Office SARFAESI Auction Symbolic Possession

1,513.5 sq feet Office for Auction in Salem – Canara

Salem, Tamil Nadu · Auction ID #112578

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Office for auction in Salem – Canara – photo 1
Reserve Price ₹1,76,93,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 24 Nov 2026, 12:30 PM In 10 days
EMD Last Date 23 Nov 2026, 05:00 PM In 9 days
Area1,513.5 sq feet
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Property Details

Property type
Office (Commercial)
Possession
Symbolic Possession
Area
1,513.5 sq feet (≈ 1,513 sq ft)
Reserve price / sq ft
₹11,690
Locality
—
City
Salem
Pincode
636006
Address
Salem, Tamil Nadu, 636006 View on map

Description (as per sale notice)

All that part and parcel of land and commercial building in the name of Mr.P.G.Aurobindo Balaji located at Salem District,Trichy Main Road,Gugai, T.S.No 111/14, D.No 805, Pilikuthi main Road, New Ward-AA, [Old Ward-H], Block -52 to the extent of 1513.50 sq.ft having following boundaries and measurements. Boundaries as follows: North of : Corporation East West Road South of : 10ft Wide East West Common Pathway East of : Rathinam and Others Property West of : Rathinam and Others Property.

BAANKNET Property ID: CNRB103338293
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Bank & Auction Details

Bank / Lender
Canara Bank
Branch
SPECIALISED ARM BRANCH, TIRUCHIRAPPALLI
Auction type
SARFAESI Auction
Borrower
TENASIAPPAN A** CO
Auction start
24 Nov 2026, 12:30 PM
Auction end
24 Nov 2026, 01:30 PM
EMD submission deadline
23 Nov 2026, 05:00 PM
Inspection
—
Authorised officer
A GEETHAKRISHNA
Officer contact
8015387419
E-auction portal
BAANKNET (Property ID CNRB103338293)
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Price Check

This listing's reserve price works out to ₹11,690 per sq ft. The average across commercial bank auctions in Salem on our site is ₹5,115 per sq ft, so this one is 129% 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 CNRB103338293)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 23 Nov 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 24 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 Canara Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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