0.03 hectare Land & Building for Auction in Kannur – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

0.03 hectare (≈ 3,153 sq ft)

Reserve price / sq ft

₹874

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land admeasuring 0.0293 Hectares along with building thereon in Thillenkery Grama Panchayat admeasuring 1000 Sq.ft (Approx.) along with all other constructions, improvements, easementary rights existing and appurtenant thereon situated in Sy No. 52, Re Sy No. 75 (Re Sy No. 75/1 as per village record) within Thillenkery Village, Iritty (formerly Thalassery) Taluk, Kannur District and owned by Mr. Thomas TM morefully described in Jenmam Sale Deed No. 1880/2007 dated 09-05-2007 of Sub Registrar Office Peravoor and bounded on, North: Main Road South: Property of Balaraman East: Property of Balaraman West: Property of Joseph H INDIAN 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 2401789

Price Check

This listing's reserve price works out to ₹874 per sq ft. The average across residential bank auctions in Kannur on our site is ₹1,757 per sq ft, so this one is 50% 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 2401789), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹2,75,800 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.