8 cent Commercial Building for Auction in Kannur – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

8 cent (≈ 3,484 sq ft)

Reserve price / sq ft

₹1,395

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land admeasuring 8 cent along with a commercial Building and with all other constructions, improvements and easementary Rights in Pro Sy No.450/2 of Kelakam Village Peravoor Thalassery Thaluk Kannur District More fully described in Sale Deed No.2418/13 of SRO Peravoor.North: Property of Vincent Mathew NedumparayilSouth: Property of Gracy George KanhikuzhiyilEast: Property of Vincent Mathew NedumparayilWest: Kelakam- Adakkathodu Road. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

26 Nov 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 471610

Price Check

This listing's reserve price works out to ₹1,395 per sq ft. The average across commercial bank auctions in Kannur on our site is ₹10,626 per sq ft, so this one is 87% 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 471610), 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 26 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.