2.29 cent Land for Auction in Erode – Equitas SFB

Property Details

Property type

Land (Land & Agricultural)

Possession

Not specified

Area

2.29 cent (≈ 998 sq ft)

Reserve price / sq ft

₹1,192

Locality

—

City

Erode

State

Tamil Nadu

Address

Property owned by Mr.K.Ashokkumar All that the piece and parcel of the immovable property in Erode Registration District, Erode Sub-Registration District, Erode District, Erode Taluk, in the Limit of Erode Corporation, Erode "C" Village, [Kasipalayam] S.F.No.1198/1B Dry Land Hectares 6.32 Asst Rs. 10.68 its New R.S.No. 1317/1 it Sub Division R.S.No.1317/1A Dry Land Hectares 0.92.96 [Dry Land Acre 2.291⁄2] AsstRs. 3.89 Sub Divided as R.S.No.1317/1A1 Dry Land Hectares 0.07.59 Asst Rs.0.32 [Patta No.7113], R.S.No.1317/1A2 Dry Land Hectares 0.11.36 Asst Rs.0.47 [Patta No.7113], R.S.No. 1317/1A3 Dry Land Hectares 0.00.36 Asst Rs.0.02 [Patta No.8401], R.S.No.1317/1A4 Dry Land Hectares 0.00.37 Asst Rs.0.02 [Patta No.8402], R.S.No.1317/1A5 Dry Land Hectares 0.17.00 Asst Rs.0.71 [Patta No.7113], R.S.No.1317/1A6 Dry Land Hectares 0.18.43 Asst Rs.0.77 [Patta No.7113], R.S.No.1317/1A7 Dry Land Hectares 0.23.29 Asst Rs.0.97 [Patta No.8402], R.S.No.1317/1A8 Dry Land Hectares 0.03.70 Asst Rs.0.15 [Patta No.7113], R.S.No.1317/1A9 Dry Land Hectares 0.10.86 Asst Rs.0.45 [Patta No.7113] Totaling Dry Land Hectares 0.92.96 Dry Land Acre 2.292 Cents of Land has been converted into Plots and has been Approved by DTCP Application No.ROC No.80HG045W/ 2023/TCP Dated 27.09.2023, and has been Approved by Erode Town Development Office through ROC No.80HG045W/ 2023/TCP dated 04.12.2023, and the Said property has been approved by Erode Commissioner thorugh Na.Ka.No. E1/752/2024 dated 04.07.2024, Deputy Com View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Equitas Small Finance Bank

Branch

Equitas Small Finance Bank Ltd. Anna Salai, Chennai - BO

Auction type

SARFAESI Auction

Borrower

Mr. A**** K**** K

Auction start

12 Nov 2026, 11:00 AM

Auction end

12 Nov 2026, 11:30 AM

EMD submission deadline

11 Nov 2026, 01:00 PM

Inspection

08 Oct 2026, 10:00 AM – 06 Nov 2026, 04:00 PM

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹1,192 per sq ft. The average across land & agricultural bank auctions in Erode on our site is ₹1,298 per sq ft, so this one is 8% 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 (open notice).
2. Inspect the property on 8 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹1,19,000 before 11 Nov 2026, 01:00 PM. It is refunded if you don't win.
5. Bid online on 12 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
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.