1.83 cent House for Auction in Erode – KVB

Property Details

Property type

House (Residential)

Possession

Not specified

Area

1.83 cent (≈ 797 sq ft)

Reserve price / sq ft

₹44,157

Locality

—

City

Erode

State

Tamil Nadu

Address

Erode Registration District, Avalpoondurai Sub Registration District, Modakurichi Taluk, Modakurichi Town Panchayat, Modakurichi Village, Panchalingapuram, Kumarasamy Street, in this property situated at R.S.No.177/3, Old S.F.No.527/C, Door No.55B, 55C, Extent of the property is Acre.1.83 Cents. Nature of the property is Industrial Land and Building. Four Boundaries: North : Muthusamy Property Acre 0.65 South : R.S.No.174/2, Thangamuthu Gounder Land, Muthusamy Land Acre 0.61 East : R.S.No.176, North South Panchayat Road, West : R.S.No.174/1,2, Thangamuthu Gounder land. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Karur Vysya Bank

Branch

Ganapathipalayam Branch

Auction type

SARFAESI Auction

Borrower

M/S V*** R***** M***** R*** 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 2382880

Price Check

This listing's reserve price works out to ₹44,157 per sq ft. The average across residential bank auctions in Erode on our site is ₹4,345 per sq ft, so this one is 916% 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 2382880), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹35,20,000 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 ₹1,00,000.
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.