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2537 square feet Shops for sale in Salem Salem

Salem, Tamil Nadu – 636307

State Bank of India · SMEC SALEM-61074

Open sale notice (PDF) View on BAANKNET

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Reserve price
₹1,22,00,000
EMD
₹12,20,000
Bid increment
₹50,000
Area
2,538 sq ft
Price per sq ft
₹4,807

Key dates

  1. Inspect the property20 Oct 2026, 11:00 AM – 20 Oct 2026, 4:59 PM
  2. Pay EMD and submit bid by9 Nov 2026, 4:00 PM
  3. Auction10 Nov 2026, 10:30 AM – 11:30 AM · in 23 days

What you'd pay at the reserve price

EMD, before the auction
₹12,20,000
Rest of 25% when you win (same or next day)
₹18,30,000
Balance 75%, usually within 15 days
₹91,50,000
Stamp duty and registration (about 5–8%, varies by state)
₹6.10 L – ₹9.76 L

You may bid above the reserve in steps of ₹50,000. If you lose, the EMD is refunded. Check the notice for exact terms and any dues (society, tax, electricity) the buyer must pay.

Property

Type
Commercial · Shops
Possession
Symbolic
Auction type
DRT (Debt Recovery Tribunal) · DRT, Coimbatore
Address
Door No 1/77 SF No 1/1B2 Selathampatty Main Road, Panangadu, Sivathapuram Village, Suramangalam Sub Reg Div, Salem Corporation, Salem - 636307.
Borrower
E Raja

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