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House SARFAESI Auction Symbolic Possession

4,848 sq feet House for Sale (Bank Auction) in Coimbatore – IOB

Coimbatore, Tamil Nadu · Auction ID #54856

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House photo 1
Indicative Price ₹6,39,11,000
EMD (Earnest Money)—
Bid Increment—
Auction Date Not yet scheduled
EMD Last Date —
Area4,848 sq feet

Property Details

Property type
House (Residential)
Possession
Symbolic Possession
Area
4,848 sq feet (≈ 4,848 sq ft)
Reserve price / sq ft
₹13,183
Locality
—
Pincode
641011
Address
Coimbatore, Tamil Nadu, 641011 View on map

Description (as per sale notice)

The property at S.F No.394,375 and 395/1 in TS No.12/147/2, Ward No.12, Old Door no.22A, New Door No.12 A, “AMRIT” Site No.7, TP Scheme no.6 , Old Municipal ward no.88, New Municipal ward no 15, Ramlinga Nagar -4th Cross , Sanganoor Village, Coimbatore Corporation 641 011, measuring an extent of 4848 Sq ft of land and toal constructed area of 4198 Sq.ft (3764 Sq.ft as per Approved plan) in Ground Floor and First floor with portico. The above property situated within the Sub-Registration District of Gandhipuram in Coimbatore Taluk and Registration District of Coimbatore and bounded as follows: North by – the land sold by Thiru. V Palanisamy Naidu, South By – 40 feet East West Scheme Road East By – the land measuring 639 sq ft, left for road and the North South Road, West By – L N Mudaliar’s House and compound wall belonging to him. Together with Building, water connection, Electric Service Connection and all other appurtenances.

BAANKNET Property ID: IOBA15510102

Bank & Auction Details

Branch
SPECIALISED ARM BRANCH, COIMBATORE-1551
Auction type
SARFAESI Auction
Borrower
J B C*****
Auction start
—
Auction end
—
EMD submission deadline
—
Inspection
—
Authorised officer
—
Officer contact
—

Price Check

This listing's reserve price works out to ₹13,183 per sq ft. The average across residential bank auctions in Coimbatore on our site is ₹3,396 per sq ft, so this one is 288% 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.
  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 IOBA15510102)), 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 Indian Overseas Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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