Neural Network is used as a tool for estimating interconnection wire-length in VLSI standard cell placement problem. Conventional methods for estimating the interconnection wire-length viz., Bounding Rectangle method, provide inaccurate estimate of the interconnection wire-length and does not depict the interconnection procedure in a layout and separates routing and placement tasks distinctly. The proposed mechanism utilizes the neural network characteristics in understanding the functional mapping between input and output, to estimate the interconnection wire-length. Experiments were performed for different number of cells with varying complexity of interconnections. In all the cases, the performance of the Neural Network is found to be superior to the results obtained using Bounding Rectangle procedure.