Udumalpet Godown Auction: Godowns (5,000 sq ft) – Reserve ₹31 Lakh (6 Nov 2026)

Here is a fresh bank e-auction worth tracking: the Udumalpet godown auction, offered by Canara Bank at a reserve of ₹31 Lakh. On offer is a godowns in Udumalpet, Tiruppur (PIN 642202), with 5,000 sq ft carpet area. The online auction runs on 6 November 2026 (11:30 AM to 12:30 PM) with a reserve price of ₹31,00,000.

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.

Udumalpet Godown Auction: Key Highlights

• Reserve price: ₹31,00,000 (₹31 Lakh)
• EMD: ₹3,10,000
• Bid increment: ₹1,00,000
• Auction: 6 November 2026, 11:30 AM to 12:30 PM
• Last date for EMD: 6 November 2026, 11:00 AM
• Location: Udumalpet, Tiruppur, Tamil Nadu
• Possession: Symbolic

Udumalpet Godown Auction – Complete Details

Auction ID	367905
Bank property ID	CNRB33740961RB
Bank	Canara Bank
Branch	Coimbatore Specialised Arm Branch
Property type	Commercial – Godowns
Carpet area	5,000 sq ft
City / District	Udumalpet, Tiruppur
State	Tamil Nadu
PIN code	642202
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹31,00,000
EMD	₹3,10,000
Bid increment	₹1,00,000
Auto-extension	5 minutes per late bid

About the Location – Udumalpet

This listing falls in Udumalpet, Tiruppur, Tamil Nadu, postal code 642202. 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 Coimbatore Specialised Arm Branch, which is usually the best contact for site visits and local queries.

Is the Udumalpet Godown Auction Worth It?

At the reserve price, the property works out to about ₹620 per sq ft of carpet area – compare this with recent resale rates in Udumalpet before you bid. The EMD of ₹3,10,000 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 Udumalpet Godown Auction

• EMD submission opens: 1 October 2026
• Last date for EMD: 6 November 2026, 11:00 AM
• E-auction: 6 November 2026, 11:30 AM to 12:30 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 367905 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9489043584.
4. Pay the EMD of ₹3,10,000 through the BAANKNET wallet before 6 November 2026, 11:00 AM.
5. Log in on 6 November 2026 and bid above the reserve in steps of ₹1,00,000; 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.

Udumalpet Godown Auction: FAQs

More Canara Bank and Tamil Nadu Auctions

• All Canara Bank auction listings
• More godown auctions
• Bank auctions in Tamil Nadu
• Guide: symbolic vs physical possession explained

Source: Auction ID 367905 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Canara Bank before bidding.