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All auctions / Karnataka / Channapatna

Shops for sale in Channapatna

Channapatna, Ramanagara, Karnataka – 562160

Canara Bank · SPECIALIZED ARM BRANCH, MYSURU

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹55,00,000
EMD
₹5,50,000
Bid increment
₹1,00,000
Area
600 sq ft
Price per sq ft
₹9,167

This is the 4th auction of this property. The reserve price is 10.1% lower than at the last auction (₹61,15,000 on 28 Sep 2026, 11:00 AM). Unsold properties usually come back at a lower reserve.

Key dates

  1. Inspect the property9 Oct 2026, 4:00 PM – 27 Oct 2026, 4:00 PM
  2. Pay EMD and submit bid by27 Oct 2026, 4:01 PM
  3. Auction28 Oct 2026, 11:00 AM – 2:00 PM · in 11 days

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
28 Oct 2026₹55,00,000-10.1%Upcoming
28 Sep 2026₹61,15,000—Closed
29 Aug 2026₹61,15,000—Closed
21 Jul 2026₹61,15,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹5,50,000
Rest of 25% when you win (same or next day)
₹8,25,000
Balance 75%, usually within 15 days
₹41,25,000
Stamp duty and registration (about 5–8%, varies by state)
₹2.75 L – ₹4.40 L

You may bid above the reserve in steps of ₹1,00,000. 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
Commercial · Shops
Possession
Symbolic
Auction type
Bank sale (SARFAESI)
Address
Ward No. 26, Sathanur Road, Munciapl ‘B’ Division, Channapatna Town, Ramanagara District
Borrower
M/s P S A Metals

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