1,400 sq ft Land & Building for Auction in Kottayam – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

1,400 sq ft

Reserve price / sq ft

₹1,024

Locality

—

City

Kottayam

State

Kerala

Address

All that part and parcel of land admeasuring 2.15 Ares along with building having a built up area of about 1400 Sq.ft (now demolished and all other constructions, Improvements, easementary rights existing and appurtenant thereon in Old Sy. No. 155/2 Re Sy. No. 522/2, 522/26 of Block No. 7 of Aymanam Village, Kottayam Taluk, Kottayam District and owned by Mrs. Ponnamma, more fully described in Sale Deed No. 1599/1972 dated 28-06-1972 of Sub Registrar Office, Kottayam and BOUNDED ON (as per location sketch dated 19-02-2019 issued by VO, Aymanam): West Road, East: Property of Anilikumar Ashok Nivas, South: Property of Ashok Nivas & North: Property of Velayudhan Ashok Nivas View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Nagampadam Branch

Auction type

SARFAESI Auction

Borrower

Mr. A***** PV

Auction start

14 Oct 2026, 10:30 AM

Auction end

14 Oct 2026, 11:00 AM

EMD submission deadline

13 Oct 2026, 04:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2404066

Price Check

This listing's reserve price works out to ₹1,024 per sq ft. The average across residential bank auctions in Kottayam on our site is ₹3,847 per sq ft, so this one is 73% 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 2404066), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,43,300 before 13 Oct 2026, 04:00 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.