Residential Plot SARFAESI Auction Symbolic Possession

1 sq feet Residential Plot for Auction in Athikattukulangara, Alappuzha – IOB

Athikattukulangara, Alappuzha, Kerala · Auction ID #113260

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Residential Plot for auction in Athikattukulangara, Alappuzha – IOB – photo 1
Reserve Price ₹13,60,000 9.6% lower than previous auction (₹15.04 L)
EMD (Earnest Money)—
Bid Increment—
Auction Date 24 Nov 2026, 11:00 AM In 13 days
EMD Last Date 24 Nov 2026, 01:50 PM In 13 days
Area1 sq feet
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Property Details

Property type
Residential Plot (Residential)
Possession
Symbolic Possession
Area
1 sq feet (≈ 1 sq ft)
Reserve price / sq ft
₹13,60,000
Locality
Athikattukulangara
State
Kerala
Pincode
690504
Address
ATHIKATTUKULANGARA, Kerala, 690504 View on map

Description (as per sale notice)

9.40 Ares of property comprised in Re.Sy. Nos. 323/6/2, 323/15 & 323/14 of Palamel Village, Mavelikara Taluk, Alappuzha Dist of Nooranad SRO in the name of Ajesh Kumar and with life interest for his mother Mrs. Padmini Amma. Boundaries:- East: Sunil kumar owned property South: Anish Kumar owned property and road West: Vijayan owned property North: Sreekutti owned property

BAANKNET Property ID: IOBAAjeshKumar
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Bank & Auction Details

Branch
KUDASSANAD-637
Auction type
SARFAESI Auction
Borrower
Ajesh K**** R
Auction start
24 Nov 2026, 11:00 AM
Auction end
24 Nov 2026, 02:00 PM
EMD submission deadline
24 Nov 2026, 01:50 PM
Inspection
—
Authorised officer
Remya Sankar
Officer contact
8925952589
E-auction portal
BAANKNET (Property ID IOBAAjeshKumar)
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Price Check

This listing's reserve price works out to ₹13,60,000 per sq ft. The average across residential bank auctions in Alappuzha on our site is ₹3,433 per sq ft, so this one is 39515% above 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.

Previous Auctions of This Property

Auction dateReserve price
24 Nov 2026₹13,60,000This auction
30 Oct 2026₹15,04,000View

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 (BAANKNET (Property ID IOBAAjeshKumar)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 24 Nov 2026, 01:50 PM. It is refunded if you don't win.
  5. Bid online on 24 Nov 2026 starting above the reserve price.
  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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Indian Overseas Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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