Tifra Plot Auction: Plot (1,896 sq ft) – Reserve ₹30.6 Lakh (28 Oct 2026)

Looking for a residential plot below market price in Tifra? The Tifra plot auction by Bank of Baroda is scheduled for 28 Oct 2026. On offer is a plot in Tifra, Bilaspur (PIN 495223), with 1,896 sq ft carpet area. The online auction runs on 28 October 2026 (2:00 PM to 6:00 PM) with a reserve price of ₹30,60,000.

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.

Tifra Plot Auction: Key Highlights

• Reserve price: ₹30,60,000 (₹30.6 Lakh)
• EMD: ₹3,06,000
• Bid increment: ₹10,000
• Auction: 28 October 2026, 2:00 PM to 6:00 PM
• Last date for EMD: 28 October 2026, 4:00 PM
• Location: Tifra, Bilaspur, Chhattisgarh
• Possession: Physical

Tifra Plot Auction – Complete Details

Auction ID	366500
Bank property ID	BARB391820260003
Bank	Bank of Baroda
Branch	Mungeli Rd
Property type	Residential – Plot
Carpet area	1,896 sq ft
Locality	Yadunandan Nagar Tifra Bilaspur
City / District	Tifra, Bilaspur
State	Chhattisgarh
PIN code	495223
Type of possession	Physical
Type of action	Under SARFAESI
Reserve price	₹30,60,000
EMD	₹3,06,000
Bid increment	₹10,000
Auto-extension	5 minutes per late bid

About the Location – Tifra

Tifra is in Bilaspur district of Chhattisgarh, under PIN code 495223. Chhattisgarh’s property demand is concentrated in Raipur, Bhilai-Durg and Bilaspur, supported by steel, power and mining industries. The handling branch is Mungeli Rd, which is usually the best contact for site visits and local queries.

Is the Tifra Plot Auction Worth It?

At the reserve price, the property works out to about ₹1,614 per sq ft of carpet area – compare this with recent resale rates in Tifra before you bid. The EMD of ₹3,06,000 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. The bank holds physical possession, which usually makes handover after the sale smoother.

Important Dates for the Tifra Plot Auction

• Inspection window: 26 October 2026, 2:00 PM to 26 October 2026, 6:00 PM
• EMD submission opens: 28 September 2026
• Last date for EMD: 28 October 2026, 4:00 PM
• E-auction: 28 October 2026, 2:00 PM to 6:00 PM
• Auto-extension: 5 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 366500 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 7388868777.
4. Pay the EMD of ₹3,06,000 through the BAANKNET wallet before 28 October 2026, 4:00 PM.
5. Log in on 28 October 2026 and bid above the reserve in steps of ₹10,000; 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

• Obtain the encumbrance certificate and verify the title chain.
• Confirm land use or zoning and road access on site.
• Check the survey sketch, boundaries and any encroachment.
• Verify that property tax and other local dues are clear.
• Read our auction property due diligence checklist before you bid.

Tifra Plot Auction: FAQs

More BoB and Chhattisgarh Auctions

• All Bank of Baroda auction listings
• More residential plot auctions
• Bank auctions in Chhattisgarh
• Guide: reserve price bidding strategy

Source: Auction ID 366500 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Bank of Baroda before bidding.