87.5 cent Land for Auction in Kannur – SIB

Property Details

Property type

Land (Land & Agricultural)

Possession

Symbolic Possession

Area

87.5 cent (≈ 38,115 sq ft)

Reserve price / sq ft

₹151

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land admeasuring 87.50 Cents along with all other constructions, improvements, easementary rights existing and appurtenant thereon situated under Old Sy.No.28, Re.Sy.No.32 of Irikkur Village,Taliparamba Taluk, Kannur District and owned by Mr Aboobacker Sidhique,more fully described in Registered Jenmam Assignment Deeds Nos.599/2004 dated 19.03.2004 and 1501/2004 dated 22.07.2004 of SRO Irikkur and bounded on (Boundaries as per Registered Jenmam Assignment Deed Nos.599/2004 dated 19.03.2004 and 1501/2004 dated 22.07.2004), North: Private Road East: Thodu South: Property of Mansoora West:: Property of Kamalkutty View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Kannur Main Branch

Auction type

SARFAESI Auction

Borrower

M/s N***** B***** P** L**

Auction start

16 Nov 2026

Auction end

16 Nov 2026, 10:30 AM

EMD submission deadline

13 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 468696

Price Check

This listing's reserve price works out to ₹151 per sq ft. The average across land & agricultural bank auctions in Kannur on our site is ₹512 per sq ft, so this one is 71% 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 468696), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,74,200 before 13 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 16 Nov 2026 starting above the reserve price, in multiples of ₹50,000.
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.