4,356 sq feet Commercial Building for Auction in Chinnathadagam, Coimbatore – Indian Bank

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

4,356 sq feet (≈ 4,356 sq ft)

Reserve price / sq ft

₹4,500

Locality

Chinnathadagam

City

Coimbatore

State

Tamil Nadu

Pincode

641108

Address

Chinnathadagam, Tamil Nadu, 641108 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

SAM SMALL COIMBATORE - 1586

Auction type

SARFAESI Auction

Borrower

Sri L***** P**** P*****

Auction start

28 Sep 2026, 11:00 AM

Auction end

28 Sep 2026, 04:00 PM

EMD submission deadline

28 Sep 2026, 04:00 PM

Inspection

21 Sep 2026, 10:00 AM – 22 Sep 2026, 04:00 PM

Authorised officer

V Vijaya Poornima

Officer contact

9442646501

E-auction portal

BAANKNET (Property ID IDIB6428080909A)

Price Check

This listing's reserve price works out to ₹4,500 per sq ft. The average across commercial bank auctions in Coimbatore on our site is ₹2,644 per sq ft, so this one is 70% 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 21 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB6428080909A)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 28 Sep 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 28 Sep 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.