Land and Building for Auction Kolathur Village Narashiman Street Salem 22.5 Lakh by Canara Bank 30 Jun 2026
Kolathur Village, Narashiman Street, Salem
Area: 2648.0 sq. ft.
Natham S. No. 57/1, New Natham S. No. 404/15, Ward No.3, Narashiman Street, Door No's. 3/6-3, 3/6-4, 3/6-5, 3/6-7, Kolathur Village, Mettur Taluk, Salem District.
Canara Bank · Regional Office
Reserve price
₹22,50,000
EMD ₹2,25,000
Auction date
30 Jun 2026, 11:30 AM
Auction notice
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Quick read
- ▸Area: 2648.0 sq. ft.
- ▸Locality: Kolathur Village, Narashiman Street
- ▸Reserve: ₹22,50,000
- ▸EMD: ₹2,25,000
Auction snapshot
| Possession | — |
| Property type | Land And Building · Residential |
| Locality | Kolathur Village, Narashiman Street |
| Built-up / plot area | 2648.0 sq. ft. |
| Lender | Canara Bank |
| Branch | Regional Office |
| Unit / flat no. | Door No's. 3/6-3, 3/6-4, 3/6-5, 3/6-7 |
| Auction type | SARFAESI Auction |
| Bid increment | ₹50,000 |
| Service provider | BAANKNET |
About this property
Land And Building bank auction in Kolathur Village, Narashiman Street, Salem by Canara Bank — reserve price ₹22,50,000, 2648.0 sq. ft..
An excellent opportunity to acquire a residential land and building (Mangalore Tiled House) through a bank auction by Canara Bank. This property is located in the desirable Kolathur Village, Narashiman Street, Mettur Taluk, Salem District, Tamil Nadu. The total land area is 2648 sq. ft., featuring a well-maintained house with electric and water connections. The auction is part of a recovery process by Canara Bank. With a reserve price of ₹2,250,000 and an EMD of ₹225,000, this property offers significant investment appeal for those seeking residential property for sale in Salem. Key features include its specific address (Natham S. No. 57/1, New Natham S. No. 404/15, Ward No.3, Door No's. 3/6-3, 3/6-4, 3/6-5, 3/6-7), making it a prime bank auction property in Mettur. Inspections are scheduled for 2026-06-20.
GeoSquare note: This property offers good investment potential given its residential category (Mangalore Tiled House with utilities) and a decent land area of 2648 sq. ft. in Kolathur Village, Mettur, Salem. The reserve price of ₹2,250,000 appears competitive for the area and property type. While the possession status is not explicitly mentioned, the clear description and established location make it a strong buy for potential homeowners or investors.
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