Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614708
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE KANNUR
Reserve Price:₹63,90,000
EMD:₹6,39,000
Bid Increment:₹25,000
Auction Time:02:00 PM to 02:30 PM
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-12-02
Bid Start Date:2025-12-03
Property Description
This is a valuable parcel of land located in Taliparamba, a prominent area within Kannur, Kerala. The property is being auctioned by South Indian Bank under the SARFAESI Act. Suitable for residential development, this land offers a significant investment opportunity in a growing region. Its accessibility and potential for future appreciation make it an attractive prospect for developers and individual buyers alike.
State:Kerala
City:Kannur
Area:Taliparamba
Asset Category:Residential
Full Address:Old Sy.No.133/108, Re.Sy.No.121/15 of Vellur Village, Payyannur, Vellur Village, Kannur
Size:5 Cents
Auction Description
South Indian Bank is conducting a SARFAESI auction for a residential land property in Taliparamba, Kannur, Kerala. The auction has a reserve price of INR 63,90,000 and requires an EMD of INR 6,39,000. The auction will take place online on December 3, 2025, commencing at 02:00 PM and concluding at 02:30 PM. This is a unique chance to acquire a prime plot of land at a competitive price.
Borrower Name:Mr Mohanlal TV
Auction Type:SARFAESI Auction
Guarantor Names:Mrs Janaki T V
Legal Details
Possession Status:Physical
Encumbrance Details:No encumbrance
Why This Property
The property is a piece of land in a developing area. While the reserve price seems reasonable, potential buyers should carefully assess the location and future development prospects. The auction terms are standard.
Contact Details
Branch:Branch Office : REGIONAL OFFICE KANNUR
Service Provider:bankauctions.in
Contact Details:
Contact no:8848659770
