have a deartment which will assist you to find accommodation or check with your consultant who is assisting you. I can also give you a private provider who can help you find accommodation in UK. Check www.themansiongroup.co.uk which also has a office in Chennai who can assist you with accommodation.
If you want slightly lower accommodation, stay a little away from London, about an hour away and you can get it for as lower a 300 GBP a month. But then you need to consider factor like travel cost, travel time wasted, vis a vis cost of accommodation. Strike an ideal balance.
All the best.