Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610787
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹78,22,000
EMD:₹7,82,200
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025 04:00 PM
Bid Start Date:26-11-2025 12:30 PM
Property Description
This is a SARFAESI auction by Canara Bank for a Land and Building property located in Suramangalam, Salem, Tamil Nadu. The property is categorized as Residential and is being auctioned due to default by the borrower, Sri. L. Jegan. This is a prime opportunity to acquire a property in a well-established area of Salem.
State:Tamil Nadu
City:Salem
Area:Suramangalam
Asset Category:Residential
Full Address:Thirumalai Nagar, Narasothipatti Village Survey No. 36/40, 5C, 9A, 98, Thirumalai Nagar, Suramangalam, Salem
Building/Society:Thirumalai Nagar
Size:1500 Sq. ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a Residential Land and Building in Suramangalam, Salem, Tamil Nadu. The auction will take place on November 26, 2025, with bidding open from 12:30 PM to 01:30 PM. The reserve price for this auction is ₹78,22,000, and the Earnest Money Deposit (EMD) required is ₹7,82,200. Don't miss this chance to bid on this valuable property.
Borrower Name:Sri. L. Jegan
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 Suramangalam, Salem, and its land and building classification. The reserve price is relatively high, requiring careful consideration of market conditions and potential returns. It's a decent investment that requires thorough due diligence.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
