Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:612196
Bank Name:State Bank of India
Branch Name:Branch Office : Kannur
Reserve Price:₹3,60,000
EMD:₹36,000
Auction Time:3.00 P.M
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-12
Bid Start Date:2025-11-13
Property Description
This listing is for a car being auctioned by the State Bank of India in Kannur, Kerala. The reserve price for this vehicle auction is set at 360,000.00, with an Earnest Money Deposit (EMD) of 36,000.00 required to participate.
State:Kerala
City:Kannur
Area:Kannur
Asset Category:Vehicle Auctions
Full Address:null, Sreerosh Appartment, Punnakkanhemze, Kannothumchal Road, Thana, Thana, Kannur
Building/Society:Sreerosh Appartment
Auction Description
Participate in the SARFAESI auction conducted by the State Bank of India for a car previously owned by Mr. Subair Ponnan Valappil. The auction will take place online on November 13, 2025, commencing at 3:00 PM and concluding at 4:00 PM IST. This is a prime opportunity to acquire a vehicle through a transparent banking auction process.
Borrower Name:Mr. Subair Ponnan Valappil
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The vehicle, a 2018 Maruti Swift, presents a reasonable opportunity given its age and condition. The location in Kannur may limit buyer interest, influencing the 'Calculated Opportunity' recommendation. The reserve price and EMD appear reasonable for a used car, however further inspection is advised.
Contact Details
Branch:Branch Office : Branch Office : Kannur
Service Provider:Public Auction
Contact Details:
Authorised Officer
Contact no: —
