Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610785
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹31,64,000
EMD:₹3,16,400
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 04:00 PM
Bid Start Date:2025-11-26
Property Description
This auction features a land and building property in Mettur, Salem, Tamil Nadu. Suitable for residential use, this asset offers a prime location within a developing area. The property details indicate a promising opportunity for investment or personal use. Don't miss the chance to acquire this valuable asset in a sought-after region of Tamil Nadu.
State:Tamil Nadu
City:Salem
Area:Mettur
Asset Category:Residential
Full Address:D.No.22/2, D.No.22/2, Ward 18, Chellappan Ajay Nagar, Karumalaikoodal, Mettur, Ajay Nagar, Mettur, Salem, Tamil Nadu
Size:1335 Sq. ft
Auction Description
Canara Bank presents a SARFAESI auction for a land and building property in Mettur, Salem. The auction commences on November 26, 2025, at 12:30 PM and concludes at 01:30 PM on the same day. The reserve price is set at ₹31,64,000, with an EMD of ₹3,16,400. This is a unique opportunity to bid on a residential property directly from the bank. Ensure all documentation and payment terms are reviewed prior to participation.
Borrower Name:Sri. K. Balasubramaniam
Auction Type:SARFAESI Auction
Guarantor Names:Smt. B. Maheshwari
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land and building in Mettur, Salem, presents a reasonable investment opportunity given its location and size. The reserve price is moderate, but potential buyers should carefully consider local market conditions and assess the property's physical condition. This is a Calculated Opportunity due to the need for due diligence on the encumbrances, if any.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
