3,909 sq ft Land for Auction in Erode – SIB

Property Details

Property type

Land (Land & Agricultural)

Possession

Not specified

Area

3,909 sq ft

Reserve price / sq ft

₹1,773

Locality

—

City

Erode

State

Tamil Nadu

Address

All that part and parcel of land admeasuring 3909 Sq. Ft. along with all constructions, improvements, right of pathway and cart-track. other easementary rights existing and appurtenant thereon situated at Thirumal Nagar under Old S.F.Nos. 140 & 144, R.S.No. 174/5 of Erode Village(Veerappanchathiram), Erode Taluk. Erode District and owned by Late Rameshkumar K, more fully described in Registered Sale Deed No.4343/2018 dated 12.07.2018 of Sub Registrar Office Erode-Joint 1 and bounded on (as per-Title Deed). North: House Site and Building Sold by Angammal alias Pappayammal, Sennimalai Gounder, Jeyasudha, Santhi, Mohan Raj East: Property of A K Palanisamy South: 34 Feet Wide East-West Road West: Property of Angammal alias Pappayammal. Sennimalai Gounder, Jeyasudha, Santhi Mohan Raj View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

South Indian Bank Ltd, Coimbatore - BO

Auction type

SARFAESI Auction

Borrower

M/s.ERODE C*****

Auction start

27 Nov 2026, 02:30 PM

Auction end

27 Nov 2026, 03:30 PM

EMD submission deadline

26 Nov 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹1,773 per sq ft. The average across land & agricultural bank auctions in Erode on our site is ₹1,054 per sq ft, so this one is 68% 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 (open notice).
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 (C1 India), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,93,000 before 26 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 27 Nov 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.