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Commercial Building SARFAESI Auction Symbolic Possession

3.43 acres Commercial Building for Sale (Bank Auction) in Karur, Karur – SBI

Karur, Karur, Tamil Nadu · Auction ID #57064

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Commercial Building photo 1 Commercial Building photo 2
Indicative Price ₹3,43,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date Not yet scheduled
EMD Last Date —
Area3.43 acres

Property Details

Property type
Commercial Building (Commercial)
Possession
Symbolic Possession
Area
3.43 acres (≈ 1,49,410 sq ft)
Reserve price / sq ft
₹230
Locality
Karur
City
Karur
Pincode
639003
Address
Karur, Tamil Nadu, 639003 View on map

Description (as per sale notice)

All that piece and parcel of vacant land belonging to V. A. Paneerselvam (Document No. 1823/2015 dated 17/03/2015, SRO, Karur West) at Karur Registration District, West Karur Sub Registratipn District, Karur District, Karur Taluk, Thalapatti Village, S.F.N0.311/A4 Hec.0.75.0 Ac. 1.85 S.F.N0.311/A5 Hec.0.64.0 Ac.1.58 Total Hec.1.39.0 Ac.3.43 The said extent of Ac.3.43 within the following four boundaries: South of : purambokku pathway East of : north-south pathway in S.F.No.311/A3 West of : the land of Vaiyammal North of : the land of Koolammal @ Ramakkal The said extent of Ac.3.43 with mamool pathway rights etc.

BAANKNET Property ID: SBINKANGAROO1

Bank & Auction Details

Bank / Lender
State Bank of India
Branch
SAMB COIMBATORE-16454
Auction type
SARFAESI Auction
Borrower
KANGAROO H***** I**** P***** L*****
Auction start
—
Auction end
—
EMD submission deadline
—
Inspection
—
Authorised officer
—
Officer contact
—

Price Check

This listing's reserve price works out to ₹230 per sq ft. The average across commercial bank auctions in Karur on our site is ₹2,985 per sq ft, so this one is 92% 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 SBINKANGAROO1)), 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 State Bank of India. Always verify every detail with the official notice and the authorised officer before paying any money.

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