4,400 sq ft Land & Building for Auction in Erode – KVB

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

4,400 sq ft

Reserve price / sq ft

₹14,091

Locality

—

City

Erode

State

Tamil Nadu

Address

SCHEDULE-A: (Details of the mortgaged property of K.Arunkumar and K. Sivaramanan): Property No.1: Erode District, Erode Registration District, Erode Sub Registration District, Erode Taluk. Erode Town, Old Revenue Ward No.1, Old Block No.20. Old T.S.No.600/2 part, 603/2 part, Presently New Re-Survey Ward-E, New Block No.23 and 21, New T.S.No.2/1 part, 6/1 part, Erode Housing Unit, Periyar Nagar, in this, Item No. I-HIG Plot No.131 (Re Survey Ward-E, New Block No.21, New T.S.No.6/1): East of HIG 130, West of HIG 132, North of 50 feet width East-West road, South of LIG 21 & 22. Admeasuring, East-West on both sides 40 feet, North-South on both sides 80 feet. Within the said measurements an extent of 3200 sq.ft., of property. Item No.II-Eastern portion of HIG Plot No. 130 (Re Survey Ward-E, New Block No.23, New T.S.No.2/1): East of western portion of H 130, West of HIG 131, North of 50 feet width East-West road, South of LIG 23 24. Admeasuring, East-West on both sides 15 feet. North-South on both sides 80 feet. Within the said measurements an extent of 1200 sq.ft., of property. Total 3200 1200 4400 sq.ft., of property with terraced house buildings and all other appurtenances thereon and rights to use the common roads etc., The schedule property is presently situated within the limits of Erode City Municipal Corporation and ward No.44. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Palayamkottai

Auction type

SARFAESI Auction

Borrower

M/s A*** M*****

Auction start

30 Sep 2026, 11:00 AM

Auction end

30 Sep 2026, 12:00 PM

EMD submission deadline

29 Sep 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2378320

Price Check

This listing's reserve price works out to ₹14,091 per sq ft. The average across residential bank auctions in Erode on our site is ₹4,345 per sq ft, so this one is 224% 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 (bankauctions.in (4Closure) · Listing 2378320), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹62,00,000 before 29 Sep 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 30 Sep 2026 starting above the reserve price, in multiples of ₹5,00,000.
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.