10,710 sq feet Commercial Building for Auction in Kodangipalayam, Palladam, Tiruppur – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

10,710 sq feet (≈ 10,710 sq ft)

Reserve price / sq ft

₹1,823

Locality

Kodangipalayam, Palladam

City

Tiruppur

State

Tamil Nadu

Pincode

641662

Address

KODANGIPALAYAM, Palladam, Tamil Nadu, 641662 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

COIMBATORE SPECIALISED ARM BRANCH

Auction type

SARFAESI Auction

Borrower

M/s P***** m****

Auction start

09 Oct 2026, 11:30 AM

Auction end

09 Oct 2026, 12:30 PM

EMD submission deadline

09 Oct 2026, 11:00 AM

Inspection

05 Oct 2026, 10:00 AM – 05 Oct 2026, 05:00 PM

Authorised officer

AJITH KUMAR D

Officer contact

8778857966

E-auction portal

BAANKNET (Property ID CNRB304536294)

Price Check

This listing's reserve price works out to ₹1,823 per sq ft. The average across commercial bank auctions in Tiruppur on our site is ₹3,900 per sq ft, so this one is 53% 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 5 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB304536294)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 09 Oct 2026, 11:00 AM. 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.