Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610572
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹36,00,000
EMD:₹3,60,000
Auction Time:01.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This is a residential house located in Aruppukottai, Virudhunagar, Tamil Nadu. The property is being auctioned by City Union Bank under the SARFAESI Act due to loan default by the borrower, Mr. B. John. It presents an opportunity to acquire a house in this established area.
State:Tamil Nadu
City:Virudhunagar
Area:Aruppukottai
Asset Category:Residential
Full Address:10, No.10 in Old T.S.No.5/1 Part, then T.S. Nos 5/1A and 2A, now T.S.No.5/2C, Ward C, Block 25 Malaiyarasan Kovil East-West Street, South Street Area, Malaiyarasan Kovil, Aruppukottai
Size:1100 Sq. Ft.
Auction Description
City Union Bank is conducting a SARFAESI auction for a residential house in Aruppukottai, Virudhunagar, Tamil Nadu. The auction will be held online on November 19, 2025, from 11:00 AM to 01:00 PM. The reserve price is set at 36,00,000 INR, with an Earnest Money Deposit (EMD) of 3,60,000 INR required to participate. This is a public auction, and interested bidders are advised to review all terms and conditions before participating.
Borrower Name:Mr. B. John
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. M. Parkavi, Mr. N.G. Balan
Legal Details
Possession Status:As-is
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential house in Aruppukottai offered at a reasonable reserve price. While the location is not explicitly highlighted as premium, it represents a decent opportunity given the property type and auction terms. Potential buyers should conduct thorough due diligence.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:04566-223962
