A proclamation of sale of immovable property shall be drawn up after notice to the defaulter, and shall state the time and place of sale, and shall specify, as fairly and accurately as possible,-

(a) the property to be sold with particulars thereof;

(b) the amount for the recovery of which the sale is ordered;

(c) the reserve price, if any, below which the property shall not be sold; and

(d) any other matter which the Tax Recovery Officer considers it material for a purchaser to know, in order to judge the nature and value of the property.