Much study has been carried out to determine the properties of Lamellar Graphite Iron (LGI) or grey iron and their relations to factors such as the cooling rate, the dendrite morphology, the pouring temperature, and so on. However, there hasn’t been much comprehensive study on the properties of LGI outside the generally used and accepted composition, with 1 to 3% Silicon. The scope of this study is to measure and evaluate the thermal conductivity and tensile strength of LGI, for a higher concentration of  Si and different carbon contents. The concentration of Si aimed for was 4% but the concentration obtained after spectroscopy was between 4.1% to 4.15%. There are two hypereutectic, one near-eutectic and three hypoeutectic samples considered and these six chemical compositions were cast under different cooling conditions . The cooling time has been varied by providing different molds of 30mm, 55mm, and 80mm diameter cylinders respectively, for all the six sample compositions. The microstructure analysis carried out studies the segregation of Si, the graphite morphology, primary austenite morphology. These factors are then compared to the thermal and tensile behavior measured in this study. It can be observed that the thermal conductivity studied in the present work has a direct correlation for a higher Si content and tends to be greater than the thermal conductivity values observed from other studies with lower content Of Si. However, the conductivity shows an inverse relation with the cooling rate and is maximum for the samples with the lowest cooling rate. The tensile strength, on the other hand, seems to have a lower value than that observed in previous studies for LGI with 1 to 3% Si, but shows a direct correlation with the cooling rate. The mean area fraction of dendrites obtained and the mean interdendritic hydraulic diameter is also measured and their influence on the properties are also studied. The addition of more Si has greatly favored the thermal behavior positively but has also reduced the tensile strength.