Elthuruth, Thrissur – 4 Cent West-Facing House with Compound Wall

84% Match for You

Ward 53 - Elthuruth, Thrissur Corporation, Thrissur, Corporation

₹ 2,500,000 25 Lacs

Property Highlights

4 cents
Plot Area
1
Bedrooms
1
Bathrooms
300
Sq.ft
1021
Property ID

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Discover the Space

Presenting a compact independent house situated on a 4-cent plot within Ward 53 of Elthuruth, Thrissur Corporation. This west-facing property, constructed in 1970, features a 300 sq ft single-floor dwelling with one bedroom and one bathroom. Secured by a compound wall and gate, it offers a foundational structure for potential renovation or as a prime land acquisition. This owner-listed asset provides a straightforward investment opportunity in a well-established Thrissur locality.

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Quick Facts

Listed byOwner
Year Built1970
Property TypeIndependent House
Total Floors1
FurnishingUnfurnished

About Elthuruth, Thrissur

Elthuruth, a vibrant ward under the jurisdiction of the Corporation, presents a compelling blend of traditional charm and modern convenience, making it a desirable residential area. Generally known for its peaceful atmosphere and strong sense of community, the ward boasts a reputation as a safe and family-friendly neighborhood. Residents benefit from a comprehensive range of amenities, including accessible educational institutions catering to various age groups, well-equipped healthcare facilities providing comprehensive medical services, and bustling marketplaces offering a variety of goods and services for daily needs. Public transportation is readily available, ensuring seamless connectivity within the ward and to neighboring areas, further enhancing the quality of life for its inhabitants.

The lifestyle in Elthuruth is characterized by a relaxed pace, with a strong emphasis on community engagement and cultural preservation. The demographics reflect a diverse population, encompassing families, professionals, and senior citizens, contributing to a rich social fabric. Homebuyers are drawn to Elthuruth by its affordable housing options compared to more central locations, the strong community spirit, and the availability of essential amenities within easy reach. The ongoing infrastructural development and its strategic location make Elthuruth an attractive investment destination, with potential for significant appreciation in property values in the long term. Its blend of tranquility, accessibility, and burgeoning growth positions Elthuruth as a promising locality for both homeowners and investors alike.

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Frequently Asked Questions

Data enriched FAQs with helpful insights and visuals

01

What is the sale price of this Property?

This Property is priced at ₹25.00 L. This works out to approximately ₹8,333 per square foot. The price may be negotiable based on market conditions, property age, and your payment terms. Contact the seller to discuss financing options and potential discounts for cash buyers or quick closures.
02

What is the built-up area of this property?

The built-up area is 300 square feet. This is a compact, well-designed space suitable for efficient living with modern space-saving solutions. This includes all rooms, corridors, balconies, and covered spaces as per the approved building plan.
03

Can I get a home loan for this property?

Yes, banks and NBFCs offer home loans for this property. Based on the price of ₹25.00 L, you'll need a downpayment of approximately ₹5.00 L (20%). For the loan amount of ₹20.00 L at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹19,989. Over 15 years, you'll pay ₹35.98 L in total (₹20.00 L principal + ₹15.98 L interest). Current interest rates range from 8.5% to 9.5% depending on your credit score, bank relationship, and loan amount. Compare offers from SBI, HDFC, ICICI, Axis Bank, and LIC Housing Finance.
04

Is the listed price negotiable?

Yes, property prices are often negotiable. In this market, deals typically close 2-6% below the asking price. For this property listed at ₹25.00 L, you could realistically negotiate to ₹23.50 L - ₹24.50 L, potentially saving ₹50,000 to ₹1.50 L.

Price Negotiation Scenarios

Negotiation success depends on several factors: property time on market (properties listed 90+ days see higher negotiation), seller urgency, your payment terms (cash buyers have more leverage), market conditions, and property condition. Get a professional valuation (₹5,000-10,000) to strengthen your negotiation position. Research recent sale prices of comparable properties in the area. Make your first offer 7-10% below asking and negotiate from there.
05

What is the annual property tax?

For this property in Corporation, annual property tax is calculated on Annual Rental Value (ARV). With a property value of ₹25.00 L, the estimated ARV is ₹1.50 L (6% of property value). Corporation tax rate is typically 6-8% of ARV. Your annual property tax would be approximately ₹9,000 to ₹12,000.

Property Tax Component Breakdown

Tax is payable in half-yearly installments with 5-10% rebate for advance full-year payment. Vacant land attracts lower tax. Keep tax receipts updated for loan eligibility and future sale.
06

What is my total cost in the first year of ownership?

Here's your complete first-year ownership cost breakdown for this ₹25.00 L property:

One-Time Upfront Costs:
  • Downpayment (20%): ₹5.00 L
  • Registration & Stamp Duty (10%): ₹2.50 L
  • Legal & Documentation: ₹30,000
  • Brokerage (if applicable, 2%): ₹50,000
  • Total Upfront: ₹8.30 L
Recurring Costs (First Year):
  • EMI (12 months @ ₹19,989): ₹2.40 L
  • Property Tax: ₹10,500
  • Maintenance: ₹7,200
  • Home Insurance: ₹8,000
  • Total Recurring: ₹2.66 L
Grand Total (Year 1): ₹10.96 L

Upfront Cost Breakdown

First Year Recurring Expenses

Loan Principal vs Interest

From Year 2 onwards: ₹2.66 L annually (EMI + tax + maintenance + insurance). Budget an additional 10% buffer for unexpected repairs or expenses.

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