4,868 sq ft Commercial Building for Auction in Thrissur – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

4,868 sq ft

Reserve price / sq ft

₹5,177

Locality

—

City

Thrissur

State

Kerala

Address

Item no: 1 (a) All that part and parcel of land admeasuring 14.46 Ares along with Building thereon bearing Door No. 22/686 (building Theatre Complex) of Mattathur Panchayath admeasuring 4868 sq. ft. (approx) along with all other constructions, improvements, easementary rights existing and appurtenant thereon situated in Sy No. 557/1 within Mattathur Village, Chalakudy Taluk, Thrissur District and owned by AK Diwakaran morefully described in Partition Deed no 3516/2010 dated 23-11-2010 of Sub Registrar Office Kodaly and bounded onNorth : Property of BabuSouth : RoadEast : Property of BabuWest : Property of LeelaItem no 1 (b) All that part and parcel of land admeasuring 2.02Ares along with building existing thereon and all other constructions, improvements, easementary rights existing and appurtenant thereon situated in Sy No. 557/1 within Mattathur Village, Chalakudy Taluk, Thrissur District and owned by Leela morefully described in Partition Deed no. 3516/2010 dated 23-11-2010 of Sub Registrar Office - Kodaly and bounded onNorth :Property of BabuSouth :RoadEast:Property of DivakaranWest:Road Item No: 1 (a) ; (b) will be sold as a single lot only View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Thrissur Main Branch

Auction type

SARFAESI Auction

Borrower

Mr A K D*****

Auction start

09 Dec 2026

Auction end

09 Dec 2026, 11:00 AM

EMD submission deadline

08 Dec 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 472433

Price Check

This listing's reserve price works out to ₹5,177 per sq ft. The average across commercial bank auctions in Thrissur on our site is ₹4,495 per sq ft, so this one is 15% 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 472433), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹25,20,000 before 08 Dec 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 9 Dec 2026 starting above the reserve price, in multiples of ₹50,000.
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.