3,000 sq ft Land & Building for Auction in Vellore – SIB

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

3,000 sq ft

Reserve price / sq ft

₹1,513

Locality

—

City

Vellore

State

Tamil Nadu

Address

All that part and parcel of land admeasuring 3000 Sq.ft along with building thereon in Kondasamudram Panchayath admeasuring 2127 Sq. ft. (approx) along with all other constructions, improvements, easementary rights existing and appurtenant thereon situated in Plot No. 11, 12, 13, Sri Ragavendira Nagar under Sy No. 5/3 within Pichanoor Village, Gudiyattam Taluk, Vellore District and owned by Mr. Saravanan morefully described in Sale Deed No. 9016/2013 dated 03-10-2013 of Sub Registrar Office Gudiyattam and bounded on North: Karthigeyan's property, South: 23 Feet Road, East: Plot No.10, West: 20 Feet Road. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Vellore

Auction type

SARFAESI Auction

Borrower

Mr. S*****

Auction start

13 Oct 2026, 12:30 PM

Auction end

13 Oct 2026, 01:30 PM

EMD submission deadline

12 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2410112

Price Check

This listing's reserve price works out to ₹1,513 per sq ft. The average across residential bank auctions in Vellore on our site is ₹3,474 per sq ft, so this one is 56% 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 (bankauctions.in (4Closure) · Listing 2410112), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹4,53,900 before 12 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 13 Oct 2026 starting above the reserve price, in multiples of ₹20,000.
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.