1,129.75 sq feet Residential Plot for Auction in Salem, Tholasampatti, Salem – Union Bank

Property Details

Property type

Residential Plot (Residential)

Possession

Symbolic Possession

Area

1,129.75 sq feet (≈ 1,129 sq ft)

Reserve price / sq ft

₹97

Locality

Salem, Tholasampatti

City

Salem

State

Tamil Nadu

Pincode

636503

Address

SALEM, Tholasampatti, Tamil Nadu, 636503 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Union Bank of India

Branch

ASSET RECOVERY BRANCH COIMBATORE-578746

Auction type

SARFAESI Auction

Borrower

M/S E**** C***** R** P*** MR MA A**** N*****

Auction start

13 Oct 2026, 12:00 PM

Auction end

13 Oct 2026, 05:00 PM

EMD submission deadline

13 Oct 2026, 04:59 PM

Inspection

—

Authorised officer

IBRAHIMSHA N A

Officer contact

8056280884

E-auction portal

BAANKNET (Property ID UBINCOICAR2034)

Price Check

This listing's reserve price works out to ₹97 per sq ft. The average across residential bank auctions in Salem on our site is ₹3,617 per sq ft, so this one is 97% 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 (BAANKNET (Property ID UBINCOICAR2034)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 13 Oct 2026, 04:59 PM. It is refunded if you don't win.
5. Bid online on 13 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.