17.3 cent Land & Building for Auction in Puducherry – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Physical Possession

Area

17.3 cent (≈ 7,535 sq ft)

Reserve price / sq ft

₹1,015

Locality

—

City

Puducherry

State

Puducherry

Address

All that part and parcel of land admeasuring 17.30 Cents along with all other constructions, improvements, easementary rights existing and appurtenant thereon situated in Old Sy.No.2,Re.Sy.No. 36/3 ,New Re.Sy.No.36/3A of Mahe Commune & Revenue Village, Puducherry District and owned by Mr Jameel Sooraj, more fully described in Registered Settlement Deed No.874/2008 dated 03.11.2008 of Sub Registrar Office Mahe and bounded on (as per location certificate dated 06.10.2017 issued by Sub Taluk office Mahe);North: Property of Muhammed IqbalEast: CanalSouth: Property of Haseeb and Reshama FarooqWest: Lane View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Mahe Branch

Auction type

SARFAESI Auction

Borrower

Mrs J***** J***** S*****

Auction start

02 Dec 2026, 12:00 PM

Auction end

02 Dec 2026, 01:00 PM

EMD submission deadline

01 Dec 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2458016

Price Check

This listing's reserve price works out to ₹1,015 per sq ft. The average across residential bank auctions in Puducherry on our site is ₹3,140 per sq ft, so this one is 68% below 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 (4Closure · Listing 2458016), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹7,65,000 before 01 Dec 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 2 Dec 2026 starting above the reserve price, in multiples of ₹10,000.
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.