27 cent Land & Building for Auction in Kozhikode – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

27 cent (≈ 11,761 sq ft)

Reserve price / sq ft

₹230

Locality

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City

Kozhikode

State

Kerala

Address

All that part and parcel of land admeasuring 27 Cents (19 Cents 8 Cents) along with all other constructions, improvements, easementary rights existing and appurtenant thereon situated in Old Sy No. 242, Re Sy No. 188/2 within Kodiyathur Village, Kozhikode Taluk, Kozhikode District and owned by Mrs. Jemy Shijo, morefully described in Jenm Assignment Deed No. 2269/2016 dated 06-09-2016 and Jenm Assignment Deed No. 2270/2016 dated 06-09-2016 both of Sub Registrar Office - Mukkam and bounded on;North: RoadSouth: Property owned by PathummakuttyEast: Property owned by PathummakuttyWest Property owned by Vettukattil Sojan View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Areekode

Auction type

SARFAESI Auction

Borrower

Mr S**** T*****

Auction start

17 Nov 2026, 11:30 AM

Auction end

17 Nov 2026, 12:00 PM

EMD submission deadline

16 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2431810

Price Check

This listing's reserve price works out to ₹230 per sq ft. The average across residential bank auctions in Kozhikode on our site is ₹8,084 per sq ft, so this one is 97% 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 2431810), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹2,70,000 before 16 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 17 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.