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OTHERS for sale in Rajapalayam Rajapalayam

Rajapalayam, Virudhunagar, Tamil Nadu – 626117

Bank of India · ARB COIMBATORE

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹10,86,00,000
EMD
₹1,08,60,000
Bid increment
₹50,000

This is the 2nd auction of this property. The reserve price is 1.8% lower than at the last auction (₹11,05,65,000 on 10 Mar 2026, 10:00 AM). Unsold properties usually come back at a lower reserve.

Key dates

  1. Inspect the property8 Oct 2026, 10:00 AM – 26 Oct 2026, 5:00 PM
  2. Pay EMD and submit bid by27 Oct 2026, 4:00 PM
  3. Auction27 Oct 2026, 11:00 AM – 5:00 PM · in 12 days

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
27 Oct 2026₹10,86,00,000-1.8%Upcoming
10 Mar 2026₹11,05,65,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹1,08,60,000
Rest of 25% when you win (same or next day)
₹1,62,90,000
Balance 75%, usually within 15 days
₹8,14,50,000
Stamp duty and registration (about 5–8%, varies by state)
₹54.30 L – ₹86.88 L

You may bid above the reserve in steps of ₹50,000. 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 · Others
Possession
Symbolic
Address
Janakiram Mills Premises, Srivilliputtur Road, Post Box No.4, Sakthi Nagar, Rajapalayam - 626117.
Borrower
M/s Sundar Tyres and Wheels Private Limited

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