All auctions / Tamil Nadu / Chennimalai
28Oct
43560 square feet Shed with Plant and Machinery for sale in Chennimalai
Chennimalai, Erode, Tamil Nadu – 638051
Indian Bank · CHENNIMALAI - 1397
- Reserve price
- ₹88,76,000
- EMD
- ₹8,87,600
- Bid increment
- ₹25,000
- Area
- 1.00 acres
- Price per sq ft
- ₹204
This is the 2nd auction of this property. The last auction had a reserve of ₹88,76,000. Unsold properties usually come back at a lower reserve.
Key dates
- Inspect the property14 Oct 2026, 10:00 AM – 27 Oct 2026, 4:00 PM
- Pay EMD and submit bid by28 Oct 2026, 3:00 PM
- Auction28 Oct 2026, 10:00 AM – 4:00 PM · in 12 days
Auction history
| Auction date | Reserve price | Change | Result |
|---|---|---|---|
| 28 Oct 2026 | ₹88,76,000 | — | Upcoming |
| 28 May 2026 | ₹88,76,000 | — | Closed |
What you'd pay at the reserve price
- EMD, before the auction
- ₹8,87,600
- Rest of 25% when you win (same or next day)
- ₹13,31,400
- Balance 75%, usually within 15 days
- ₹66,57,000
- Stamp duty and registration (about 5–8%, varies by state)
- ₹4.44 L – ₹7.10 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
- DOOR NO 8/225, 8/67, 8/191, 4/241, OLD SF NO 679, RSF NO 783/1-pt, Kandhappa Goundenvasu Road, Thannerpandal, Murugatholuvu Village & Panchayat, Perundurai taluk, Erode District-638051
- Borrower
- MS SANMUGA TRADERS
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15246 square feet Shed with Plant and Machinery for sale in Chennimalai
Chennimalai, Erode, Tamil Nadu
Indian Bank Industrial · Shed with Plant and Machinery
2nd auction15,246 sq ftSymbolic possession
in 12 days
₹29.24 L
₹192/sq ft
