1,250 sq feet House for Auction in Modakurichi, Erode – Indian Bank

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

1,250 sq feet (≈ 1,250 sq ft)

Reserve price / sq ft

₹4,085

Locality

Modakurichi

City

Erode

State

Tamil Nadu

Pincode

638104

Address

Modakurichi, Tamil Nadu, 638104 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

ERODE - 224

Auction type

SARFAESI Auction

Borrower

D V*****

Auction start

20 Nov 2026, 10:00 AM

Auction end

20 Nov 2026, 04:00 PM

EMD submission deadline

20 Nov 2026, 03:00 PM

Inspection

23 Oct 2026, 10:00 AM – 19 Nov 2026, 04:00 PM

Authorised officer

Mr.D.ELANGO

Officer contact

9442631637

E-auction portal

BAANKNET (Property ID IDIB6577350228)

Price Check

This listing's reserve price works out to ₹4,085 per sq ft. The average across residential bank auctions in Erode on our site is ₹3,651 per sq ft, so this one is 12% above 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 23 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB6577350228)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 20 Nov 2026, 03:00 PM. It is refunded if you don't win.
5. Bid online on 20 Nov 2026 starting above the reserve price.
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.