0.08 hectare Land & Building for Auction in Kalpetta – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

0.08 hectare (≈ 8,718 sq ft)

Reserve price / sq ft

₹404

Locality

—

City

Kalpetta

State

Kerala

Address

All that part and parcel of lands admeasuring 0.0810 Hectares (20 Cents) and 0.0405 Hectares (10 Cents) comprised in Sy.No.202, 194 and 203 of Nenmeni Village. Sulthan Bathery Taluk. Wayanad District along with a residential building bearing No.NP/11/56 and all other improvements made thereon, owned by Mrs. K. Ramani more fully described in Registered Deed of Assignment No.691/2004 dated 16.03.2004 of SRO Sulthan Bathery and Registered Deed of Assignment No.3897/2006 dated 27.11.2006 of SRO Sulthan Bathery and both land commonly bounded onNorth: Panchayath RoadSouth: Property of RamaniWest: Property of Bindu and VijayanEast Road an Property of Krishnan View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Meppady

Auction type

SARFAESI Auction

Borrower

Mr R***** K R

Auction start

24 Nov 2026, 10:30 AM

Auction end

24 Nov 2026, 11:00 AM

EMD submission deadline

23 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2458169

Price Check

This listing's reserve price works out to ₹404 per sq ft. The average across residential bank auctions in Kalpetta on our site is ₹1,577 per sq ft, so this one is 74% 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 (4Closure · Listing 2458169), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,51,900 before 23 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 24 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.