Good access to schools, hospitals, transport

Kannamkulangara Independent House | Modern 4BHK | Thrissur

Ward 43 - Kannamkulangara, Thrissur Corporation, Thrissur, Corporation

₹ 25,000,000 2.5 Cr

Property Highlights

6.5 cents

Plot Area

Bedrooms

Bathrooms

3100

Sq.ft

Parking

1196

Property ID

Discover the Space

Presenting a substantial independent house located in the established Ward 43 of Kannamkulangara, Thrissur Corporation. This impressive 3100 sq ft residence, constructed in 2018 on a 6.5-cent east-facing plot, offers a meticulously designed two-floor layout featuring four bedrooms and four bathrooms, alongside parking for three vehicles. Modern conveniences include air conditioning, integrated wardrobes, a secure compound, and serene flower gardens. Furthermore, sustainable features like rain water harvesting and an open well enhance its long-term value. This property represents a compelling investment opportunity in a desirable Thrissur locale.

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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Quick Facts

Listed byAgent

Year Built2018

Property TypeIndependent House

Total Floors2

FurnishingFully Furnished

About Kannamkulangara, Thrissur

Kannamkulangara in Ward 43 presents a charming blend of traditional Kerala/Tamil Nadu life with modern conveniences, earning a reputation as a peaceful and family-friendly residential area. This locality is characterized by its well-maintained streets, lush greenery, and a strong sense of community. Residents benefit from easy access to essential amenities, including a selection of educational institutions catering to various age groups, healthcare facilities providing comprehensive medical services, and bustling local markets and shops that meet daily needs. Public transportation options are readily available, ensuring seamless connectivity to neighboring areas and the wider city, making daily commutes and leisure travel convenient.

The lifestyle in Kannamkulangara is generally relaxed and community-oriented, with a diverse demographic comprising families, working professionals, and retirees. Buyers are drawn to the area's tranquility, safety, and affordability compared to more central locations. The availability of independent houses and apartments caters to varied preferences and budgets. The area's strategic location, coupled with its well-developed infrastructure and the ongoing development in the surrounding regions, makes Kannamkulangara a promising location for real estate investment. The demand for residential properties is consistently strong, indicating a potential for appreciation in property values over time, further solidifying its appeal to both homebuyers and investors.

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Frequently Asked Questions

Data enriched FAQs with helpful insights and visuals

What is the sale price of this Property?

This Property is priced at ₹2.50 Cr. This works out to approximately ₹8,065 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 3,100 square feet. This is a large, luxurious space providing exceptional room for all family needs with premium lifestyle amenities. 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 ₹2.50 Cr, you'll need a downpayment of approximately ₹50.00 L (20%). For the loan amount of ₹2.00 Cr at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹199,890. Over 15 years, you'll pay ₹3.60 Cr in total (₹2.00 Cr principal + ₹1.60 Cr 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 ₹2.50 Cr, you could realistically negotiate to ₹2.35 Cr - ₹2.45 Cr, potentially saving ₹5.00 L to ₹15.00 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 Corporation, annual property tax is calculated on Annual Rental Value (ARV). With a property value of ₹2.50 Cr, the estimated ARV is ₹15.00 L (6% of property value). Corporation tax rate is typically 6-8% of ARV. Your annual property tax would be approximately ₹90,000 to ₹120,000.

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.