Chaibasa Godown Auction: Godowns (11.05 sq ft) – Reserve ₹12.78 Cr (22 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-367801
Property Description
Looking for a godown below market price in Chaibasa? The Chaibasa godown auction by Canara Bank is scheduled for 22 Oct 2026. On offer is a godowns in Chaibasa, West Singhbhum (PIN 833204), with 11.05 sq ft carpet area. The online auction runs on 22 October 2026 (12:00 PM to 2:00 PM) with a reserve price of ₹12,78,00,000.
The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.
Table of Contents
Table of Contents
Chaibasa Godown Auction: Key Highlights
- Reserve price: ₹12,78,00,000 (₹12.78 Cr)
- EMD: ₹1,27,80,000
- Bid increment: ₹50,000
- Auction: 22 October 2026, 12:00 PM to 2:00 PM
- Last date for EMD: 21 October 2026, 5:00 PM
- Location: Chaibasa, West Singhbhum, Jharkhand
- Possession: Symbolic
Chaibasa Godown Auction – Complete Details
| Auction ID | 367801 |
| Bank property ID | CNRB0247KJ |
| Bank | Canara Bank |
| Branch | Specialized Arm Branch, Ranchi |
| Property type | Commercial – Godowns |
| Carpet area | 11.05 sq ft |
| City / District | Chaibasa, West Singhbhum |
| State | Jharkhand |
| PIN code | 833204 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹12,78,00,000 |
| EMD | ₹1,27,80,000 |
| Bid increment | ₹50,000 |
| Auto-extension | 5 minutes per late bid |
About the Location – Chaibasa
The property is located in Chaibasa, West Singhbhum district, Jharkhand (PIN 833204). Jharkhand’s real estate is concentrated in Ranchi, Jamshedpur, Dhanbad and Bokaro, cities built around mining and steel. The handling branch is Specialized Arm Branch, Ranchi, which is usually the best contact for site visits and local queries.
Is the Chaibasa Godown Auction Worth It?
At the reserve price, the property works out to about ₹1,15,65,611 per sq ft of carpet area – compare this with recent resale rates in Chaibasa before you bid. The EMD of ₹1,27,80,000 is 10% of the reserve price and is refunded to unsuccessful bidders. The real saving in a bank auction comes after you add stamp duty, registration, pending dues and repair costs to the bid, so set a firm ceiling before the auction starts. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Chaibasa Godown Auction
- Inspection window: 2 October 2026, 10:00 AM to 20 October 2026, 5:00 PM
- EMD submission opens: 1 October 2026
- Last date for EMD: 21 October 2026, 5:00 PM
- E-auction: 22 October 2026, 12:00 PM to 2:00 PM
- Auto-extension: 5 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 367801 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 6370103938.
- Pay the EMD of ₹1,27,80,000 through the BAANKNET wallet before 21 October 2026, 5:00 PM.
- Log in on 22 October 2026 and bid above the reserve in steps of ₹50,000; each late bid extends the auction by 5 minutes.
The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.
Due Diligence Checklist Before Bidding
- Check whether the plot is freehold or leasehold (MIDC/SIDCO/KIADB etc.) and the transfer charges.
- Inspect machinery, if included, and confirm the inventory.
- Verify pollution, fire and factory licence requirements.
- Check pending electricity, water and statutory dues.
- Read our buying bank auction houses and villas before you bid.
Chaibasa Godown Auction: FAQs
What is the reserve price in the Chaibasa godown auction?
The reserve price is ₹12,78,00,000. Bids below the reserve price are not accepted.
When is the Chaibasa godown auction scheduled?
The e-auction is on 22 October 2026 from 12:00 PM to 2:00 PM. The last date for EMD is 21 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹1,27,80,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Chaibasa, West Singhbhum, Jharkhand – 833204.
Where can I see the official sale notice?
Search Auction ID 367801 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Canara Bank and Jharkhand Auctions
- All Canara Bank auction listings
- More godown auctions
- Bank auctions in Jharkhand
- Guide: symbolic vs physical possession explained
Source: Auction ID 367801 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Canara Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Warehouses & Godowns |
|---|---|
| Land Area | 11.05 sq ft |
| Location | Chaibasa, West Singhbhum, West Singhbhum, Jharkhand |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 1 Oct 2026Auction Notice Published
- 2 Oct 2026Inspection Starts
- 20 Oct 2026Inspection Ends
- 21 Oct 2026Last Date for EMD Submission
- 22 Oct 2026, 12:00 PM to 2:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.