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4860 square feet Office for sale in Devanangurichi

Devanangurichi, Namakkal, Tamil Nadu – 637209

Canara Bank · COIMBATORE SPECIALISED ARM BRANCH

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹1,08,00,000
EMD
₹10,80,000
Bid increment
₹1,00,000
Area
4,860 sq ft
Price per sq ft
₹2,222

This is the 8th auction of this property. The reserve price is 5.3% lower than at the last auction (₹1,14,00,000 on 28 Aug 2026, 11:30 AM). Unsold properties usually come back at a lower reserve.

Key dates

  1. Pay EMD and submit bid by23 Oct 2026, 11:00 AM
  2. Auction23 Oct 2026, 11:30 AM – 12:30 PM · in 8 days

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
23 Oct 2026₹1,08,00,000-5.3%Upcoming
28 Aug 2026₹1,14,00,000—Closed
31 Jul 2026₹1,14,00,000-9.4%Closed
25 Jun 2026₹1,25,82,000—Closed
30 Apr 2026₹1,25,82,000-10.0%Closed
24 Mar 2026₹1,39,80,000—Closed
27 Feb 2026₹1,39,80,000-10.0%Closed
29 Jan 2026₹1,55,33,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹10,80,000
Rest of 25% when you win (same or next day)
₹16,20,000
Balance 75%, usually within 15 days
₹81,00,000
Stamp duty and registration (about 5–8%, varies by state)
₹5.40 L – ₹8.64 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 · Office
Possession
Symbolic
Auction type
Bank sale (SARFAESI)
Address
DOOR NO 32, OLD S F NO 261/1A, RSF NO 261/1A2C, WARD NO 8, LAKSHMIPURAM, PALLIPALAYAM VILLAGE, KUMARAPALAYAM TALUK, NAMAKKAL DISTRICT
Borrower
FORTUNE TEXTILES COMPANY

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