0.77 hectare Land & Building for Auction in Kannur – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

0.77 hectare (≈ 83,194 sq ft)

Reserve price / sq ft

₹83

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land admeasuring 0.7729 Hectares along with all constructions, improvements, easementary rights existing and appurtenant thereon situated in Sy No. 177/4, Re Sy No. 205 within Muzhakkunnu Village, Iritty (formerly Thalassery) Taluk, Kannur District and owned by Mr. Thomas TM morefully described in Jenmam Sale Deed No. 1588/84 dated 07-07-1984 of Sub Registrar Offce Peravoor and bounded on, North: Propeny of Deepthi South: Property of Kunhiraman, Colony East: Property of Khader West: Road View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Peravoor Branch

Auction type

SARFAESI Auction

Borrower

Mr D***** M*****

Auction start

27 Oct 2026, 10:00 AM

Auction end

27 Oct 2026, 10:30 AM

EMD submission deadline

26 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2401791

Price Check

This listing's reserve price works out to ₹83 per sq ft. The average across residential bank auctions in Kannur on our site is ₹1,757 per sq ft, so this one is 95% 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 (bankauctions.in (4Closure) · Listing 2401791), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,87,600 before 26 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 27 Oct 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.