Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:614707
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE KANNUR
Reserve Price:₹14,76,000
EMD:₹1,47,600
Bid Increment:₹10,000
Auction Time:10:30 AM to 11:00 AM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-12-02
Bid Start Date:2025-12-03
Property Description
A parcel of land located in Taliparamba, Kannur, Kerala, offered for auction by South Indian Bank. This is a SARFAESI auction for a residential asset, ideal for development or investment. The property is situated in a well-connected area within Kannur. Further details regarding the specific plot size and boundaries can be obtained from the bank.
State:Kerala
City:Kannur
Area:Taliparamba
Asset Category:Residential
Full Address:Old Sy.No.122/3, Re.SyNo.272/1 of Vellur Village, Payyannur [Erstwhile Talipramba) Taluk, Kannur District, Vellur Village, Kannur
Size:9.11 Cents
Auction Description
South Indian Bank is conducting a SARFAESI auction for a land property in Taliparamba, Kannur, Kerala. The auction will take place on December 3, 2025, from 10:30 AM to 11:00 AM. The reserve price is set at ₹14,76,000, with an Earnest Money Deposit (EMD) of ₹1,47,600 required to participate. This is a single-day, online auction event. Interested bidders are advised to complete their due diligence and submit the EMD prior to the auction start time.
Borrower Name:M/s Sron Porkkali Steels
Auction Type:SARFAESI Auction
Guarantor Names:Mr Mohanlal TV, Mr Bijulal TV, Mrs Janaki T V
Legal Details
Possession Status:Physical
Encumbrance Details:No encumbrance
Why This Property
The property is a land parcel in a developing area of Kannur. The reserve price appears reasonable, but further due diligence is recommended to assess the full potential. It's a calculated opportunity with moderate risk factors.
Contact Details
Branch:Branch Office : REGIONAL OFFICE KANNUR
Service Provider:bankauctions.in
Contact Details:
Contact no:8848659770
