5.04 acre Residential Plot for Auction in Erode – KVB

Property Details

Property type

Residential Plot (Residential)

Possession

Not specified

Area

5.04 acre (≈ 2,19,542 sq ft)

Reserve price / sq ft

₹674

Locality

—

City

Erode

State

Tamil Nadu

Pincode

522532

Address

SCHEDULE-C: (Details of the mortgaged property of K. Arunkumar and K. Sivaramanan): Property No.3: Erode District, Erode Registration District, Erode Sub Registration District, Erode Taluk, Vendipalayam Village, R.S.Nos 522, 523, 524, Old S.F.Nos 105, 106, in this Survey Fields an extent of 5.25 acre of land in this 3.25 acre of land. In the same Village, Old S.F.No.105, in this survey field an extent of 3.74 acre of land in this 2.00 acre of land, in which an extent of 0.21 acre of land (R.S.No.53/2) sold, and the remaining extent of 1.79 acre of land and the R.S.Nos.522 532. Total: 3.25 1.79 5.04 acre of land and rights to use the common roads etc... As per Patta and dry land certificate In the same Village, R.S.Nos 522, 523, 524, in this the schedule property is Bounded by: North-Vendipalayam Village R.S.No.52/1 (Vannan Kuttai). East-Vendipalayam Village R.S.No.51, West-Erode 'C' Village boundary, South-Vendipalayam Village R.S.No.53. Within the said boundaries an extent of 4.85 acre of land and rights to use the common roads etc., 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 2378340

Price Check

This listing's reserve price works out to ₹674 per sq ft. The average across residential bank auctions in Erode on our site is ₹4,345 per sq ft, so this one is 84% 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 2378340), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,48,00,000 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.