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Land SARFAESI Auction

0.21 acre Land for Auction in Erode – Federal

Erode, Tamil Nadu · Auction ID #114202

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Land for auction in Erode – FederalRepresentative image – no photo published by the bank
Reserve Price ₹64,00,000
EMD (Earnest Money)₹6,40,000
Bid Increment₹50,000
Auction Date 18 Dec 2026, 11:00 AM In 38 days
EMD Last Date 17 Dec 2026, 05:00 PM In 37 days
Area0.21 acre
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Property Details

Property type
Land (Land & Agricultural)
Possession
Not specified
Area
0.21 acre (≈ 9,147 sq ft)
Reserve price / sq ft
₹700
Locality
—
City
Erode

Description (as per sale notice)

Erode District, Erode Registration District, Bhavani Sub Registration District, Erode Taluk, Elavamalai Village in Re-survey No.298/5 an extent of 1.18.0 Punjai hectors, old S.F.No.269A, 317/5,Ayyampalayam In this an extent of 0.21 acres or 0.08.50 hectors, with building existing and / or to be constructed and all other improvements thereon, within the following boundaries. East of - Common property belonging to Marappan and Others North of - Property belonging to Ramasamy and common Property belonging to Marappan and others South of - Common property belonging to Marappan and Others West of - North South Road and Common property belonging to Marappan and Others With the right to use all common usual pathways. (More fully described in Registered Release Deed No.5935/2013 dated 13.11.2013 of SRO Bhavani in the name of Sri. Sundararajan M)
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Bank & Auction Details

Bank / Lender
Federal Bank
Branch
Federal Bank Ltd. Coimbatore - BO (Immovable Properties)
Auction type
SARFAESI Auction
Borrower
M/s S***** L***** E*****
Auction start
18 Dec 2026, 11:00 AM
Auction end
18 Dec 2026, 12:00 PM
EMD submission deadline
17 Dec 2026, 05:00 PM
Inspection
04 Dec 2026, 04:00 PM – 04 Dec 2026, 05:00 PM
Authorised officer
—
Officer contact
—
E-auction portal
C1 India
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Price Check

This listing's reserve price works out to ₹700 per sq ft. The average across land & agricultural bank auctions in Erode on our site is ₹1,298 per sq ft, so this one is 46% 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 4 Dec 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹6,40,000 before 17 Dec 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 18 Dec 2026 starting above the reserve price, in multiples of ₹50,000.
  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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Federal Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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