Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610797
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹9,09,000
EMD:₹90,900
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 04:00 PM
Bid Start Date:2025-11-26
Property Description
This is a bank auction property located in Sankagiri, Salem, Tamil Nadu. The property is categorized as Residential and consists of Land and Building. It is being auctioned by Canara Bank. The auction is conducted under SARFAESI Act. The borrower is M/s. Subramani Leathers.
State:Tamil Nadu
City:Salem
Area:Sankagiri
Asset Category:Residential
Full Address:Pullagoundam patti agraharam Village, Survey No.76/284, Sankagiri, Salem
Size:1475 Sq.Ft
Auction Description
Canara Bank is holding a SARFAESI auction for a Land and Building property in Sankagiri, Salem, Tamil Nadu. The auction will take place on November 26, 2025, from 12:30 PM to 01:30 PM. The reserve price for this residential asset is INR 9,09,000, with an Earnest Money Deposit (EMD) of INR 90,900 required to participate.
Borrower Name:M/s. Subramani Leathers
Auction Type:SARFAESI Auction
Guarantor Names:Sri. M. Munusamy, Sri.S.Marimuthu
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
This property offers a reasonable opportunity given its location in Sankagiri and the modest reserve price. While the area is not explicitly prime, the price point makes it a calculated risk. Further due diligence on local market conditions is advised before bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
