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Residential Plot DRT Auction

23.6 cent Residential Plot for Auction in Kollam – ARCIL

Kollam, Kerala · Auction ID #3751

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Reserve Price ₹22,00,000
EMD (Earnest Money)₹2,20,000
Bid Increment₹25,000
Auction Date 01 Oct 2026, 11:00 AM In 4 days
EMD Last Date 29 Sep 2026, 05:00 PM In 2 days
Area23.6 cent

Property Details

Property type
Residential Plot (Residential)
Possession
Not specified
Area
23.6 cent (≈ 10,280 sq ft)
Reserve price / sq ft
₹214
Locality
—
City
Kollam
State
Kerala

Description (as per sale notice)

Item 7 of B Schedule property All that piece and parcel of land admeasuring 9.55 Ares (23.60cents) together with all rights and improvements thereon situated in Sy no.305/9E, Re Sy no.201/4 Block no.15, Thandaper no 4438 in Mylom village, Kottarakkara Taluk, Kottarakkara Sub district, Kollam district belonging to the 1st certificate debtor (Mr. Sabu Varghese) more fully mentioned in Sale deed no.1732/2001 dated 22.05.2001 registered at Kottarakkara Principal SRO. Boundaries [as per revenue records]:- North-properties of Sunil Varghese & Sunil Varghese, Panchayath Road, South - Property of Anil Kumar, East - Properties of Anil Kumar, Sheeba Ramachchan and West - Properties of Anil Kumar.

Bank & Auction Details

Branch
Arcil-SBPS-008-II-Trust
Auction type
DRT Auction
Borrower
Sabu V***** a** a*****
Auction start
01 Oct 2026, 11:00 AM
Auction end
01 Oct 2026, 11:30 AM
EMD submission deadline
29 Sep 2026, 05:00 PM
Inspection
—
Authorised officer
—
Officer contact
—
View official sale notice

Price Check

This listing's reserve price works out to ₹214 per sq ft. The average across residential bank auctions in Kollam on our site is ₹2,779 per sq ft, so this one is 92% 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 (open notice).
  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 (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹2,20,000 before 29 Sep 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 1 Oct 2026 starting above the reserve price, in multiples of ₹25,000.
  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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Asset Reconstruction Company (India). Always verify every detail with the official notice and the authorised officer before paying any money.

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