| Date & Time : | Thursday 27th October 2022 Commencing at 11.00 a.m |
|---|---|
| To Be Held At : | People’s Bank, Embilipitiya Branch Premises. |
People’s Bank, Embilipitiya Branch Premises.
MODE OF PAYMENT
The successful purchaser will have to pay the following amounts in cash at the fall of the
hammer.
(1) 10% of the purchase price
(2) 1% Local Authority tax payable to the local authority
(3) Auctioneer’s Commission of 2 ½ % (Two and a half percent only) on the sale price plus
applicable taxes on the commission.
(4) Clerk’s & Crier’s Fee of Rs. 1,500/=
(5) Cost of sale and any other charges if any.
(6) Stamp duty for the Certificate of Sale.
The balance 90% of the purchased price will have to be paid within 30 days from the date of
sale to the Manager, People’s Bank, Embilipitiya. Tel – 047 2230271/047 2230652
If the said amount is not paid within 30 days as stipulated above, the Bank shall have the
right to forfeit (10%) of the purchase price already paid and resell the property.
