995 sq feet House for Auction in Salem – IDBI

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

995 sq feet (≈ 995 sq ft)

Reserve price / sq ft

₹4,523

Locality

—

City

Salem

State

Tamil Nadu

Pincode

636010

Address

Salem, Tamil Nadu, 636010 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

IDBI Bank

Branch

Salem

Auction type

SARFAESI Auction

Borrower

M S*****

Auction start

20 Nov 2026, 10:30 AM

Auction end

20 Nov 2026, 11:30 AM

EMD submission deadline

19 Nov 2026, 05:00 PM

Inspection

04 Nov 2026, 03:00 PM – 04 Nov 2026, 04:00 PM

Authorised officer

Sundar V

Officer contact

9445456486

E-auction portal

BAANKNET (Property ID IBKL-211-6)

Price Check

This listing's reserve price works out to ₹4,523 per sq ft. The average across residential bank auctions in Salem on our site is ₹3,578 per sq ft, so this one is 26% 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 4 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IBKL-211-6)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 19 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 20 Nov 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.