1,355 sq ft Commercial Building for Auction in Erode – Repco

Property Details

Property type

Commercial Building (Commercial)

Possession

Not specified

Area

1,355 sq ft

Reserve price / sq ft

₹2,509

Locality

—

City

Erode

State

Tamil Nadu

Address

All that piece and parcel of land together with building situated at Erode District, Gobichettypalayam Registration District, Gobichettypalayam Joint II Sub-Registry, Gobichettypalayam Taluk, Kalangiam B Village, comprised in New Re-Survey No.327/1A2, Patta No.1627, Punj. Hec. 0.70.50, for this Punj. Acre 1.74 Vz, has been laid into layout of house sites approved vide No.214/2019 and named as Kubera Nagar; in this, Site No.20 is bounded as follows: East of : Site No.21 South of : 30 feet wide East West layout Road West of : Palaniammal land and Village Natham North of : Site No.19 Admeasuring; East to West on the Northern side : 18 feet 9 inch East to West on the Southern side : 27 feet 3 inch South to North on the Eastern side : 56 feet 8 inch (16 feet 9 inch + 39 feet 9 inch) South to North on the Western side: 55 feet Totally 1355 sq.ft. (125.882 sq.mtrs.). The property has got all mamool, pathway and easement rights thereon. As per sub-division, the property presently comprised in Re-Survey No.327/1A2A1A1. As per Patta New Survey No.327/4, Patta No.2059. Note: There is an attachment vide Doc No. 18/2024 and Doc No.5/2025 and Doc No. 11/2025 as per the orders from 3rd Additional District Court, Gobichettypalayam. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Repco Home Finance

Branch

—

Auction type

SARFAESI Auction

Borrower

—

Auction start

13 Oct 2026

Auction end

—

EMD submission deadline

—

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 464652

Price Check

This listing's reserve price works out to ₹2,509 per sq ft. The average across commercial bank auctions in Erode on our site is ₹1,687 per sq ft, so this one is 49% above 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 (AuctionTiger · Auction ID 464652), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before —. It is refunded if you don't win.
5. Bid online on 13 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.