7.55 cent House for Auction in Kannur – SIB

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

7.55 cent (≈ 3,288 sq ft)

Reserve price / sq ft

₹1,656

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land bearing plot No.21 admeasuring 7.55 cents comprised in Sy No.7/2, Re Sy No.13/1 of Chelora Amsom, Kappad Desom, Kannur Taluk, Kannur district together with residential building constructed thereon measuring 2534 Sq.Ft. (approx) along with all other constructions, improvements, easementary rights existing and appurtenant thereon owned by Mr. Muhammed Junaid morefully described in Registered Jenmam Sale Deed No.381/2019 dated 05.02.2019 of SRO Kadachira and bounded on North by 5 M Road, East by 5 M Road, South by Plot No 20, and West by Plot No. 16 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Kuthuparamba Branch

Auction type

SARFAESI Auction

Borrower

Mr M***** J*****

Auction start

25 Nov 2026

Auction end

25 Nov 2026, 02:00 PM

EMD submission deadline

24 Nov 2026, 04:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 471611

Price Check

This listing's reserve price works out to ₹1,656 per sq ft. The average across residential bank auctions in Kannur on our site is ₹1,500 per sq ft, so this one is 10% 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 471611), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,44,500 before 24 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 25 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.