All auctions / Tamil Nadu / Salem
27Oct
VACANT LAND for sale in KUMARASAMIPATTI Salem
Salem, Tamil Nadu – 636007
Bank of India · ARB COIMBATORE
- Reserve price
- ₹3,39,00,000
- EMD
- ₹33,90,000
- Bid increment
- ₹50,000
- Area
- 3,190 sq ft
- Price per sq ft
- ₹10,627
This is the 3rd auction of this property. The last auction had a reserve of ₹3,39,00,000. Unsold properties usually come back at a lower reserve.
Key dates
- Inspect the property8 Oct 2026, 10:00 AM – 26 Oct 2026, 5:00 PM
- Pay EMD and submit bid by27 Oct 2026, 4:00 PM
- Auction27 Oct 2026, 11:00 AM – 5:00 PM · in 12 days
Auction history
| Auction date | Reserve price | Change | Result |
|---|---|---|---|
| 27 Oct 2026 | ₹3,39,00,000 | — | Upcoming |
| 25 Sep 2026 | ₹3,39,00,000 | — | Closed |
| 11 Aug 2026 | ₹3,39,00,000 | — | Closed |
What you'd pay at the reserve price
- EMD, before the auction
- ₹33,90,000
- Rest of 25% when you win (same or next day)
- ₹50,85,000
- Balance 75%, usually within 15 days
- ₹2,54,25,000
- Stamp duty and registration (about 5–8%, varies by state)
- ₹16.95 L – ₹27.12 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
- Other · Others
- Possession
- Symbolic
- Auction type
- Bank sale (SARFAESI)
- Address
- EQM of Residential land admeasuring 3190 Sq.ft and building measuring 2371 Sq.ft located at plot no.27, D.No.79/27, Old Patta MP 8, Old mitta S.No.241/1 part & 241/2 part, old TS NO.716 part &490/1 part.New TS No.37 part (TS No.37/20, presently TS No.116, old ward No.7, New Ward-C, Presently Ward K, Old Block No.22, New Block No.34,Sankar Nagar, Mitta kumarasampatti, Salem Corporation – 636 007 owned by Mrs S.Eswari ( Sister of father in law of the proprietor) – (Guarantor)
- Borrower
- M/s JAYALAKSHMI TRADERS
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