1 acres Commercial Building for Auction in Sankari, Salem, Salem – SBI

Property Details

Property type

Commercial Building (Commercial)

Possession

Physical Possession

Area

1 acres (≈ 43,560 sq ft)

Reserve price / sq ft

₹3,868

Locality

Sankari, Salem

City

Salem

State

Tamil Nadu

Pincode

637301

Address

Sankari, Salem, Tamil Nadu, 637301 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SAMB COIMBATORE-16454

Auction type

SARFAESI Auction

Borrower

SRI S***** P***** T*****

Auction start

08 Oct 2026, 11:00 AM

Auction end

08 Oct 2026, 04:00 PM

EMD submission deadline

08 Oct 2026, 03:00 PM

Inspection

03 Oct 2026, 11:00 AM – 03 Oct 2026, 04:00 PM

Authorised officer

R ROBI

Officer contact

9444412137

E-auction portal

BAANKNET (Property ID SBINSENDRAYACOMM)

Price Check

This listing's reserve price works out to ₹3,868 per sq ft. The average across commercial bank auctions in Salem on our site is ₹3,834 per sq ft, so this one is 1% 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 3 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBINSENDRAYACOMM)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 08 Oct 2026, 03:00 PM. It is refunded if you don't win.
5. Bid online on 8 Oct 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.