100 cent Office for Auction in Kannur – SIB

Property Details

Property type

Office (Commercial)

Possession

Physical Possession

Area

100 cent (≈ 43,560 sq ft)

Reserve price / sq ft

₹134

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land admeasuring 100 Cents and all other usufructs and improvements thereon comprised in Sy No. KPD 234/1, situated in Kelakam Village, Iritty Taluk, Kannur District,more particularly described in Sale Deed No. 1063/2007 dated 12.03.2017 of Sub Registrar Office Peravoor with boundaries on North by: Thodu East by: Property of Thankamma and Others South by: Kelakam-Adakkathode Road West by: Property of Soudamini View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Peravoor Branch

Auction type

SARFAESI Auction

Borrower

M/s S***** E*****

Auction start

18 Nov 2026

Auction end

18 Nov 2026, 10:30 AM

EMD submission deadline

17 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 468698

Price Check

This listing's reserve price works out to ₹134 per sq ft. The average across commercial bank auctions in Kannur on our site is ₹10,253 per sq ft, so this one is 99% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (AuctionTiger · Auction ID 468698), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,85,000 before 17 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 18 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.