1,451 sq feet House for Auction in Erode, Erode – SBI

Property Details

Property type

House (Residential)

Possession

Physical Possession

Area

1,451 sq feet (≈ 1,451 sq ft)

Reserve price / sq ft

₹2,601

Locality

Erode

City

Erode

State

Tamil Nadu

Pincode

638002

Address

ERODE, Tamil Nadu, 638002 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SARB COIMBATORE-10204

Auction type

SARFAESI Auction

Borrower

SUDHA

Auction start

15 Oct 2026, 11:00 AM

Auction end

15 Oct 2026, 04:00 PM

EMD submission deadline

15 Oct 2026, 03:50 PM

Inspection

01 Oct 2026, 11:00 AM – 01 Oct 2026, 04:00 PM

Authorised officer

Shrinath MG

Officer contact

9445395289

E-auction portal

BAANKNET (Property ID SBIN10204SUDHA)

Price Check

This listing's reserve price works out to ₹2,601 per sq ft. The average across residential bank auctions in Erode on our site is ₹4,345 per sq ft, so this one is 40% 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 1 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBIN10204SUDHA)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 15 Oct 2026, 03:50 PM. It is refunded if you don't win.
5. Bid online on 15 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.