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Individual House for sale in Sathyamangalam

Sathyamangalam, Erode, Tamil Nadu – 638401

Indian Bank · SATHYAMANGALAM - 1483

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹30,90,000
EMD
₹3,09,000
Bid increment
₹25,000

This is the 2nd auction of this property. The reserve price is 13.6% lower than at the last auction (₹35,78,000 on 27 Aug 2026, 10:00 AM). Unsold properties usually come back at a lower reserve.

Key dates

  1. Inspect the property14 Oct 2026, 10:00 AM – 30 Oct 2026, 4:00 PM
  2. Pay EMD and submit bid by31 Oct 2026, 2:00 PM
  3. Auction31 Oct 2026, 10:00 AM – 3:00 PM · in 15 days

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
31 Oct 2026₹30,90,000-13.6%Upcoming
27 Aug 2026₹35,78,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹3,09,000
Rest of 25% when you win (same or next day)
₹4,63,500
Balance 75%, usually within 15 days
₹23,17,500
Stamp duty and registration (about 5–8%, varies by state)
₹1.54 L – ₹2.47 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
Residential · Individual House
Possession
Symbolic
Auction type
Bank sale (SARFAESI)
Address
Site No.9, Resurvey Ward-D, Block No.7, T.S.No.12/2B, Old S.No.182A, 82B, 183A,B, new S.No.331/2, Mullai nagar, Kullankaradu Road, Vadakkupettai, Sathyamangalam Village & Municipality, Sathyamangalam Taluk, Erode District 638401
Borrower
K Rajkumar

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