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15246 square feet Shed with Plant and Machinery for sale in Chennimalai

Chennimalai, Erode, Tamil Nadu – 638051

Indian Bank · CHENNIMALAI - 1397

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹29,24,000
EMD
₹2,92,400
Bid increment
₹25,000
Area
15,246 sq ft
Price per sq ft
₹192

This is the 2nd auction of this property. The last auction had a reserve of ₹29,24,000. Unsold properties usually come back at a lower reserve.

Key dates

  1. Inspect the property14 Oct 2026, 10:00 AM – 27 Oct 2026, 4:00 PM
  2. Pay EMD and submit bid by28 Oct 2026, 3:00 PM
  3. Auction28 Oct 2026, 10:00 AM – 4:00 PM · in 11 days

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
28 Oct 2026₹29,24,000—Upcoming
28 May 2026₹29,24,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹2,92,400
Rest of 25% when you win (same or next day)
₹4,38,600
Balance 75%, usually within 15 days
₹21,93,000
Stamp duty and registration (about 5–8%, varies by state)
₹1.46 L – ₹2.34 L

You may bid above the reserve in steps of ₹25,000. If you lose, the EMD is refunded. Check the notice for exact terms and any dues (society, tax, electricity) the buyer must pay.

Property

Type
Industrial · Shed with Plant and Machinery
Possession
Symbolic
Auction type
Bank sale (SARFAESI)
Address
OLD SF NO 679, RSF NO 783/1-pt Near Kandhappa Goundenvalasu Road, Thennerpandal, Murugatholuvu village & Panchayat, Perendurai Road Taluk, Erode Distt Tamilnadu
Borrower
SHANMUGA TRADERS

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