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Land SARFAESI Auction

71 acre Land for Auction in Salem – HDB

Salem, Tamil Nadu · Auction ID #4306

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Reserve Price ₹67,99,540
EMD (Earnest Money)₹6,79,954
Bid Increment₹1,00,000
Auction Date 29 Sep 2026, 11:00 AM In 2 days
EMD Last Date 28 Sep 2026, 05:00 PM Tomorrow
Area71 acre

Property Details

Property type
Land (Land & Agricultural)
Possession
Not specified
Area
71 acre (≈ 30,92,760 sq ft)
Reserve price / sq ft
₹2
Locality
—
City
Salem

Description (as per sale notice)

All that piece and parcel of property In Salem District, Salem West RD, Magudanchavadi SRO, Sankari Taluk, Edanganasalai (Bit-1) Village, Patta No. 3076, S.No.387/3 punjai hectare 0.71.0 acre 1.75 in this for an extent of 0.50 cents of land with constructed Buildings to the below boundaries of the property, North to: Chinnathambi other property East to: Thesaivilakku village border property, South to: Chinnathambi other property S.No.387/4A. In this in a specific extent Punjai Acre 0.50 Cents land with buiding with all Easementary rights.

Bank & Auction Details

Branch
HDB Financial Services Limited, Lower Parel, Mumbai - BO
Auction type
SARFAESI Auction
Borrower
SARAVANAN P**** L****
Auction start
29 Sep 2026, 11:00 AM
Auction end
29 Sep 2026, 12:00 PM
EMD submission deadline
28 Sep 2026, 05:00 PM
Inspection
—
Authorised officer
—
Officer contact
—
View official sale notice

Price Check

This listing's reserve price works out to ₹2 per sq ft. The average across land & agricultural bank auctions in Salem on our site is ₹2,051 per sq ft, so this one is 100% 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 (open notice).
  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 (C1 India (bankeauctions.com)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹6,79,954 before 28 Sep 2026, 05:00 PM. It is refunded if you don't win.
  5. Bid online on 29 Sep 2026 starting above the reserve price, in multiples of ₹1,00,000.
  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.

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 HDB Financial Services. Always verify every detail with the official notice and the authorised officer before paying any money.

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