All auctions / Tamil Nadu / Ellandaikuttai
18041 square feet Plot for sale in Ellandaikuttai
Ellandaikuttai, Namakkal, Tamil Nadu – 638008
Indian Overseas Bank · SPECIALISED ARM BRANCH, COIMBATORE-1551
- Reserve price
- ₹2,29,15,000
- EMD
- ₹22,91,500
- Bid increment
- ₹1,00,000
- Area
- 18,041 sq ft
- Price per sq ft
- ₹1,270
This is the 7th auction of this property. The reserve price is 6.6% lower than at the last auction (₹2,45,47,000 on 9 Oct 2026, 10:30 AM). Unsold properties usually come back at a lower reserve.
Key dates
- Inspect the property14 Oct 2026, 10:00 AM – 10 Nov 2026, 6:25 PM
- Pay EMD and submit bid by10 Nov 2026, 10:00 PM
- Auction11 Nov 2026, 10:30 AM – 1:30 PM · in 27 days
Auction history
| Auction date | Reserve price | Change | Result |
|---|---|---|---|
| 11 Nov 2026 | ₹2,29,15,000 | -6.6% | Upcoming |
| 9 Oct 2026 | ₹2,45,47,000 | -6.2% | Closed |
| 10 Sep 2026 | ₹2,61,83,000 | -11.1% | Closed |
| 19 Aug 2026 | ₹2,94,56,000 | -10.0% | Closed |
| 23 Jul 2026 | ₹3,27,30,000 | -12.0% | Closed |
| 22 Jun 2026 | ₹3,72,00,000 | -10.6% | Closed |
| 26 May 2026 | ₹4,16,00,000 | — | Closed |
What you'd pay at the reserve price
- EMD, before the auction
- ₹22,91,500
- Rest of 25% when you win (same or next day)
- ₹34,37,250
- Balance 75%, usually within 15 days
- ₹1,71,86,250
- Stamp duty and registration (about 5–8%, varies by state)
- ₹11.46 L – ₹18.33 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
- Residential · Plot
- Possession
- Symbolic
- Auction type
- Bank sale (SARFAESI)
- Address
- Vacant land with extent of 18041 Sq. Ft. at Pymash No. 187 (Pacharsanthar Boomi), Door No.4, 447/1, 4, 447/2 to 5, SF No. 168/3, R S No. 168/3B2, Ward No.2, Kumaran Nagar, Opposite to Jayalakshmi Theatre, Pallipalayam to Kumarapalayam Main Road, Kumarapalayam Taluk, Namakkal-638008, in the name of Mr. M P Sakthivel, S/o Mr. K M Panneerselvam and Mrs. R Subha, W/o Mr. K M Panneerselvam. Item:1: Property belongs to Mr. M P Sakthivel An extent of 8485 Sq. FT. of land situate within the following boundaries: North of: 30 Links width east-west cart track East of : Property belongs to Mrs. R Subha South of: Orakuli Kadu West of : Property belongs to Mrs. P Rajamani Measuring East west on the North side 67’8’’ East west on the South side 70’6’’ North south on the east side 115’ North south on the west side 130’6’’ Item:2: Property belongs to Mrs. R Subha An extent of 9556 Sq. FT. of land situate within the following boundaries: North of: 30 Links width east-west cart track East of : Mrs. Rajamani property South of: Orakuli Kadu West of : Property belongs to Mr. M P Sakthivel Measuring East west on the North side 67’8’’ East west on the South side 70’6’’ North south on the east side 130’6 North south on the west side 146’ The item No. 1 & 2 property totally to the extent of 18041 Sq. Ft. with entire super structures therein with accessories situated within ward no. 4 of Pallipalayam Agraharam Village Panchayat bearing Door No.4-447, 4-447/2, 3, 4, 5, 6, 7 & 8.
- Borrower
- Rakshitha Textiles
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