26.5 cent Commercial Building for Auction in Nagercoil – SIB

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

26.5 cent (≈ 11,543 sq ft)

Reserve price / sq ft

₹1,831

Locality

—

City

Nagercoil

State

Tamil Nadu

Address

Item No.1All that piece and parcel 30 cents of land (26.50 Cents as prior title deeds) comprised in Re Survey No 721/7 and 721/8A1A (Old Sy No 4385,4286 and 4285) of Thiruvithancode Village, Kalkulam Taluk, Eranial Sub Registration District, Kanyakumari Registration District, Kanyakumari District, with a commercial building, having an approximate plinth area of 436.8 Sq Mts bearing No 17-115-1 and 17-115 J constructed thereon along with all other rights and improvements therein, owned by Mr Arun Ram T V and the property being more fully described in the settlement Deed No 4213/2012 dated 17.10.2012 of Eranial Sub Registry and having the following boundaries:East: Property of Aadhi Narayana Perumal,West: Property of Raja Gopalan and othersSouth: Channel RoadNorth: Monday Market Main Road. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Sakkimangalam Branch

Auction type

SARFAESI Auction

Borrower

Mr S***** K**** B S

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 2378484

Price Check

This listing's reserve price works out to ₹1,831 per sq ft. The average across commercial bank auctions in Nagercoil on our site is ₹2,520 per sq ft, so this one is 27% 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 2378484), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹21,13,970 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 ₹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.