41 cent Land & Building for Auction in Kalpetta – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

41 cent (≈ 17,859 sq ft)

Reserve price / sq ft

₹312

Locality

—

City

Kalpetta

State

Kerala

Address

All that part and parcel of land admeasuring 41 Cents along with all other constructions, improvements, easementary rights existing and appurtenant thereon situated in Sy.No. 160/21A1A1, Re.Sy.No.190/2, New Re.Sy.No. 190/10 of Irulam Village, Sulthan Bathery Taluk, Wayanad District and owned by Mr Jithesh K J,more fully described in Registered Settlement Deed No. 1635/2021 dated 27.07.2021 (registered on 28.07.2021) of Sub Registrar Office Pulpally and bounded on (as per title deed); North: Pathway East: Property of Kottarathil Usha Devi South: Private Road West: Sulthan Bathery-Pulpally PWD Road View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Pulpally

Auction type

SARFAESI Auction

Borrower

Mr A*** K**** K R

Auction start

12 Oct 2026, 10:00 AM

Auction end

12 Oct 2026, 10:30 AM

EMD submission deadline

09 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2405236

Price Check

This listing's reserve price works out to ₹312 per sq ft. The average across residential bank auctions in Kalpetta on our site is ₹1,629 per sq ft, so this one is 81% 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 2405236), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,57,500 before 09 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 12 Oct 2026 starting above the reserve price, in multiples of ₹50,000.
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.