E-AUCTION – DRAFT NOTIFICATION
TERMS AND CONDITIONS OF SALE
PROPERTY WILL BE SOLD ON “AS WHERE IS” BASIS
THIRUVARUR AND COIMBATORE REVENUE DISTRICTS
S.
No
1. Name and Address of the Kalaimagal Sabha Member’s.
Owner
2. Name and Address of The The Special Officer/Inspector General of
Special Officer, Kalaimagal Registration,
Sabha. Kalaimagal Sabha,
No.17, North Usman Road,
T-Nagar, Chennai 17.
Email:specialofficerkms2022@[Link]
Phone:99440 98552
3. Description of the immovable property to be sold
Property ID:
S Total
Extent 10 %
. Lot Revenue Village Survey Auction
EMD
N No District Name No. Acre / Amount
[Link] Amount
o Cent
1 1 Thiruvarur Kurungkulam 143/13 4.25 46372000 4637200
2 2 Coimbatore Bilichi (E-W) 605/2 0.52 22762 3250000 325000
3 3 Coimbatore Bilichi (E-W) 600/2 0.41 17860 29500000 2950000
4 4 Coimbatore Ganapathy 1138 - 2588.81 29700000 2970000
Thirumalaiyampalayam 140/1B2
5 5 Coimbatore 12.35 - 555750000 55575000
North 143/1A2
6 6 Coimbatore Angalakurichi 194/2 1.11 - 19425000 1942500
7 7 Coimbatore Angalakurichi 210/1 4.83 - 60375000 6037500
4. Details of the To the best of knowledge and information of
encumbrances the Special Officer, there are no encumbrances
on the assets. However, the intending bidders
should make their own independent inquiries
regarding the encumbrances, assets put on
auction and claims/rights/dues/affecting the
assets, prior to submitting their bid. In this
regard, the e-auction notice does not constitute
and will not be deemed to constitute any
commitment or any representation of the
Special Officer.
5. Reserve price of the
immovable property.
S. Lot Auction
No No Amount
1 1 46372000
2 2 3250000
3 3 29500000
4 4 29700000
5 5 555750000
6 6 19425000
7 7 60375000
6. Deposit of Earnest Money
Bank Account in which 10 %
S. Lot
EMD to be remitted. EMD
No No
Last date and time within Amount
which EMD to be remitted: 1 1 4637200
2 2 325000
3 3 2950000
4 4 2970000
5 5 55575000
6 6 1942500
7 7 6037500
7. Time and manner of The provisional successful bidder/highest
payment bidder must deposit 25% of sale price, after
adjusting the EMD already paid, immediately,
i.e., on the same day or not later than next
working day, as the case may be, failing which
the earnest money deposited by the bidder
will be forfeited. The Balance 75% of the sale
price is payable on or before the 15th day from
the date of confirmation of sale by the Hon'ble
Special Bench of Hon'ble Madras High Court or
such extended period as may be granted by
the Hon'ble Madras High Court, not exceeding
90 days from the date of auction.
8. Time and place of public e- After the tender process it will be available in
Auction or time the portal.
9. The e-Auction will be Portal: [Link]
conducted
through the approved
service provider. e-Auction
tender documents
containing e-Auction bid
form, declaration etc., are
available in the website of
the service provider as
mentioned above
10. (i) Bid increment amount: Rs.1,00,000/-
(i) Auto extension:
times. (limited / unlimited) Auto extension of 10 minutes each (unlimited).
(i) Bid currency & unit of
measurement Indian Rupee
11. Other conditions a. The intending bidder should abide by the
rules of [Link] vis-a-vis the
auction in respect of KYC guidelines,
Balance in their Wallet for covering the
EMD Amount etc.
b. All intending bidders must mandatorily
submit valid and complete Know Your
Customer (KYC) documents as prescribed
by the e-auction platform and the Special
Officer. Failure to provide the required
KYC documents or submission of
incomplete/ invalid KYC information shall
render the bidder ineligible to participate
in the auction.
c. Participation in e-auction will be allowed
by [Link] portal to those who
comply with the terms of auction and fulfil
the eligibility criteria therefor. Interested
bidders may deposit Pre- Bid EMD to their
Wallet with [Link] before the last
date& time as mentioned at SI. No.6 above,
through Online transfer of funds using
NEFT/Transfer, using challan generated on
e-Auction Platform. Credit of Pre-Bid EMD
shall be given to the bidder only after
receipt of payment in [Link]
account and updation of such information
on the e-Auction website. This may take
some time as per administrative process
and hence bidders are advised to deposit
the Pre-Bid EMD amount well in advance to
avoid any last-minute problem.
