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Commercial Building SARFAESI Auction Symbolic Possession

400 sq feet Commercial Building for Auction in Pottaserri 2 Village, Mannarkkad, Palakkad, Mannarkad, Palakkad – Canara

Pottaserri 2 Village, Mannarkkad, Palakkad, Mannarkad, Palakkad, Kerala · Auction ID #8318

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Commercial Building photo 1
Reserve Price ₹11,10,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 30 Oct 2026, 12:00 PM In 29 days
EMD Last Date 30 Oct 2026, 12:00 PM In 29 days
Area400 sq feet

Property Details

Property type
Commercial Building (Commercial)
Possession
Symbolic Possession
Area
400 sq feet (≈ 400 sq ft)
Reserve price / sq ft
₹2,775
Locality
Pottaserri 2 Village, Mannarkkad, Palakkad, Mannarkad
State
Kerala
Pincode
678593
Address
pottaserri 2 village, Mannarkkad, palakkad, Mannarkad, Kerala, 678593 View on map

Description (as per sale notice)

All that part and parcel of the land measuring 8.00 cents together with a GI sheet building in Sy No. 1/1A1B in the name of Sri. Abdullakoya Thangal, Pottasseri II Village, Mannarkkad Taluk, Palakkad Dist.

BAANKNET Property ID: CNRB000000

Bank & Auction Details

Bank / Lender
Canara Bank
Branch
SPECIALIZED ARM BRANCH KOZHIKODE
Auction type
SARFAESI Auction
Borrower
M/s S**** v*****
Auction start
30 Oct 2026, 12:00 PM
Auction end
30 Oct 2026, 01:00 PM
EMD submission deadline
30 Oct 2026, 12:00 PM
Inspection
03 Oct 2026, 10:00 AM – 29 Oct 2026, 05:00 PM
Authorised officer
SARAVANAKUMAR
Officer contact
9188406941

Price Check

This listing's reserve price works out to ₹2,775 per sq ft. The average across commercial bank auctions in Palakkad on our site is ₹3,233 per sq ft, so this one is 14% 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 3 Oct 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID CNRB000000)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 30 Oct 2026, 12:00 PM. It is refunded if you don't win.
  5. Bid online on 30 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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Canara Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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