Good access to schools, hospitals, transport

Kanjiramattom 3BHK House | Modern Build, Open Well

Ward 16 - Kanjiramattom, Panchayat, Ernakulam, Amballur

₹ 3,900,000 39 Lacs

Property Highlights

7 cents

Plot Area

Bedrooms

Bathrooms

1250

Sq.ft

Parking

1244

Property ID

Discover the Space

Discover a prime investment opportunity in Ward 16 – Kanjiramattom, Amballur Panchayat, Ernakulam. This attractively priced independent house, built in 2020, offers a well-designed 1250 sq ft built-up area featuring three spacious bedrooms and three modern bathrooms. Situated on a generous 7-cent plot with an east-facing orientation, the property includes practical amenities such as a secure compound wall with gate, fitted cupboards, kitchen cabinets, and reliable open well water. This contemporary home, complete with dedicated parking and waste management facilities, represents a compelling acquisition at ₹39,00,000 for discerning investors seeking value in a developing area.

Loan Calculator

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Down Payment 20%

Interest Rate (p.a.) 8.5%

Loan Tenure 20 years

Loan Amount 50 Thousand

Interest Rate (p.a.) 12%

Loan Tenure 5 years

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Total Payment: Calculating...

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Quick Facts

Listed byAgent

Year Built2020

Property TypeIndependent House

Total Floors1

FurnishingSemi Furnished

Frequently Asked Questions

Data enriched FAQs with helpful insights and visuals

What is the sale price of this Property?

This Property is priced at ₹39.00 L. This works out to approximately ₹3,120 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.

What is the built-up area of this property?

The built-up area is 1,250 square feet. This provides comfortable space for family living with adequate room for all daily activities. This includes all rooms, corridors, balconies, and covered spaces as per the approved building plan.

Can I get a home loan for this property?

Yes, banks and NBFCs offer home loans for this property. Based on the price of ₹39.00 L, you'll need a downpayment of approximately ₹7.80 L (20%). For the loan amount of ₹31.20 L at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹31,183. Over 15 years, you'll pay ₹56.13 L in total (₹31.20 L principal + ₹24.93 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.

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 ₹39.00 L, you could realistically negotiate to ₹36.66 L - ₹38.22 L, potentially saving ₹78,000 to ₹2.34 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.

What is the annual property tax?

For this property in Panchayat, annual property tax is calculated on Annual Rental Value (ARV). With a property value of ₹39.00 L, the estimated ARV is ₹2.34 L (6% of property value). Panchayat tax rate is typically 3-5% of ARV. Your annual property tax would be approximately ₹7,020 to ₹11,700.

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.