K Chettipalayam Industrial Shed Auction: Industrial Shed – Reserve ₹26.28 Cr (6 Oct 2026)
Verified Listing Auction Closed
Property ID: BKN-362253
Property Description
Looking for a industrial shed below market price in K Chettipalayam? The K Chettipalayam industrial shed auction by Punjab National Bank is scheduled for 6 Oct 2026. On offer is a industrial shed in K Chettipalayam, Tiruppur (PIN 641605). The online auction runs on 6 October 2026 (11:00 AM to 4:00 PM) with a reserve price of ₹26,28,05,000.
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
K Chettipalayam Industrial Shed Auction: Key Highlights
- Reserve price: ₹26,28,05,000 (₹26.28 Cr)
- EMD: ₹2,62,80,500
- Bid increment: ₹1,00,000
- Auction: 6 October 2026, 11:00 AM to 4:00 PM
- Last date for EMD: 5 October 2026, 5:00 PM
- Location: K Chettipalayam, Tiruppur, Tamil Nadu
- Possession: Symbolic
K Chettipalayam Industrial Shed Auction – Complete Details
| Auction ID | 362253 |
| Bank property ID | PUNBDCB28214310 |
| Bank | Punjab National Bank |
| Branch | Samb Chennai |
| Property type | Industrial – Industrial Shed |
| City / District | K Chettipalayam, Tiruppur |
| State | Tamil Nadu |
| PIN code | 641605 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹26,28,05,000 |
| EMD | ₹2,62,80,500 |
| Bid increment | ₹1,00,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – K Chettipalayam
K Chettipalayam is in Tiruppur district of Tamil Nadu, under PIN code 641605. 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 Samb Chennai, which is usually the best contact for site visits and local queries.
Is the K Chettipalayam Industrial Shed Auction Worth It?
The EMD of ₹2,62,80,500 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the K Chettipalayam Industrial Shed Auction
- Inspection window: 29 September 2026, 10:00 AM to 29 September 2026, 5:00 PM
- EMD submission opens: 18 September 2026
- Last date for EMD: 5 October 2026, 5:00 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 362253 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 8884822944.
- Pay the EMD of ₹2,62,80,500 through the BAANKNET wallet before 5 October 2026, 5:00 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 warehouse and godown buying guide before you bid.
K Chettipalayam Industrial Shed Auction: FAQs
What is the reserve price in the K Chettipalayam industrial shed auction?
The reserve price is ₹26,28,05,000. Bids below the reserve price are not accepted.
When is the K Chettipalayam industrial shed auction scheduled?
The e-auction is on 6 October 2026 from 11:00 AM to 4:00 PM. The last date for EMD is 5 October 2026, 5:00 PM.
How much EMD is required?
The earnest money deposit is ₹2,62,80,500. It is refunded to unsuccessful bidders.
Where is the property located?
It is in K Chettipalayam, Tiruppur, Tamil Nadu – 641605.
Where can I see the official sale notice?
Search Auction ID 362253 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 industrial shed auctions
- Bank auctions in Tamil Nadu
- Guide: finance options for commercial auctions
Source: Auction ID 362253 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 | Industrial Sheds |
|---|---|
| Location | K Chettipalayam, Tiruppur, Tiruppur, Tamil Nadu |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 18 Sep 2026Auction Notice Published
- 29 Sep 2026Inspection Starts
- 29 Sep 2026Inspection Ends
- 5 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.