117.5 cent Land & Building for Auction in Palakkad – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

117.5 cent (≈ 51,183 sq ft)

Reserve price / sq ft

₹127

Locality

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City

Palakkad

State

Kerala

Address

All that part and parcel of land admeasuring 117.50 Cents (47.55 Ares) and all other usufructs and improvements thereon in Sy. No. 29/4, 31/1A situated in Alanallur-2 Village, Mannarkkad Taluk, Palakkad District, owned by Mr. Shafi Reneesh K P, more particularly described in Registered Jenmam Deed No. 1708/2018 dated 10.08.2018 of SRO Perinthalmanna, with following boundaries:- North: Property of Jameela and OthersEast: Property of Jameela and OthersSouth: Property of GopalakrishnanWest: Property of Gopalakrishnan and Way View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Perinthalmanna Branch

Auction type

SARFAESI Auction

Borrower

Mr S**** R***** K P

Auction start

06 Oct 2026, 12:30 PM

Auction end

06 Oct 2026, 01:00 PM

EMD submission deadline

05 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2389293

Price Check

This listing's reserve price works out to ₹127 per sq ft. The average across residential bank auctions in Palakkad on our site is ₹2,138 per sq ft, so this one is 94% 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 2389293), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,48,300 before 05 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 6 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.