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Auction date awaited. The bank has listed this property for sale but has not scheduled the auction yet. The price shown is the bank's indicative price. Save it or get free alerts — once the auction is announced it will appear in our auction listings with the reserve price, EMD and date.

House SARFAESI Auction Symbolic Possession

11,674 sq feet House for Sale (Bank Auction) in 171/2, Raja Street, Muthu Nagar, Perundurai, Erode-638052, Karumandi Chellipalayam, Erode – PSB

171/2, Raja Street, Muthu Nagar, Perundurai, Erode-638052, Karumandi Chellipalayam, Erode, Tamil Nadu · Auction ID #56363

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House photo 1
Indicative Price ₹9,64,78,000
EMD (Earnest Money)—
Bid Increment—
Auction Date Not yet scheduled
EMD Last Date —
Area11,674 sq feet

Property Details

Property type
House (Residential)
Possession
Symbolic Possession
Area
11,674 sq feet (≈ 11,674 sq ft)
Reserve price / sq ft
₹8,264
Locality
171/2, Raja Street, Muthu Nagar, Perundurai, Erode-638052, Karumandi Chellipalayam
City
Erode
Pincode
638052
Address
171/2, Raja Street, Muthu Nagar, Perundurai, Erode-638052, Karumandi Chellipalayam, Tamil Nadu View on map

Description (as per sale notice)

Item No 1: All that piece and parcel of land and building at Old SF No. 59A, New SF No.792/3 and as per sub division S.F. no 792/3D measuring 23 cents & 375/436 sq ft in perundurai in the name of Mrs R Sudha. Item No 2: All that piece and parcel of land and building at Old SF No 59A, New S.F. No.792/3 and as per sub division S.F. no 792/3E2A measuring 440 Sq ft in perundurai in the name of Mrs R Sudha. Item No 3: All that piece and parcel of land and building at Old S F No 59A, New S.F. No.792/3C and as per sub division S.F. no. 792/3C4 measuring 840 Sq. ft. in Perundurai Village in the name of Mrs R Sudha. Details of the Title Deed: Release Deed No.9538/2022 Dated 03.12.2022 and MOD No.1714/2023 dated 14.03.2023 Property bounded as: Item No.1 East of: New S.F.No.793 North South Road North of: S.F.No.792/3D Property of Danalakshmi West of: S.F.No.792/3E Property situated in item no.2 South of: Property of Thangaraj in item no.2. Item No.2 East of: S.F.No.792/3D North of: S.F.No.792/3F West of: Property of ER Swaminathan and PM Thangaraj South of: Property of PM Thangaraj Item No.3 East of: Property of Thangaraj North of: Property situated in item no.1 West of: Property of PM Thangaraj South of: 20 Feet East West Common Road. Total Extent 11674 Sq.Ft (or) 26.79 Cents

BAANKNET Property ID: PSIB00020

Bank & Auction Details

Bank / Lender
Punjab & Sind Bank
Branch
COIMBATORE-C0486
Auction type
SARFAESI Auction
Borrower
M/S S** E***** P***** – 1***** R***** W** L*** P***** & 2**** K***** S***** S** S*****
Auction start
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Auction end
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EMD submission deadline
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Inspection
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Authorised officer
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Officer contact
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Price Check

This listing's reserve price works out to ₹8,264 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% 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 PSIB00020)), 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 Punjab & Sind Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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