1,312 sq ft Commercial Building for Auction in Namakkal – Chola

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

1,312 sq ft

Reserve price / sq ft

₹5,259

Locality

—

City

Namakkal

State

Tamil Nadu

Address

All that piece and parcel of land, R.C.C Terraced Building and premises measuring 1312 Sq.Ft in 3 parts, in Kaspa Namakkal Pettai Village, Thapal Narayanasamy Chetty Street, with part I measuring East west by 51 1/2feet and South North by 17 1/2 feet in total measuring 901 1/2 Sq.Ft, and to the west of this, on the Northerncorner, Part-2, measuring East West by 3 1/4 feet and South North by 6 feet in total measuring 19 1/2 Sq.Ft, to the West of Part-2, the Part-3 measuring East West by 23 feet and South North by 17 feet in total measuring 391 SqFt as such, Part-1, 2 and 3 in total measuring 1312 Sq.Ft, in Old S.No:365/751 with Old Door No:4, New Door No:7, with all the necessary Easement and other rights pertaining to the property, situated within Namakkal Municipality Ward- D, Block 10, T.S.No:199 and in total measuring 1312 Sq.Ft and bounded on the East by South North Bound street West by House of Sundaraiyyar, House of Jalaja Coffee Chettiar North by Property of Varadhaiyyar South by House of Lalitha Situated within the Kaspa Namakkal Village, Namakkal Taluk, Namakkal Joint-II Sub registration Limit, Namakkal Registration District and Namakkal District. (Physical possession) View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Cholamandalam Investment and Finance Company

Branch

Fairlands, Salem

Auction type

SARFAESI Auction

Borrower

JAISANKAR J

Auction start

22 Oct 2026

Auction end

22 Oct 2026, 01:00 PM

EMD submission deadline

21 Oct 2026, 05:30 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 465551

Price Check

This listing's reserve price works out to ₹5,259 per sq ft. The average across commercial bank auctions in Namakkal on our site is ₹4,876 per sq ft, so this one is 8% 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 (AuctionTiger · Auction ID 465551), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹6,90,000 before 21 Oct 2026, 05:30 PM. It is refunded if you don't win.
5. Bid online on 22 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.