Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610779
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹38,81,000
EMD:₹3,88,100
Service Provider:BAANKNET
Important Dates
Submission Date:29-10-2025
Bid Start Date:26-11-2025 12:30 PM
Property Description
This is a SARFAESI auction by Canara Bank for a residential land and building located in Mettur, Salem, Tamil Nadu. The property is being auctioned due to the default of borrower Sri. K. Pugalanthi. It offers a great opportunity to acquire real estate in a developing area of Salem.
State:Tamil Nadu
City:Salem
Area:Mettur
Asset Category:Residential
Full Address:S.No. 176/8, Nangavalli Village, Mettur Taluk, Salem District, Tamil Nadu, Nangavalli Village, Mettur
Size:5227 Sq. ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a land and building property in Mettur, Salem, Tamil Nadu. The auction will take place on November 26, 2025, from 12:30 PM to 1:30 PM. The reserve price for this auction is ₹38,81,000, with an EMD (Earnest Money Deposit) of ₹3,88,100. Interested bidders should ensure they meet all auction requirements before participating.
Borrower Name:Sri. K. Pugalanthi
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in Mettur, Salem, and the potential for development or use of the land and building. The reserve price appears reasonable, but a thorough due diligence is recommended to assess the market value and potential for appreciation.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
