1,355 sq ft Commercial Building for Auction in Erode – Repco

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

1,355 sq ft

Reserve price / sq ft

₹2,509

Locality

—

City

Erode

State

Tamil Nadu

Address

All that piece and parcel of land together with building situated at Erode District, Gobichettypalayam Registration District, Gobichettypalayam Joint II Sub-Registry, Gobichettypalayam Taluk, Kalangiam B Village, comprised in New Re-Survey No.327/1A2, Patta No.1627, Punj. Hec. 0.70.50, for this Punj. Acre 1.74 1/2, has been laid into layout of house sites approved vide No.214/2019 and named as Kubera Nagar;in this, Site No.20 is bounded as follows:East of : Site No 21 South of : 30 feet wide East West layout Road West of : Palaniammal land and Village Natham North of : Site No.19 Admeasuring East to West on the Northern side 18 feet 9 inchEast to West on the Southern side 27 feet 3 inchSouth to North on the Eastern side: 56 feet 8 inch (16 feet 9 inch 39 feet 9 inch)South to North on the Western side: 55 feetTotally 1355 sq.ft. (125.882 sq.mtrs.).The property has got all mamool, pathway and easement rights thereon. As per sub-division, the property presently comprised in Re-Survey No.327/1A2A1A1. As per Patta New Survey No.327/4, Patta No.2059. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Repco Home Finance

Branch

Gobichettipalayam

Auction type

SARFAESI Auction

Borrower

Mr T D*****

Auction start

25 Nov 2026

Auction end

25 Nov 2026, 12:00 PM

EMD submission deadline

24 Nov 2026, 04:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 471224

Price Check

This listing's reserve price works out to ₹2,509 per sq ft. The average across commercial bank auctions in Erode on our site is ₹2,110 per sq ft, so this one is 19% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (AuctionTiger · Auction ID 471224), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,40,000 before 24 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 25 Nov 2026 starting above the reserve price, in multiples of ₹25,000.
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.