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Residential Plot SARFAESI Auction Symbolic Possession

2,000 sq feet Residential Plot for Sale (Bank Auction) in Nambiyur Sub Registration District Gobichettipalayam Taluk Elathur Village, Erode – Canara

Nambiyur Sub Registration District Gobichettipalayam Taluk Elathur Village, Erode, Tamil Nadu · Auction ID #53560

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Residential Plot photo 1 Residential Plot photo 2
Indicative Price ₹8,83,500
EMD (Earnest Money)—
Bid Increment—
Auction Date Not yet scheduled
EMD Last Date —
Area2,000 sq feet

Property Details

Property type
Residential Plot (Residential)
Possession
Symbolic Possession
Area
2,000 sq feet (≈ 2,000 sq ft)
Reserve price / sq ft
₹442
Locality
Nambiyur Sub Registration District Gobichettipalayam Taluk Elathur Village
City
Erode
Pincode
638458
Address
Nambiyur Sub Registration District Gobichettipalayam Taluk Elathur Village, Tamil Nadu, 638458 View on map

Description (as per sale notice)

Gobi Registration District, Nambiyur Sub Registration District, Gobichettipalayam Taluk, Elathur Village Measuring in total punja hec.9.05.5 punja acre.22.37 of land converted as house site layout and named as "Yogalakshmi Nagar" in this situate Site No.447 situate within the following boundaries:- South of 25 feet breadth east west layout road, North of Site No.448 East of Site No.446 West of 25 feet breadth north south layout road within this, East west 40 feet on both side, North south 50 feet on both side Measuring in total 2,000 square feet (185.80 square meter) of house site. The property is situate in R S No. 397/5 and now subdivided as R.S. No. 397/5A1. The property is appended with right to take cart, cattle, vehicles etc through all Layout roads and mamool roads situte thereon.

BAANKNET Property ID: CNRBPOOSAIRAJA

Bank & Auction Details

Bank / Lender
Canara Bank
Branch
SPECIALISED ARM BRANCH, TIRUCHIRAPPALLI
Auction type
SARFAESI Auction
Borrower
POOSAIRAJA M
Auction start
—
Auction end
—
EMD submission deadline
—
Inspection
—
Authorised officer
—
Officer contact
—

Price Check

This listing's reserve price works out to ₹442 per sq ft. The average across residential bank auctions in Erode on our site is ₹4,344 per sq ft, so this one is 90% 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 (BAANKNET (Property ID CNRBPOOSAIRAJA)), 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 — 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.

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 Canara Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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