Vengeri, Kozhikode | New 4BHK Independent House

Ward 10 - Vengeri, Kozhikode, Kozhikkode Corporation, Corporation

₹ 7,500,000 75 Lacs

Property Highlights

3.25 cents
Plot Area
4
Bedrooms
4
Bathrooms
1560
Sq.ft
1
Parking
1152
Property ID

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Discover the Space

Discover a newly constructed independent house located in Ward 10, Vengeri, Kozhikode Corporation. Completed in 2025, this 1560 sq ft, two-floor residence is thoughtfully designed with four bedrooms and four bathrooms, offering ample living space for a contemporary lifestyle. Situated on a 3.25-cent East-facing plot, the property features a secure compound wall with gate, integrated cupboards and wardrobes, and robust water provisions including rain harvesting, open well, and borewell. This Vastu-compatible home presents an excellent investment opportunity in a burgeoning residential area.

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Quick Facts

Listed byAgent
Year Built2025
Property TypeIndependent House
Total Floors2
FurnishingSemi Furnished

About Vengeri, Kozhikode

Ward 10 - Vengeri, a vibrant pocket within the Corporation limits, presents a compelling blend of traditional charm and modern conveniences. Known for its relatively peaceful atmosphere and strong sense of community, Vengeri enjoys a reputation as a family-friendly locale. Residents benefit from easy access to essential amenities, including a range of educational institutions catering to different age groups, healthcare facilities providing general and specialized care, and bustling markets offering fresh produce and daily necessities. The area also boasts diverse shopping options, from local stores to larger retail outlets, ensuring residents have their needs met close to home. Well-maintained roads and readily available public transportation options make navigating Vengeri and connecting to other parts of the city seamless.

The lifestyle in Vengeri is generally relaxed, reflecting a blend of traditional values and contemporary aspirations. The demographic profile is diverse, encompassing families, working professionals, and senior citizens. Buyers are often drawn to Vengeri due to its affordability compared to more central locations, coupled with its good quality of life and access to essential services. The area's peaceful environment, strong community bonds, and relatively lower cost of living make it particularly attractive to families seeking a comfortable and convenient place to raise their children. Furthermore, Vengeri's ongoing development and improved infrastructure suggest promising investment potential for those seeking long-term growth in the real estate market. The combination of affordability, accessibility, and a strong sense of community makes Vengeri an increasingly desirable location 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 ₹75.00 L. This works out to approximately ₹4,808 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 1,560 square feet. This spacious layout offers ample room for comfortable living, entertainment, and family gatherings. 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 ₹75.00 L, you'll need a downpayment of approximately ₹15.00 L (20%). For the loan amount of ₹60.00 L at 8.75% interest rate for 15 years, your approximate monthly EMI would be ₹59,967. Over 15 years, you'll pay ₹1.08 Cr in total (₹60.00 L principal + ₹47.94 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 ₹75.00 L, you could realistically negotiate to ₹70.50 L - ₹73.50 L, potentially saving ₹1.50 L to ₹4.50 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 ₹75.00 L, the estimated ARV is ₹4.50 L (6% of property value). Corporation tax rate is typically 6-8% of ARV. Your annual property tax would be approximately ₹27,000 to ₹36,000.

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 ₹75.00 L property:

One-Time Upfront Costs:
  • Downpayment (20%): ₹15.00 L
  • Registration & Stamp Duty (10%): ₹7.50 L
  • Legal & Documentation: ₹30,000
  • Brokerage (if applicable, 2%): ₹1.50 L
  • Total Upfront: ₹24.30 L
Recurring Costs (First Year):
  • EMI (12 months @ ₹59,967): ₹7.20 L
  • Property Tax: ₹31,500
  • Maintenance: ₹37,440
  • Home Insurance: ₹8,000
  • Total Recurring: ₹7.97 L
Grand Total (Year 1): ₹32.27 L

Upfront Cost Breakdown

First Year Recurring Expenses

Loan Principal vs Interest

From Year 2 onwards: ₹7.97 L annually (EMI + tax + maintenance + insurance). Budget an additional 10% buffer for unexpected repairs or expenses.

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