13.34 cent Commercial Building for Auction in Palakkad – Dhanlaxmi

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

13.34 cent (≈ 5,810 sq ft)

Reserve price / sq ft

₹1,045

Locality

—

City

Palakkad

State

Kerala

Address

0.0540 hector (13.34 cents) of residential land with building in Re. Sy. No. 213 4 of Sreekrishnapuram II Village, Ottapalam Taluk, Palakkad District owned by Mr Chitraguptan Sale deed No 1377 1995 East Panchayath Road South Property of Usha North State Highway West Property of Harihara Nandanan View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Dhanlaxmi Bank

Branch

Kongad Branch

Auction type

SARFAESI Auction

Borrower

M/s A***** T****

Auction start

26 Nov 2026, 10:00 AM

Auction end

26 Nov 2026, 04:00 PM

EMD submission deadline

25 Nov 2026, 04:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2429947

Price Check

This listing's reserve price works out to ₹1,045 per sq ft. The average across commercial bank auctions in Palakkad on our site is ₹2,475 per sq ft, so this one is 58% 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 (4Closure · Listing 2429947), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,07,000 before 25 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 26 Nov 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.