Thrissur Independent House: New 2025 Build in Madavakkara

Ward 10 - Madavakkara, Thrissur, Panchayat, Nenmanikkara

₹ 2,200,000 22 Lacs

Property Highlights

4 cents
Plot Area
2
Bedrooms
2
Bathrooms
950
Sq.ft
1
Parking
954
Property ID

Enquire About This Property

Get FREE publisher contact details instantly

Discover the Space

Presenting a newly constructed independent house available for immediate investment in Ward 10 – Madavakkara, Nenmanikkara, Thrissur. This 950 sq ft single-floor residence, completed in 2025, offers a practical layout with 2 bedrooms and 2 bathrooms on a 4-cent plot. Its west-facing orientation and dedicated parking for one vehicle enhance daily convenience. Strategically located within a developing panchayat, this property represents a sound acquisition at an attractive price point of ₹22,00,000 for those seeking modern living or a promising rental asset.

Loan Calculator

Loading...

Monthly EMI: Calculating...
Total Payment: Calculating...
Total Interest: Calculating...

Quick Facts

Listed byAgent
Year Built2025
Property TypeIndependent House
Total Floors1
FurnishingUnfurnished

About Madavakkara, Thrissur

Ward 10, Madavakkara Panchayat, is a steadily developing residential enclave known for its peaceful ambiance and growing community spirit. While retaining its rustic charm, it's quickly embracing modern conveniences, making it an attractive location for families and individuals seeking a balanced lifestyle. The area boasts essential amenities that cater to daily needs, including easily accessible educational institutions for children of all ages and readily available healthcare facilities ensuring residents' well-being. Conveniently located retail outlets and markets provide diverse shopping options, while a network of public transportation options, including buses and auto-rickshaws, facilitates easy commuting to nearby towns and cities.

Madavakkara's appeal lies in its blend of tranquility and accessibility. The lifestyle here is generally relaxed, with a strong sense of community fostered by local festivals and gatherings. The demographics are diverse, reflecting a mix of long-time residents and newcomers drawn by the area's affordability and potential. Buyers are often attracted to Madavakkara for its relatively lower property prices compared to urban centers, coupled with the promise of a quieter life without sacrificing essential amenities. Furthermore, ongoing infrastructure developments and the increasing demand for housing in the region suggest promising investment potential in land and property within Ward 10, making it a worthwhile consideration for those looking to enter the real estate market.

Area Insights generated by Merry AI. Double check to accuracy

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 ₹22.00 L. This works out to approximately ₹2,316 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 950 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.
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 ₹22.00 L, you'll need a downpayment of approximately ₹4.40 L (20%). For the loan amount of ₹17.60 L at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹17,590. Over 15 years, you'll pay ₹31.66 L in total (₹17.60 L principal + ₹14.06 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 ₹22.00 L, you could realistically negotiate to ₹20.68 L - ₹21.56 L, potentially saving ₹44,000 to ₹1.32 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 Panchayat, annual property tax is calculated on Annual Rental Value (ARV). With a property value of ₹22.00 L, the estimated ARV is ₹1.32 L (6% of property value). Panchayat tax rate is typically 3-5% of ARV. Your annual property tax would be approximately ₹3,960 to ₹6,600.

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 ₹22.00 L property:

One-Time Upfront Costs:
  • Downpayment (20%): ₹4.40 L
  • Registration & Stamp Duty (10%): ₹2.20 L
  • Legal & Documentation: ₹30,000
  • Brokerage (if applicable, 2%): ₹44,000
  • Total Upfront: ₹7.34 L
Recurring Costs (First Year):
  • EMI (12 months @ ₹17,590): ₹2.11 L
  • Property Tax: ₹9,240
  • Maintenance: ₹22,800
  • Home Insurance: ₹8,000
  • Total Recurring: ₹2.51 L
Grand Total (Year 1): ₹9.85 L

Upfront Cost Breakdown

First Year Recurring Expenses

Loan Principal vs Interest

From Year 2 onwards: ₹2.51 L annually (EMI + tax + maintenance + insurance). Budget an additional 10% buffer for unexpected repairs or expenses.

Share Property

Easy Search

Merry AI

Your Property Search Assistant