9.11 cent Land & Building for Auction in Kannur – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

9.11 cent (≈ 3,968 sq ft)

Reserve price / sq ft

₹335

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land admeasuring 9.11 Cents along with all other constructions, improvements, easementary rights existing and appurtenant thereon situated under Old Sy.No.122/3 Re.Sy.No.272/1 of Vellur Village, Payyannur [Erstwhile Talipramba] Taluk, Kannur District and owned by Mr Bijulal TV, more fully described in Registered Jenmam Sale Deed Nos. 2045/2017 dated 01.08.2017 of SRO Payyannur and bounded on (Boundaries as per in Registered Jenmam Sale Deed Nos. 2045/2017 dated 01.08.2017), North: Property of Ottathayyil Muhammed Farooque, East: Property of Mottammal Pavithran, South: Road, West: Property of Kallidil Ganesan View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Payyanur Branch

Auction type

SARFAESI Auction

Borrower

M/s S*** P***** S*****

Auction start

17 Oct 2026, 10:30 AM

Auction end

17 Oct 2026, 11:00 AM

EMD submission deadline

16 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2405278

Price Check

This listing's reserve price works out to ₹335 per sq ft. The average across residential bank auctions in Kannur on our site is ₹1,757 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 2405278), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,32,840 before 16 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 17 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.