12.75 cent Commercial Building for Auction in Thrissur – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

12.75 cent (≈ 5,553 sq ft)

Reserve price / sq ft

₹2,469

Locality

—

City

Thrissur

State

Kerala

Address

All that piece and Parcel of land having an extent of 12.75 cents with all rights and improvements thereon along with building having approx. area of 4701 SqFt with door No:5/624-2,5/624-3,5/624-4 in Sy No:512/2p in Ollukkara village, Thrissur Taluk, Thrissur district owned by Mr.Raleef K M and Mrs Ancy Raleef more fully mentioned in Sale Deed No.4284/07 dated 01-09-2007 registered at Sub Registrar Office Ollukkara Thrissur District and bounded as follows (As per primary Title deed)North : Property of NeeliSouth : Property of Abdul KhaderEast : RoadWest : Property of Kunjalimmu View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

09 Oct 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 464492

Price Check

This listing's reserve price works out to ₹2,469 per sq ft. The average across commercial bank auctions in Thrissur on our site is ₹5,281 per sq ft, so this one is 53% 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 464492), 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 9 Oct 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.