Land and Building for Auction Kolathur Village Salem 22.5 Lakh by Canara Bank 30 Jun 2026
Kolathur Village, 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, Tamil Nadu
Canara Bank · REGIONAL OFFICE SALEM RURAL
Reserve price
₹22,50,000
EMD ₹2,25,000
Auction date
30 Jun 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 2648.0 sq. ft
- ▸Locality: Kolathur Village
- ▸Reserve: ₹22,50,000
- ▸EMD: ₹2,25,000
Auction snapshot
| Possession | Symbolic |
| Property type | Land And Building · Residential |
| Locality | Kolathur Village |
| Built-up / plot area | 2648.0 sq. ft |
| Lender | Canara Bank |
| Branch | REGIONAL OFFICE SALEM RURAL |
| 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, Salem by Canara Bank — reserve price ₹22,50,000, 2648.0 sq. ft, Symbolic possession.
Discover a bank auction property for sale by Canara Bank: a significant land and building with a Mangalore Tiled House spanning 2648 sq. ft. This residential property is strategically located in Narashiman Street, Kolathur Village, Mettur Taluk, Salem District, Tamil Nadu. The auction, managed by Canara Bank's Kolathur Branch, presents an opportunity to acquire a well-situated house. The reserve price is set at ₹2,250,000.0, with an EMD of ₹225,000.0. The e-auction is scheduled for June 30, 2026, from 11:30 AM to 12:30 PM. Property inspection is available on June 20, 2026. This Canara Bank auction property is ideal for those seeking a home in Salem with easy access to Mettur.
GeoSquare note: This residential property in Kolathur Village, Mettur, Salem, offers a substantial land area with a Mangalore Tiled House at a reasonable reserve price of ₹22.5 lakhs for 2648 sq ft. While the location is a village setting rather than a prime city spot, the accessible pricing makes it a fair option for buyers. However, the symbolic possession status introduces a degree of risk that potential investors should consider carefully before bidding.
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