Land & Building SARFAESI Auction

3,320 sq ft Land & Building for Auction in Salem – Chola

Salem, Tamil Nadu · Auction ID #116159

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Reserve Price ₹42,75,000
EMD (Earnest Money)₹4,27,500
Bid Increment₹25,000
Auction Date 27 Nov 2026, 11:00 AM In 11 days
EMD Last Date 26 Nov 2026, 05:30 PM In 10 days
Area3,320 sq ft
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Property Details

Property type
Land & Building (Residential)
Possession
Not specified
Area
3,320 sq ft
Reserve price / sq ft
₹1,288
Locality
—
City
Salem
Address
Descriptions of the property/Properties: All that piece and parcel of land and building in Namakkal RD, Tiruchengode Sub RD, Tiruchengode Taluk, Kumaramangalam Village, RS. No. 192/1, after sub-division R.S. No. 192/1M, in which the house property is situated within the following boundaries and measurements: On the South of R.S. No. 190/4 belonged to Ponnusamy Sio. Kandasamy On the East of property belonged to vendor Ramasamy On the North of RS. No.192/28, P. Sengodan land and 12 feet breadth cart track On the West of property belonged to Kandasamy So. Ponnusamy Within the following me asurements are, East-West on the northern side 30 feet, East-West on the southern side 32 1/2 feet, South-North on the eastern side 107 1/2 feet, South-North on the western side 105 feet, measuring 3320 Sq. Feet of house site with building and cart track right mentioned in Doc No.2082/1999 and with a right to use all the usual roads and common roads. The Property is situated within the limits of Kavundampalayam Panchayat in Door No:1/310 View on map

Description (as per sale notice)

measuring 3320 Sq. Feet of house site with building. Descriptions of the property/Properties: All that piece and parcel of land and building in Namakkal RD, Tiruchengode Sub RD, Tiruchengode Taluk, Kumaramangalam Village, RS. No. 192/1, after sub-division R.S. No. 192/1M, in which the house property is situated within the following boundaries and measurements: On the South of R.S. No. 190/4 belonged to Ponnusamy Sio. Kandasamy On the East of property belonged to vendor Ramasamy On the North of RS. No.192/28, P. Sengodan land and 12 feet breadth cart track On the West of property belonged to Kandasamy So. Ponnusamy Within the following me asurements are, East-West on the northern side 30 feet, East-West on the southern side 32 1/2 feet, South-North on the eastern side 107 1/2 feet, South-North on the western side 105 feet, measuring 3320 Sq. Feet of house site with building and cart track right mentioned in Doc No.2082/1999 and with a right to use all the usual roads and common roads. The Property is situated within the limits of Kavundampalayam Panchayat in Door No:1/310
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Bank & Auction Details

Branch
Fairlands, Salem
Auction type
SARFAESI Auction
Borrower
PERIYANNAN P*****
Auction start
27 Nov 2026, 11:00 AM
Auction end
27 Nov 2026, 01:00 PM
EMD submission deadline
26 Nov 2026, 05:30 PM
Inspection
—
Authorised officer
—
Officer contact
—
E-auction portal
4Closure · Listing 2460199
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Price Check

This listing's reserve price works out to ₹1,288 per sq ft. The average across residential bank auctions in Salem on our site is ₹3,458 per sq ft, so this one is 63% below 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 (4Closure · Listing 2460199), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹4,27,500 before 26 Nov 2026, 05:30 PM. It is refunded if you don't win.
  5. Bid online on 27 Nov 2026 starting above the reserve price, in multiples of ₹25,000.
  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 Cholamandalam Investment and Finance Company. Always verify every detail with the official notice and the authorised officer before paying any money.

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