0.02 hectare Land for Auction in Palakkad – Kerala Gramin

Property Details

Property type

Land (Land & Agricultural)

Possession

Not specified

Area

0.02 hectare (≈ 2,174 sq ft)

Reserve price / sq ft

₹367

Locality

—

City

Palakkad

State

Kerala

Address

All the part and parcel of the property consisting of 0.0202 Hectares in Sy. No. 427/1 in Paruthur Village, Pattambi Taluk, Palakkad District Boundaries: North – Property of Santha and others East – Panchayath road South – Property of Asharaf and others West - Property of Sarojini View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Kerala Gramin Bank

Branch

Kerala Gramin Bank, Regional Office, Palakkad - BO

Auction type

SARFAESI Auction

Borrower

SRI R***** C

Auction start

26 Nov 2026, 11:00 AM

Auction end

26 Nov 2026, 12:30 PM

EMD submission deadline

18 Nov 2026, 04:00 PM

Inspection

11 Nov 2026, 02:00 PM – 11 Nov 2026, 04:00 PM

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹367 per sq ft. The average across land & agricultural bank auctions in Palakkad on our site is ₹657 per sq ft, so this one is 44% 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 (open notice).
2. Inspect the property on 11 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹79,830 before 18 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 26 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.