Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609995
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹6,00,000
EMD:₹60,000
Auction Time:01:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-09
Property Description
This is a residential house located in Chettiyarpatti, Virudhunagar, Tamil Nadu. The property is being auctioned by City Union Bank under SARFAESI Act. It presents a good opportunity for homebuyers or investors looking for a property in this region.
State:Tamil Nadu
City:Virudhunagar
Area:Chettiyarpatti
Asset Category:Residential
Full Address:120A32, D No. 120A32, Hindu Vinayagar Primary School Street, in Ward No 2 of Chalavaipuram Panchayat, Chettiyarpatti, Virudhunagar
Size:276.25 Sq.Ft
Auction Description
City Union Bank is conducting an online SARFAESI auction for a residential house in Chettiyarpatti, Virudhunagar, Tamil Nadu. The auction will take place on December 9, 2025, from 01:00 PM to 02:00 PM. The reserve price for this auction is INR 600,000, with an Earnest Money Deposit (EMD) of INR 60,000. This is a unique chance to acquire a property through a bank auction process.
Borrower Name:M/s. Palanikumar Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr.S.Palanikumar, Mr.S.K.P.Soundara Pandiyan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a reasonable opportunity, given its residential nature and location in Chettiyarpatti. The reserve price seems appropriate, but potential bidders should thoroughly assess the property condition and local market values before participating. Terms of the auction, including the 25% immediate payment, need careful consideration.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:04563-246555/9344023546/8925876331
