2.8 acre Land & Building for Auction in Erode – Repco

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

2.8 acre (≈ 1,21,968 sq ft)

Reserve price / sq ft

₹16

Locality

—

City

Erode

State

Tamil Nadu

Address

All that Piece and Parcel of the property of land and Building Erode Registration District, Aval Poondurai Sub Reg. District, Erode District, Perundurai Taluk, Thenmugam Vellode Village, Abirami Nagar-II, Ulagapuram Street Name, Old S.F. No: 259 B, Patta No.3234, R.S.No.317, Present R.S.No.317/1.Total extent: 1.13.50 Hec (2.80 Acres)In the above survey field, a part of land having an extent of 1.50 acres with specific boundaries, which was divided as house sites in the name of Abirami Nagar-II, by obtained the approval from DTCP Salem, in file No. 15302/2018 dated 29.11.2018 and through the regularization proceedings by the Block Development officer, Chennimalai Panchayat Union in file No.68/2022, and one such site in the layout, bearing No.20, measuring, east west northern side 25 feet, east west southern side 25 feet, north south eastern side 40 feet, north south western side 40 feet, i.e. total extent of 1000 sq.ft (92.90 sq.mtr) within the following East to 20 feet north south roadboundaries:-Repco West to Site No.13 North to site No.19 South to site No.21 with the rights to use the common roads formed in the lay with the rights to use the common roads formed in the layout and all other rights attachedto the above property and the same is located in Kumaravalasu village Panchayat Limits.New Sub Division R.S.No. 317/1A. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Repco Home Finance

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

29 Dec 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 472918

Price Check

This listing's reserve price works out to ₹16 per sq ft. The average across residential bank auctions in Erode on our site is ₹3,651 per sq ft, so this one is 100% 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 (AuctionTiger · Auction ID 472918), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on 29 Dec 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.