0.06 hectare Land & Building for Auction in Malappuram – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

0.06 hectare (≈ 6,533 sq ft)

Reserve price / sq ft

₹576

Locality

—

City

Malappuram

State

Kerala

Address

All that part and parcel of land admeasuring 0.0607 hectares [approx. 15 cents] along with building having built in area of 1954 Sq.ft and all constructions, improvements, easementary rights existing and appurtenant thereon situated in Re Sy No. 195/3 [Old Re Sy Nos. 15/1,12 and 14/1] in Chathallur desom, Perakamanna Village, Ernad Taluk, Malappuram District and owned by Mr. Mujeeb Rahman NK more fully described in Jenmam Assignment Deed No. 5598/2010 dated 06.12.2010 of Sub Registrar Office Areekode and bounded on,North: Property left for 6 Ft pathEast: Property sold by PathummaSouth: Property of Chathunni NayarWest: Panchayath Road View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Areekode

Auction type

SARFAESI Auction

Borrower

Mr M***** R***** N K

Auction start

06 Oct 2026, 12:00 PM

Auction end

06 Oct 2026, 12:30 PM

EMD submission deadline

05 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2389344

Price Check

This listing's reserve price works out to ₹576 per sq ft. The average across residential bank auctions in Malappuram on our site is ₹5,364 per sq ft, so this one is 89% 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 2389344), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,76,200 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.