1,350 sq ft Commercial Building for Auction in Kannur – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

1,350 sq ft

Reserve price / sq ft

₹15,947

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land admeasuring 29.54 Ares along with building thereon admeasuring 1350 Sq.ft (approx.) along with all other constructions, improvements, easementary rights existing including right of way and appurtenant thereon situated in Re Sy No. 129/2(3) within Chengala Village, Kasaragod Taluk, Kasaragod District and owned by Mr. Aboobacker Siddik, morefully described in Registered Gift Deed No. 200/1977 dated 11-02-1977, Joint Jenmam Right Release Deed No. 2784/2016 dated 04-07-2016 both of Sub Registrar Office - Kasaragod and bounded on (Boundaries as per Joint Jenmam Right Release Deed No. 2784/2016), North: Private Road and Property of Riyas, South: Property of Muhammed Kunhi, East: Property of B Ashraf, West: Property of Siddik and Property of Aboobacker Siddik View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

03 Dec 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 471518

Price Check

This listing's reserve price works out to ₹15,947 per sq ft. The average across commercial bank auctions in Kannur on our site is ₹10,626 per sq ft, so this one is 50% 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.

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 471518), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on 3 Dec 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.