138 cent Land & Building for Auction in Kannur – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

138 cent (≈ 60,112 sq ft)

Reserve price / sq ft

₹58

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land admeasuring 138 Cents along with building (Building not considered for valuation) bearing door no.IV/419 (Old No.IV/200) and land admeasuring 2.18 Ares (5.38 Cents) with all other appurtenance and easementary rights comprised in S.No.8/2 & 8/1, Re.S.No.90/7 and 90/6 of Vayannur Desom, Vekkalam Amsom, Thalassery Taluk, Kannur District morefully described in sale deed 4325/1997 dated 20-11-1997 (covering 138 cents) and sale deed 3907/2010 dated 18-08-2010 (covering 2.18 Ares) both of SRO Peravoor owned by Sunil Kumar Pothan. Entire 138 cents and 2.18 Ares commonly bounded on: North: Property of Govindan Adiyodi and Kunhiraman, anganavadi building, South: Property of Kunhiraman and Chinnuamma, East: Property of Devakiamma West: Panchayath Road and property of Kunhiraman View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Kannur South Bazar Branch

Auction type

SARFAESI Auction

Borrower

M/s P***** I****

Auction start

14 Oct 2026, 11:00 AM

Auction end

14 Oct 2026, 11:30 AM

EMD submission deadline

13 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2401813

Price Check

This listing's reserve price works out to ₹58 per sq ft. The average across residential bank auctions in Kannur on our site is ₹1,757 per sq ft, so this one is 97% 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 2401813), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,48,400 before 13 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 14 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.