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VACANT LAND for sale in Olapalayam Coimbatore

Coimbatore, Tamil Nadu – 641107

Canara Bank · COIMBATORE SPECIALISED ARM BRANCH

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹1,96,20,000
EMD
₹19,62,000
Bid increment
₹1,00,000

This is the 8th auction of this property. The last auction had a reserve of ₹1,96,20,000. Unsold properties usually come back at a lower reserve.

Key dates

  1. Pay EMD and submit bid by26 Oct 2026, 11:00 AM
  2. Auction26 Oct 2026, 11:30 AM – 12:30 PM · in 10 days

Auction history

Every auction of this property we have on record
Auction dateReserve priceChangeResult
26 Oct 2026₹1,96,20,000—Upcoming
28 Sep 2026₹1,96,20,000+5.9%Closed
18 Aug 2026₹1,85,25,000—Closed
14 Jul 2026₹1,85,25,000-5.0%Closed
16 Jun 2026₹1,95,00,000—Closed
12 May 2026₹1,95,00,000-5.3%Closed
27 Mar 2026₹2,06,00,000—Closed
20 Feb 2026₹2,06,00,000—Closed

What you'd pay at the reserve price

EMD, before the auction
₹19,62,000
Rest of 25% when you win (same or next day)
₹29,43,000
Balance 75%, usually within 15 days
₹1,47,15,000
Stamp duty and registration (about 5–8%, varies by state)
₹9.81 L – ₹15.70 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
Other · Others
Possession
Symbolic
Auction type
Bank sale (SARFAESI)
Address
S.F.No. 49/B, RS.F.Nos. 489/7, 489/8, 489/9, 489/10 & 489/12, Olapalayam, Pachapalayam Village & Panchayath, Kangeyam Taluk, Tiruppur - 641 107
Borrower
SENTHIL MURUGA SPINNERS

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