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Residential Plot SARFAESI Auction Symbolic Possession

4,373 sq feet Residential Plot for Auction in Tiruppur – IOB

Tiruppur, Tamil Nadu · Auction ID #5839

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Residential Plot photo 1
Reserve Price ₹1,45,39,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 09 Oct 2026, 10:30 AM In 9 days
EMD Last Date 08 Oct 2026, 10:00 PM In 8 days
Area4,373 sq feet

Property Details

Property type
Residential Plot (Residential)
Possession
Symbolic Possession
Area
4,373 sq feet (≈ 4,373 sq ft)
Reserve price / sq ft
₹3,325
Locality
—
Pincode
641603
Address
Tiruppur, Tamil Nadu, 641603 View on map

Description (as per sale notice)

All the part and parcel of vacant site of area 4374 Sq. Ft. at site no.19 & 20 South Part, Survey No.18 & 20, Ward No.3, Sri Vigneshwara Nagar, Thottipalayam Village, Tirupur Taluk, Tirupur Registration District, Pichampalayam, Tirupur1.04 acres of vacant land at Tirupur Registration District. Boundaries of the property: As per deed North by: Site No.20 North part South by: Site No.18 North part East by : Site No.14 one part & Site No.15 West by: 30 Feet North-South layout road. As per actual North by: Building South by: Building East by : Building West by: 30 Feet North-South layout road. Dimension of Site: North by: 81’9” South by: 81’9” East by : 53’6” West by : 53’6” Total extent of site 4374 Sq. Ft. within this a vacant house site land with mamool pathway rights etc.

BAANKNET Property ID: IOBAPANNEER2

Bank & Auction Details

Branch
SPECIALISED ARM BRANCH, COIMBATORE-1551
Auction type
SARFAESI Auction
Borrower
K M P***** S***** M***** & P R*****
Auction start
09 Oct 2026, 10:30 AM
Auction end
09 Oct 2026, 01:30 PM
EMD submission deadline
08 Oct 2026, 10:00 PM
Inspection
18 Sep 2026, 10:00 AM – 08 Oct 2026, 06:00 PM
Authorised officer
Mukesh Kumar
Officer contact
7890715331

Price Check

This listing's reserve price works out to ₹3,325 per sq ft. The average across residential bank auctions in Tiruppur on our site is ₹3,725 per sq ft, so this one is 11% 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 18 Sep 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID IOBAPANNEER2)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 08 Oct 2026, 10:00 PM. It is refunded if you don't win.
  5. Bid online on 9 Oct 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.

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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