66 cent Residential Plot for Auction in Kannur – SIB

Property Details

Property type

Residential Plot (Residential)

Possession

Physical Possession

Area

66 cent (≈ 28,749 sq ft)

Reserve price / sq ft

₹41

Locality

—

City

Kannur

State

Kerala

Address

All that part and parcel of land admeasuring 66 Cents comprised in Re.S.No.492/2Pt, Parappa (Formerly known as Kinanoor) village, Hosdurg Taluk, Kasaragod morefully described in partition deed 1616/2010 dated 11.05.2010 of SRO Balal owned by Jacob Mathew bounded on North by: Lands of Jiji Mathew, East by: Lands of Jiji Mathew, South by: Lands of Saju Varghese and George Reji and West by: Panchayath Road View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Kanhangad Branch

Auction type

SARFAESI Auction

Borrower

Mr J**** M*****

Auction start

30 Sep 2026, 10:00 AM

Auction end

30 Sep 2026, 10:30 AM

EMD submission deadline

29 Sep 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2368855

Price Check

This listing's reserve price works out to ₹41 per sq ft. The average across residential bank auctions in Kannur on our site is ₹1,900 per sq ft, so this one is 98% 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 2368855), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,18,800 before 29 Sep 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 30 Sep 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.