d. The provisional successful bidder will be
communicated suitably, subject to further
confirmation by Hon’ble One Man
Commission after validation of each of the
eligibility criteria/KYC details/EMD
amount deposit etc., and further
confirmation by the Hon’ble Special Bench
of Madras High Court.
e. The Special Officer shall not have any
liability towards bidders for any
interruption or delay in access to the site
irrespective of the causes.
f. The bidders are required to submit
acceptance of the terms & conditions and
modalities of e-auction adopted by the
service provider before participating in
the e-auction.
g. The bid once submitted by the bidder,
cannot be cancelled/withdrawn and the
bidder shall be bound to buy the property
at the final bid price. The failure on the
part of bidder to comply with any of the
terms and conditions of e-auction,
mentioned herein will result in forfeiture of
the amount paid by the defaulting bidder.
h. The bids submitted without the EMD shall
be summarily rejected.
i. The properties shall not be sold below the
reserve price.
j. The conditional bids may be treated as
invalid. Please note that after submission of
the bids, no correspondences regarding
any change in the bid shall be entertained.
k. The EMD of the provisional successful
bidder shall be retained towards part sale
consideration and the EMD of the
unsuccessful bidder will be refunded by
[Link]. The bidders will not be
entitled to claim any interest, costs,
expenses, and any other charges (if any).
l. In case the auction requires to be
adjourned/postponed/cancelled for
whatsoever reason, it will be subject to
the prior approval of the Hon’ble One
Man Commission report and further
ratification of the Hon’ble Special Bench
of Madras High Court.
m. The highest bid, along with the Hon'ble
One Man Commission’s report, will be
placed before the Special Bench of the
Madras High Court, for confirmation.
Until such confirmation is expressly
communicated in writing, no bidder shall
have any claim, right, or interest in the
property, irrespective of the amount of the
bid offered.
n. In case of forfeiture of the amount
deposited by the defaulting bidder, he
shall neither have claim on the property
nor on any part of the sum for which may it
be subsequently sold.
o. The declared successful bidder shall bear
all the necessary expenses like applicable
stamp duties/additional stamp
duty/transfer charges, Registration
expenses, fees etc. for transfer of the
property in his/her/their name.
p. The Special Officer will prepare the Sale
Certificate in accordance with law. The
certificate will be placed before the
Hon’ble One Man Commission for
authentication. The authenticated Sale
Certificate will be issued to the auction
purchaser.
q. The Sale Certificate will be issued after
receipt of entire sale consideration and
confirmation of sale. The Sale certificate
will be issued in the name of the declared
successful bidder. In case, of any
nomination made by the bidder in favour
of the other person than the person who
submitted the bid/participated in the
auction, the same will be subject to the
approval of the Hon'ble One Man
Commission.
r. The Sale Certificate to be issued by the by
the Special Officer shall attract 7% Stamp
duty and 2% Registration fees. The Sale
Certificate is compulsorily registerable.
Any request for forwarding the sale
certificate U/s 89 of Registration Act would
not be permitted.
s. The payment of all statutory /non- statutory
dues, taxes, GST, rates, assessments,
charges, fees etc., owing to anybody shall
be the sole responsibility of declared
successful bidder only and, such
dues/charges/taxes shall be over and
above the Bid Price.
t. The bidders are advised to in their own
interest to satisfy themselves with the title
and correctness of other details pertaining
to the immoveable/secured assets
including the size/area of the
immovable/secured assets in question.
They shall independently ascertain any
other dues / liabilities / encumbrances in
respect of the properties from the
concerned authorities to their satisfaction
before submitting the bids. It would not be
open for the Bidder(s) whose bid is
accepted by Special Officer to withdraw
his bid, either on the ground of
discrepancy in size/area, defect in title,
encumbrances, or any other ground
whatsoever.
u. In case any dispute arises as to the validity
of the bid(s), amount of bid, EMD or as to
the eligibility of the bidder, authority of the
person representing the bidder, the
interpretation and decision of the Special
Bench of Hon’ble High Court shall be final.
In such an eventuality, the Special Bench of
Hon’ble High Court Hon’ble High Court
shall in its sole discretion be entitled to call
off the sale and put the property on sale
once again on any date and at such time as
may be decided by the Special Bench of
Hon’ble High Court Hon’ble High Court.
12. Details of pending No litigation on the assets to the best of the
litigation, if any in respect knowledge of the Special Officer.
of property proposed to be
sold
Date:
Place:
The Special Officer cum
Inspector General of Registration
Kalaimagal Sabha, Chennai -17