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Land & Building SARFAESI Auction Symbolic Possession

2,289 sq ft Land & Building for Auction in Namakkal – Chola

Namakkal, Tamil Nadu · Auction ID #79621

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Reserve Price ₹54,00,000
EMD (Earnest Money)₹5,40,000
Bid Increment₹1,00,000
Auction Date 23 Oct 2026, 11:00 AM In 21 days
EMD Last Date 22 Oct 2026, 05:30 PM In 20 days
Area2,289 sq ft

Property Details

Property type
Land & Building (Residential)
Possession
Symbolic Possession
Area
2,289 sq ft
Reserve price / sq ft
₹2,359
Locality
—
Address
All that piece and parcel of land and building in Namakkal District, Namakkal R.D., Magudansavadi Sub R.D., Sangakiri Taluk, Edanganasalai Bit I Village, S.No.619/1, Punjai Hector 1.75.5, Asst. Rs.9.79, out of this acre 0.5 1/4 cents or 2289 sq. feet of land is related to description. The boundaries and measurements for the same are:-South of land belongs to Sithuraj, West of land belongs to Govindhan, East of land belongs to Madesh, North of East West Street, Within the above boundaries are measuring East-West Northern side 52 1/2 feet, Southern side 51 feet, North-South Western side 43 1/2 feet, Eastern side 45 feet, totalling 2289 sq. feet of land or acre 0.05 1/2 cents of land in full and with building and with all Pathway rights and easement rights annexed thereto. The above described property situated within the limit of Edanganasalai Munucipality limit; As per the Property Tax receipt Door No.174, Papapatty kattu Valavu as per the sub-division Patta No. 1971 S.No.619/16A1. View on map

Description (as per sale notice)

totalling 2289 sq. feet of land and building. All that piece and parcel of land and building in Namakkal District, Namakkal R.D., Magudansavadi Sub R.D., Sangakiri Taluk, Edanganasalai Bit I Village, S.No.619/1, Punjai Hector 1.75.5, Asst. Rs.9.79, out of this acre 0.5 1/4 cents or 2289 sq. feet of land is related to description. The boundaries and measurements for the same are:-South of land belongs to Sithuraj, West of land belongs to Govindhan, East of land belongs to Madesh, North of East West Street, Within the above boundaries are measuring East-West Northern side 52 1/2 feet, Southern side 51 feet, North-South Western side 43 1/2 feet, Eastern side 45 feet, totalling 2289 sq. feet of land or acre 0.05 1/2 cents of land in full and with building and with all Pathway rights and easement rights annexed thereto. The above described property situated within the limit of Edanganasalai Munucipality limit; As per the Property Tax receipt Door No.174, Papapatty kattu Valavu as per the sub-division Patta No. 1971 S.No.619/16A1.

Bank & Auction Details

Branch
Fairlands, Salem
Auction type
SARFAESI Auction
Borrower
MURUGESAN N*****
Auction start
23 Oct 2026, 11:00 AM
Auction end
23 Oct 2026, 01:00 PM
EMD submission deadline
22 Oct 2026, 05:30 PM
Inspection
—
Authorised officer
—
Officer contact
—

Price Check

This listing's reserve price works out to ₹2,359 per sq ft. The average across residential bank auctions in Namakkal on our site is ₹2,634 per sq ft, so this one is 10% 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 2403876), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹5,40,000 before 22 Oct 2026, 05:30 PM. It is refunded if you don't win.
  5. Bid online on 23 Oct 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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Cholamandalam Investment and Finance Company. Always verify every detail with the official notice and the authorised officer before paying any money.

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