Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610792
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹58,89,000
EMD:₹5,88,900
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 Omalur, Salem, Tamil Nadu. The asset is categorized as residential and is being auctioned by Canara Bank under SARFAESI. The property offers a great opportunity for ownership in a developing area.
State:Tamil Nadu
City:Salem
Area:omalur
Asset Category:Residential
Full Address:D. No. 2, Old No. 19, Poomalai Street, Kannankurichi Village, Salem - 636 008, Kannankurichi, Salem
Size:1236 Sq. ft
Auction Description
Canara Bank presents a SARFAESI auction for a Land and Building property located in Omalur, Salem, Tamil Nadu. The auction will commence on November 26, 2025, at 12:30 PM and conclude at 01:30 PM on the same day. The reserve price is set at 58,89,000 INR, with an Earnest Money Deposit (EMD) of 5,88,900 INR. This is a prime opportunity to acquire a residential asset.
Borrower Name:Smt. S. Mythiliramya
Auction Type:SARFAESI Auction
Guarantor Names:Sri. M. Senthil Kumar
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land and building asset in Omalur, Salem, is offered at a reserve price that reflects the location's potential. Given the limited details and general location, it represents a calculated opportunity for local investors familiar with the area's market dynamics. Prudent due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
