1 acres Office for Auction in Chinthamani, Tenkasi – Indian Bank

Property Details

Property type

Office (Commercial)

Possession

Symbolic Possession

Area

1 acres (≈ 43,560 sq ft)

Reserve price / sq ft

₹2,227

Locality

Chinthamani

City

Tenkasi

State

Tamil Nadu

Pincode

627855

Address

Chinthamani, Tamil Nadu, 627855 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

VASUDEVANALLUR - 1366

Auction type

SARFAESI Auction

Borrower

K P*****

Auction start

05 Oct 2026, 10:00 AM

Auction end

05 Oct 2026, 04:00 PM

EMD submission deadline

05 Oct 2026, 03:30 PM

Inspection

22 Sep 2026, 12:00 PM – 04 Oct 2026, 05:00 PM

Authorised officer

S SUTHAKAR

Officer contact

9442202521

E-auction portal

BAANKNET (Property ID IDIB7613029195)

Price Check

This listing's reserve price works out to ₹2,227 per sq ft. The average across commercial bank auctions in Tenkasi on our site is ₹2,226 per sq ft, so this one is 0% 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 22 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB7613029195)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 05 Oct 2026, 03:30 PM. It is refunded if you don't win.
5. Bid online on 5 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.