14 sq meter Commercial Building for Auction in Chalavara, Shoranur, Palakkad – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

14 sq meter (≈ 150 sq ft)

Reserve price / sq ft

₹17,400

Locality

Chalavara, Shoranur

City

Palakkad

State

Kerala

Pincode

679505

Address

CHALAVARA, Shoranur, Kerala, 679505 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALIZED ARM BRANCH KOZHIKODE

Auction type

SARFAESI Auction

Borrower

P S****

Auction start

27 Oct 2026, 12:00 PM

Auction end

27 Oct 2026, 01:00 PM

EMD submission deadline

27 Oct 2026, 12:00 PM

Inspection

23 Oct 2026, 10:00 AM – 23 Oct 2026, 05:00 PM

Authorised officer

SARAVANAKUMAR CHIEF MANAGER

Officer contact

9188406941

E-auction portal

BAANKNET (Property ID CNRB16146343)

Price Check

This listing's reserve price works out to ₹17,400 per sq ft. The average across commercial bank auctions in Palakkad on our site is ₹3,233 per sq ft, so this one is 438% above 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 23 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB16146343)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 27 Oct 2026, 12:00 PM. It is refunded if you don't win.
5. Bid online on 27 Oct 2026 starting above the reserve price.
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.