84 cent Land & Building for Auction in Kalpetta – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

84 cent (≈ 36,590 sq ft)

Reserve price / sq ft

₹713

Locality

—

City

Kalpetta

State

Kerala

Address

Land admeasuring 84 Cents along with buildings bearing door No.IX/14A, B, B1,B2,C, D&E of Vellamunda Panchayath with all constructions, improvements, easementary rights existing and appurtenant thereon situated in Sy.No.43/4 of Porunnannoor Village, Mananthavady Taluk, Wayanad District more fully described in partition deed 215 dated 23.02.1989 and release deed 338/89 dated 23.02.1989 both of SRO Mananthavady and owned by Late. Mammootty, BOUNDARIES: North: Property of Ibrai Khader, South: Road and Property of Hamsa, East: Property of Aboobacker, Hamsa and Dileep, West: Property of Hamsa librahim. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Mananthavady

Auction type

SARFAESI Auction

Borrower

Mr.Ibrai K

Auction start

06 Oct 2026, 01:00 PM

Auction end

06 Oct 2026, 02:00 PM

EMD submission deadline

05 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2395200

Price Check

This listing's reserve price works out to ₹713 per sq ft. The average across residential bank auctions in Kalpetta on our site is ₹1,629 per sq ft, so this one is 56% 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 2395200), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹26,10,000 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.