Plot for auction 50 Kannadi Villa, Kannadi, Palakkad by Indian Overseas Bank

Property for Auction in Kannadi, Palakkad, Kerala

Property Type IconProperty Type:
Plot
Location IconLocation:
Kannadi, Palakkad
Auction Date IconAuction Date:
22-05-2025 10:30 AM

Auction Details

Auction ID:499810

Bank Name:Indian Overseas Bank

Branch Name:Asset Recovery Management Branch

Reserve Price:75,10,000

EMD:7,51,000

Service Provider:BAANKNET

Important Dates

Submission Date:21-05-2025 05:00 PM

Bid Start Date:22-05-2025 10:30 AM

Property Description

The property is a plot of land located in Kannadi Village, Palakkad Taluk, Palakkad District, Kerala, with a total area of 12.15 Ares. It is situated on the Palakkad to Koduvayur Highway and falls within Survey Number(s)-S.No.258/4 (0.S.No-405/3), T.P.No.191, Block No.50. The property is legally described by its boundaries and sale deeds. Specifically, it includes a 4.05 Ares parcel belonging to Mrs. Nilaferunnisha (Sale Deed-190/2000) with boundaries to the North of Chandran's property, South of Barzana and Raffiya's properties, East of Narayanasamy's property, and West of Amala Hospital. Another 4.05 Ares parcel belongs to Mrs. S Barzana (Sale Deed-191/2000) bordered by Nilaferunnisha's property to the North, Amala Hospital's property to the South, Raffiya's property to the East, and Amala Hospital's property to the West. The third parcel of 4.05 Ares belongs to Mrs. S. Raffiya (Sale Deed-192/2000) with boundaries to the North of Nilaferunnisha's property, South of Amala Hospital's property, East of Narayanasamy's property, and West of Barzana's property. The property is within the Palakkad-678701 postal code.

State:Kerala

City:Palakkad

Area:Kannadi

Asset Category:Residential

Auction Description

This is a SARFAESI auction by Indian Overseas Bank for a residential plot located in Kannadi, Palakkad, Kerala. The property is situated at Survey Number(s)-S.No.258/4 (0.S.No-405/3), T.P.No.191, Block No.50, on the Palakkad to Koduvayur Highway. The total land extent is 12.15 Ares, comprising three parcels belonging to Mrs. Nilaferunnisha, Mrs. S Barzana, and Mrs. S. Raffiya. The auction has a reserve price of ₹75,10,000 and an EMD of ₹7,51,000. The auction will be held on 22-05-2025 from 10:30 AM to 12:30 PM. The property is bordered by properties of Chandran, Barzana, Raffiya, Narayanasamy, and Amala Hospital.

Borrower Name:M/s. Surabhi Steel Tubes Private Limited

Auction Type:SARFAESI Auction

Contact Details

Contact : 0422-2497178

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