3,917 sq ft Commercial Building for Auction in Malappuram – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

3,917 sq ft

Reserve price / sq ft

₹920

Locality

—

City

Malappuram

State

Kerala

Address

All that part and parcel of land admeasuring 4.05 Ares (i.e 10 Cents) along with three storied commercial building bearing No XIII/304A admeasuring 3917 sq.ft. and all other usufructs and improvements thereon in Re-Sy.No. 244/12-1 (Old Sy. No. 393/4) situated in Thiruvali Village, Nilambur Taluk, Malappuram District, owned by Mrs. Beena K P, more particularly described in Registered Jenmam Deed No. 7458/2011 dated 07.12.2011 of SRO Wandoor, with following boundaries:-North: Property of MohandasEast: Panchayath RoadSouth: Panchayath RoadWest: Property of Mohandas View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Perinthalmanna Branch

Auction type

SARFAESI Auction

Borrower

Mrs B**** KP

Auction start

04 Dec 2026, 10:30 AM

Auction end

04 Dec 2026, 11:00 AM

EMD submission deadline

03 Dec 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2459979

Price Check

This listing's reserve price works out to ₹920 per sq ft. The average across commercial bank auctions in Malappuram on our site is ₹3,961 per sq ft, so this one is 77% 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 2459979), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,60,199 before 03 Dec 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 4 Dec 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.