4.18 cent Land & Building for Auction in Kannur – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

4.18 cent (≈ 1,820 sq ft)

Reserve price / sq ft

₹3,310

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land admeasuring 4.18 Cents comprised in O.S.No. 1464, Re.S.No. 10 W5 B1 of Kannur - 1 Village, Kannur Taluk, Kannur District along with residential building bearing No.TVE-36-83, Ward 36 admeasuring approx. 3800 Sq. Ft. together with all other improvements made thereon, owned by Mr. Basheer K. B. more fully described in Registered Jenmam Deed No.4664/2006 dated 12.12.2006 of SRO Kannur and bounded on: North by: Property of Musthafa, East by: Private Road, South by: Municipal Road, West by: Property of MusthafaAll that part and parcel of land admeasuring 1.50 Cents comprised in O.S.No. 1467, Re.S.No. 10 W5 B1 of Kannur 1 Village, Kannur Taluk, Kannur District together with all other improvements made thereon, owned by Mr. Basheer K. B. more fully described in Registered Sale Deed No.4156/2013 dated 24.12.2013 of SRO Kannur and bounded on: North by: Property of Basheer, Onam Thak & property sold by Musthafa, East by: Property of Basheer, South by: Municipal Road and Randam Thak, West by Municipal Road View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Kannur Main Branch

Auction type

SARFAESI Auction

Borrower

M/s S***** T***** C*****

Auction start

16 Oct 2026, 11:30 AM

Auction end

16 Oct 2026, 12:00 PM

EMD submission deadline

15 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2405250

Price Check

This listing's reserve price works out to ₹3,310 per sq ft. The average across residential bank auctions in Kannur on our site is ₹1,757 per sq ft, so this one is 88% 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 (bankauctions.in (4Closure) · Listing 2405250), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,02,700 before 15 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 16 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.