29 cent Commercial Building for Auction in Thrissur – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

29 cent (≈ 12,632 sq ft)

Reserve price / sq ft

₹462

Locality

—

City

Thrissur

State

Kerala

Address

All that piece and Parcel of land having an extent of 11.74 Ares (Approximately equivalent to 29.00 Cents cents) with all rights and improvements thereon along with buildings/ sheds (if any) in Re Sy No. 218/ 10P, in Thalikulam Village, Chavakkad Taluk, Thrissur District, owned by Mrs Laila Noorudheen and more fully mentioned in Sale Deed No. 1368 of 2013 dated 12/07/2013 registered at Sub Registrar Office, Vatanapilly and bounded on North by Property of Kadeeja, South by Road, East by Property of Kazhunkil Family and West by Property of Kadeeja and Appu. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Thrissur East fort Branch

Auction type

SARFAESI Auction

Borrower

Mr N***** S***

Auction start

07 Oct 2026, 10:00 AM

Auction end

07 Oct 2026, 10:30 AM

EMD submission deadline

06 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2392138

Price Check

This listing's reserve price works out to ₹462 per sq ft. The average across commercial bank auctions in Thrissur on our site is ₹5,281 per sq ft, so this one is 91% 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 2392138), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,83,200 before 06 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 7 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.