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Commercial Building SARFAESI Auction Symbolic Possession

515 sq feet Commercial Building for Auction in Chinnakadai Bazaar Street, Salem – UCO

Chinnakadai Bazaar Street, Salem, Tamil Nadu · Auction ID #111266

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Commercial Building for auction in Chinnakadai Bazaar Street, Salem – UCO – photo 1
Commercial Building for auction in Chinnakadai Bazaar Street, Salem – UCO – photo 2
Commercial Building for auction in Chinnakadai Bazaar Street, Salem – UCO – photo 3
Commercial Building for auction in Chinnakadai Bazaar Street, Salem – UCO – photo 4
Commercial Building for auction in Chinnakadai Bazaar Street, Salem – UCO – photo 5
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Reserve Price ₹69,60,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 17 Nov 2026, 11:00 AM In 2 days
EMD Last Date 17 Nov 2026, 05:00 PM In 2 days
Area515 sq feet
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Property Details

Property type
Commercial Building (Commercial)
Possession
Symbolic Possession
Area
515 sq feet (≈ 515 sq ft)
Reserve price / sq ft
₹13,515
Locality
Chinnakadai Bazaar Street
City
Salem
Pincode
636001
Address
CHINNAKADAI BAZAAR STREET, Salem, Tamil Nadu, 636001 View on map

Description (as per sale notice)

Salem West RD, Salem No. 1 Joint Sub-Registration District, Salem Taluk, Salem Corporation, Salem Town Village, Bazaar street, north sireni, old No. T.S. No. 529 G-division 8th ward as per Re-survey and Settlement, Ward-L, Block-6, New Town Survey No.54, in which an extent of 515 square feet of land and building measuring East-West: north side 6’9” south side 9 feet and South North: east side 79 feet, west side towards north 49’6”, from which crossly 30 feet is situated within the following boundaries:- East of the property belonged to Balamuniappa chettiar & sons. West and south of the properties belonged to Siddhaiya chettiar and North of Bazaar street The building situated in the above property with RCC and ACC roof bearing door No. 161 and the property Tax Assessment No. 3114548.

BAANKNET Property ID: UCBACOIM03810012
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Bank & Auction Details

Bank / Lender
UCO Bank
Branch
SALEM SHEVAPET-381
Auction type
SARFAESI Auction
Borrower
Mrs. B D***** , Mr. V B V***** Mr. V B M***** Mr. V B S*****
Auction start
17 Nov 2026, 11:00 AM
Auction end
17 Nov 2026, 05:00 PM
EMD submission deadline
17 Nov 2026, 05:00 PM
Inspection
—
Authorised officer
ABIRAMI S
Officer contact
9147403302
E-auction portal
BAANKNET (Property ID UCBACOIM03810012)
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Price Check

This listing's reserve price works out to ₹13,515 per sq ft. The average across commercial bank auctions in Salem on our site is ₹5,115 per sq ft, so this one is 164% above that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

  1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
  2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID UCBACOIM03810012)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 17 Nov 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 17 Nov 2026 starting above the reserve price.
  6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with UCO Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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