Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609279
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:Regd.office
Reserve Price:₹2,34,12,000
EMD:₹23,41,200
Bid Increment:₹10,000
Auction Time:12:30 PM to 1:30 PM
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-11-06
Bid Start Date:2025-11-07
Property Description
Prime commercial building located in Ariyalur, Perambalur, Tamil Nadu. This property, owned by Mr. C. Vinoth, is being auctioned by Tamilnad Mercantile Bank Limited. Ideal for business ventures, it offers excellent potential in a developing area. The asset category is commercial, and the property type is a commercial building.
State:Tamil Nadu
City:Perambalur
Area:Ariyalur
Asset Category:Commercial
Full Address:Siruvayalur Village, Alathur Taluk, Chettikulam Sub-Registration District, Ariyalur Registration District, Perambalur District, Siruvayalur Village, Ariyalur, Perambalur
Size:0.28 Hec Ares in S.F.No.373/6B and Hec 0.12 Ares in SF.No.373/6C
Auction Description
Tamilnad Mercantile Bank Limited is conducting a SARFAESI auction for a commercial building in Ariyalur, Perambalur, Tamil Nadu. The auction will take place on November 7, 2025, starting at 12:30 PM and ending at 01:30 PM. The reserve price is ₹2,34,12,000, with an EMD of ₹23,41,200. Don't miss this opportunity to acquire a valuable commercial asset.
Borrower Name:Mr.C.Vinoth
Auction Type:SARFAESI Auction
Guarantor Names:Mr.S.Chinnasamy
Legal Details
Encumbrance Details:The above said properties have been encumbered by way of conditional attachment order in SRO Chettikulam on 19.07.2024 by Sirkali Co-operative Marketing Society and Mayiladuthurai Co-operative Marketing Society.
Why This Property
The property offers a calculated investment opportunity due to its location in Ariyalur, Perambalur. The commercial building has potential, but the auction terms and encumbrance details require careful consideration. Its reserve price and EMD also present a moderate barrier to entry, thus it might be a strong buy if evaluated carefully.
Contact Details
Branch:Branch Office : Regd.office
Service Provider:drt.auctiontiger.net
Contact Details:
Authorised Officer
Contact no:9524020888
