Why NRIs Choose Kannur for Property
Kannur (Cannanore) in North Kerala has a large NRI population with strong Gulf connections. The Kannur International Airport (opened 2018) has significantly boosted property demand and connectivity. Kannur offers affordable property prices, scenic coastal and hill locations, and a strong community for returning NRIs.
Best Areas to Buy Property in Kannur as NRI
- Thavakkara: Central; commercial and residential; good connectivity
- Payyambalam: Beachfront; premium; strong NRI demand
- Iritty: Hill area; affordable; scenic; good for villas
- Thalassery: Heritage town; coastal; good appreciation
- Mattannur: Affordable; growing town; good for plots
- Payyanur: Coastal; affordable; NRI favourite
- Kuthuparamba: Mid-segment; good connectivity
Property Prices in Kannur 2026
- Apartments: ₹2,500 – ₹6,000 per sq ft
- Villas: ₹60 Lakhs – ₹3 Crore
- Plots: ₹600 – ₹8,000 per cent
FEMA Rules for NRI Property Purchase
- NRIs can freely buy residential and commercial property
- Agricultural land, plantation property, and farmhouses are prohibited
- Payment through NRE/NRO/FCNR account or inward remittance
Stamp Duty & Registration in Kannur
- Stamp duty: 5% of property value (+ 1% surcharge above ₹75 lakhs)
- Registration fee: 2% of property value
NRI Home Loans for Kannur Property
Blueberry FM facilitates NRI home loans up to ₹10 Crores for property in Kannur. Our lender network includes Kerala-headquartered banks with strong North Kerala presence.
NRI Home Loan Kerala | Settling in Kannur NRI Guide | How NRIs Buy Property Kerala