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Commercial Building in Erode, Tamil Nadu (bank auction)

About this property

This is a 170 sq ft commercial building in Erode, Tamil Nadu. Possession is symbolic: the bank has legal possession, but someone may still be occupying the property, which can delay handover.

The reserve price, the lowest price at which the bank will sell, is ₹31,05,000 (₹31.05 L). To bid you first pay an earnest money deposit (EMD) of ₹3,10,500 (about 10% of the reserve price), which must reach the bank by 24 Nov 2026, 11:59 PM IST. The e-auction is on 25 November 2026 from 12:30 PM to 1:30 PM IST on baanknet.com. The property can be inspected: Any working day, 11 am to 4 pm, by appointment.

Property description

Land of 170 sq ft (15.79 sq m), 17 ft east to west and 10 ft north to south on both sides, with an ACC-sheet-roofed building, previous Door No. 50, now Door No. 41, Brindha Street (Brindhachari Street), T.S. No. 536, Ward No. 17, new resurvey Ward C, Block No. 32, T.S. No. 101, Erode Town, within Erode Corporation limits, Erode Taluk, Erode District, Tamil Nadu, Erode sub-registration district. Property tax assessment No. 056/027/00255 (Ward 27), electricity service connection No. 04-001-013-149. Sold with doors, electric fittings and meter connection; common rights in the east-west wall on the northern side and full rights to the walls on the other three sides; the right to drain roof water on the western side; no right to keep windows or almirahs in the northern and western walls. The bank has taken constructive possession.

Boundaries

North by: Shop house of another owner, South by: House of another owner, East by: North-south Brindhachari Street, West by: Tiled house of another owner.

Auction details

Reserve price
₹31,05,000 (₹31.05 L)
EMD (earnest money deposit)
₹3,10,500
Auction starts
25 Nov 2026, 12:30 PM IST
Auction ends
25 Nov 2026, 1:30 PM IST
Last date for EMD / bids
24 Nov 2026, 11:59 PM IST
Inspection
Any working day, 11 am to 4 pm, by appointment
Property type
Commercial Building
Area
170 sq ft
Possession
Symbolic
Location
Erode, Tamil Nadu
Reference
LA-5315

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Auction starts in 2 weeks.

Before you bid

  • Inspect the property on the inspection date.
  • Check title, dues and encumbrances: the sale is “as is, where is”.
  • Pay the EMD before the deadline and register on the e-auction website.
  • Read the bank’s sale notice and its terms in full.

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