37 cent Residential Plot for Auction in Palakkad – Dhanlaxmi

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

37 cent (≈ 16,117 sq ft)

Reserve price / sq ft

₹558

Locality

—

City

Palakkad

State

Kerala

Address

0.1498 hector (37 cents) of residential land in Re. Sy. No. 170 1 of Kongad II Village, Ottapalam Taluk, Palakkad District owned by Mr Sivadasan Sale Deed No 5995 2002 East Road and Property of Pisharath South Property of Ramachandran and Suresh Babu North Property of Suresh Babu and Vazhy West Road 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 2429948

Price Check

This listing's reserve price works out to ₹558 per sq ft. The average across residential bank auctions in Palakkad on our site is ₹1,958 per sq ft, so this one is 72% 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 2429948), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹8,98,800 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.