Property Prices in Thrissur

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Thrissur

Thrissur is host to many great things. One of those things is the amazing array of properties. The properties in Thrissur cater to people of all backgrounds, age groups, and socio-economic backgrounds. 

The city is filled with projects ranging across commercial, residential and mixed-use real estate.

Commercial properties are used for the purposes of income generation by the industry. On the contrary, residential properties are those that have been zoned for the specific purpose of dwelling. Income like rental income can be generated from the residential property as well. However, the property cannot be rented out to industry and must be occupied by a tenant for the purpose of living. 

Thrissur has an array of residential property that is used for both rental purposes as well as occupancy by the owner itself.

Charges on Property in Thrissur

The real estate in Thrissur is governed by the local municipal corporation. Anyone who owns a property in Thrissur needs to get their property registered with the local municipal corporation. The municipal corporation will then levy stamp duty and a registration fee on the property and charge property tax from the owner. This is an important step to legally prove your ownership of a property in Thrissur.

Any failure to have your property stamped or registered in Thrissur can result in a penalty fee on the same. 

Another common cost associated with owning residential property in Thrissur is the maintenance fees. The maintenance fee is a fee charged by the developer to keep up with the regular upkeep of the common areas of a property. 

Real Estate in Thrissur: Who To Buy From?

There are mainly 3 types of real estate sellers in Thrissur

  1. Owners of the residential property
  2. Realtors/brokers
  3. Developers 

A property could be for sale by owner, like a house on an independent plot of land or selling a residential unit in a developer project. A developer, however, would normally list their whole project up for sale and then sell out individual units from the project. 

Thrissur mainly consists of properties like independent houses, villas, apartments, and builder floors. These can be found in townships, multi-unit apartment buildings, or standalone plots. 

These developers have various projects in the affordable, luxury, and ultra-luxury segments. This was done to cater to the socio-economically diverse population of the city.

FAQs

Are there any affordable properties available to buy in Thrissur?

What basic amenities must you look for while buying a property in Thrissur?

Which are the best banks to get a home loan for buying an estate in Thrissur?

What documents are required while purchasing a property in Thrissur?

What kind of charges and taxes you will have to pay while buying real estate in Thrissur?

What factors affect the value of properties in Thrissur?

What factors influence the choice of an estate in Thrissur?

What are some of the residential property types available for sale in the top localities of Thrissur?

Are there any properties in Thrissur available from owners?

Will property prices fall in Thrissur?

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