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House SARFAESI Auction Symbolic Possession

360 sq meter House for Auction in Madikeri, Madikeri – IOB

Madikeri, Madikeri, Karnataka · Auction ID #95802

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House for auction in Madikeri, Madikeri – IOB – photo 1
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House for auction in Madikeri, Madikeri – IOB – photo 5
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Reserve Price ₹78,67,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 04 Nov 2026, 11:18 AM
EMD Last Date 03 Nov 2026, 06:30 PM
Area360 sq meter
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Property Details

Property type
House (Residential)
Possession
Symbolic Possession
Area
360 sq meter (≈ 3,875 sq ft)
Reserve price / sq ft
₹2,030
Locality
Madikeri
Pincode
571214
Address
Madikeri, Karnataka, 571214 View on map

Description (as per sale notice)

Property bearing property no 151800103000600436 as seen form 9 and 11A vide certificate No.7984230 issued on 24.11.2020 bearing SY no. 41/12 with extent 0.10 acre or 400 Sq Mtrs. With abuilding measuring 300 sq.mtrs situated at Yemmemadu Village & Post, Madikeri Taluka, Kodgu District and bounded on the North: Block I of SY no 41/6 South: Road East: SY no 40 West : Block I of SY no 41/6

BAANKNET Property ID: IOBA2564SOORYA
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Bank & Auction Details

Branch
NAPOKLU-2564
Auction type
SARFAESI Auction
Borrower
soorya c***** ( P**** K M J*****
Auction start
04 Nov 2026, 11:18 AM
Auction end
04 Nov 2026, 02:18 PM
EMD submission deadline
03 Nov 2026, 06:30 PM
Inspection
16 Oct 2026, 10:17 AM – 03 Nov 2026, 06:18 PM
Authorised officer
MUNNA KUMAR VERMA AUTHORISED OFFICER
Officer contact
9752901411
E-auction portal
BAANKNET (Property ID IOBA2564SOORYA)
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Price Check

This listing's reserve price works out to ₹2,030 per sq ft. The average across residential bank auctions in Madikeri on our site is ₹2,612 per sq ft, so this one is 22% 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 16 Oct 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID IOBA2564SOORYA)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 03 Nov 2026, 06:30 PM. It is refunded if you don't win.
  5. Bid online on 4 Nov 2026 starting above the reserve price.
  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.

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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 Indian Overseas Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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