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House SARFAESI Auction Symbolic Possession

2,520 sq feet House for Auction in Salem, Salem – Canara

Salem, Salem, Tamil Nadu · Auction ID #6064

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House photo 1
Reserve Price ₹2,02,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 12 Oct 2026, 11:00 AM In 10 days
EMD Last Date 12 Oct 2026, 10:00 AM In 10 days
Area2,520 sq feet

Property Details

Property type
House (Residential)
Possession
Symbolic Possession
Area
2,520 sq feet (≈ 2,520 sq ft)
Reserve price / sq ft
₹8,016
Locality
Salem
City
Salem
Pincode
636003
Address
SALEM, Tamil Nadu, 636003 View on map

Description (as per sale notice)

Mixed Land 2520 Sq.ft & Building GF FF SF 5035 Sq.ft at D No: 62/3, Bharathiar 3rd Street, Ammapet Village, Salem Corporation comprised in Ward AJ, Block 11, T.SNo.8/2 & 8/3, New T.S.No.8/2J & T.S.No.8/3B situated at Military Road, Ammapet Village, J Division, 10th Ward, Salem in the name of Sri. V. Kannan, Director Situated within Salem Joint I Sub Registration District and Salem District East Registration Bounded on the North by: Vacant Land in Ward AJ, Block 11, TS No.8/2K & T.S No.8/3C belonging to Manicka Mudaliyar South by: House property in Ward AJ, Block 11, TS No.8/2J belonging to Vijayalakshmi and house properties in ward AJ, Block 11, T.S No.8/3J belonging to Kannan & Saraswathi East by: 15 feet wide South North common Road West by: East West 3 feet wide, South North drainage

BAANKNET Property ID: CNRB96700829GREENPROP2

Bank & Auction Details

Bank / Lender
Canara Bank
Branch
SPECIALIZED ARM BRANCH, CHENNAI-II
Auction type
SARFAESI Auction
Borrower
V K*****
Auction start
12 Oct 2026, 11:00 AM
Auction end
12 Oct 2026, 12:00 PM
EMD submission deadline
12 Oct 2026, 10:00 AM
Inspection
05 Oct 2026, 11:00 AM – 05 Oct 2026, 04:00 PM
Authorised officer
N BABITHA VENUGOPAL
Officer contact
9740145622

Price Check

This listing's reserve price works out to ₹8,016 per sq ft. The average across residential bank auctions in Salem on our site is ₹3,617 per sq ft, so this one is 122% 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 5 Oct 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID CNRB96700829GREENPROP2)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 12 Oct 2026, 10:00 AM. It is refunded if you don't win.
  5. Bid online on 12 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.

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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