Good access to schools, hospitals, transport

Parambil, Kuruvattur Independent House | 3 BHK | 2023 Build

Ward 15 - Parambil, Panchayat, Kuruvattur, Kozhikode

₹ 5,700,000 57 Lacs

Property Highlights

4.75 cents

Plot Area

Bedrooms

Bathrooms

1490

Sq.ft

Parking

1212

Property ID

Discover the Space

Discover a newly constructed independent house in the desirable Ward 15 – Parambil, Kuruvattur Panchayat, Kozhikode. Completed in 2023, this east-facing residence offers a substantial 1490 sq ft of built-up area across two floors, perfectly situated on a 4.75 cents plot. The well-designed layout features three spacious bedrooms and three modern bathrooms, complemented by a dedicated parking space. Essential amenities like a compound wall with gate, integrated cupboards, wardrobes, a fitted kitchen cabinet, and sustainable features such as rain water harvesting and an open well ensure a comfortable and self-sufficient living experience, representing a compelling investment opportunity.

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 Built2023

Property TypeIndependent House

Total Floors2

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 ₹57.00 L. This works out to approximately ₹3,826 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 1,490 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 ₹57.00 L, you'll need a downpayment of approximately ₹11.40 L (20%). For the loan amount of ₹45.60 L at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹45,575. Over 15 years, you'll pay ₹82.04 L in total (₹45.60 L principal + ₹36.44 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 ₹57.00 L, you could realistically negotiate to ₹53.58 L - ₹55.86 L, potentially saving ₹1.14 L to ₹3.42 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 ₹57.00 L, the estimated ARV is ₹3.42 L (6% of property value). Panchayat tax rate is typically 3-5% of ARV. Your annual property tax would be approximately ₹10,260 to ₹17,100.

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.