Jolarpet Godown Auction: Godowns (13,675.95 sq ft) – Reserve ₹62.11 Lakh (6 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-353755
Property Description
Looking for a godown below market price in Jolarpet? The Jolarpet godown auction by Punjab National Bank is scheduled for 6 Oct 2026. On offer is a godowns in Jolarpet, Tirupathur (PIN 635851), with 13,675.95 sq ft built-up and 13,675 sq ft carpet area. The online auction runs on 6 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹62,11,000.
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
Jolarpet Godown Auction: Key Highlights
- Reserve price: ₹62,11,000 (₹62.11 Lakh)
- EMD: ₹6,21,100
- Bid increment: ₹1,00,000
- Auction: 6 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 6 October 2026, 3:59 PM
- Location: Jolarpet, Tirupathur, Tamil Nadu
- Possession: Symbolic
Jolarpet Godown Auction – Complete Details
| Auction ID | 353755 |
| Bank property ID | PUNBKMC55793646 |
| Bank | Punjab National Bank |
| Branch | Armb Chennai 361200 |
| Property type | Commercial – Godowns |
| Built-up area | 13,675.95 sq ft |
| Carpet area | 13,675 sq ft |
| City / District | Jolarpet, Tirupathur |
| State | Tamil Nadu |
| PIN code | 635851 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹62,11,000 |
| EMD | ₹6,21,100 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Jolarpet
This listing falls in Jolarpet, Tirupathur, Tamil Nadu, postal code 635851. Tamil Nadu has one of India’s most urbanised economies, with Chennai, Coimbatore, Madurai and Tiruppur driving demand for residential and industrial property. The handling branch is Armb Chennai 361200, which is usually the best contact for site visits and local queries.
Is the Jolarpet Godown Auction Worth It?
At the reserve price, the property works out to about ₹454 per sq ft of built-up area – compare this with recent resale rates in Jolarpet before you bid. The EMD of ₹6,21,100 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Jolarpet Godown Auction
- EMD submission opens: 2 September 2026
- Last date for EMD: 6 October 2026, 3:59 PM
- E-auction: 6 October 2026, 11:00 AM to 4:00 PM
- Auto-extension: 10 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 353755 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9870821794.
- Pay the EMD of ₹6,21,100 through the BAANKNET wallet before 6 October 2026, 3:59 PM.
- Log in on 6 October 2026 and bid above the reserve in steps of ₹1,00,000; each late bid extends the auction by 10 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.
Jolarpet Godown Auction: FAQs
What is the reserve price in the Jolarpet godown auction?
The reserve price is ₹62,11,000. Bids below the reserve price are not accepted.
When is the Jolarpet godown auction scheduled?
The e-auction is on 6 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 6 October 2026, 3:59 PM.
How much EMD is required?
The earnest money deposit is ₹6,21,100. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Jolarpet, Tirupathur, Tamil Nadu – 635851.
Where can I see the official sale notice?
Search Auction ID 353755 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More PNB and Tamil Nadu Auctions
- All Punjab National Bank auction listings
- More godown auctions
- Bank auctions in Tamil Nadu
- Guide: symbolic vs physical possession explained
Source: Auction ID 353755 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Punjab National 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 Punjab National Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Warehouses & Godowns |
|---|---|
| Built-up Area | 13675.95 sq ft |
| Location | Jolarpet, Tirupathur, Tirupathur, Tamil Nadu |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 2 Sep 2026Auction Notice Published
- 6 Oct 2026Last Date for EMD Submission
- 6 Oct 2026, 11:00 AM to 4:00 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.