Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614548
Bank Name:Indian Overseas Bank
Branch Name:Regional Office : ERODE
Reserve Price:₹27,78,000
EMD:₹2,77,800
Bid Increment:₹20,000
Auction Time:11 A.M. to 01.00 P.M
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-10
Bid Start Date:2025-11-26
Property Description
A residential house located in Kulithalai, Karur, Tamil Nadu. This property is being auctioned by Indian Overseas Bank under SARFAESI norms. It represents an excellent opportunity for homeownership or investment in a developing area. The property is situated in a well-connected locality with essential amenities nearby. Ideal for families seeking a comfortable living space.
State:Tamil Nadu
City:Karur
Area:Kulithalai
Asset Category:Residential
Full Address:9/122, #122/9, North St, Neithalur (PO), Kulithalai (TK), Karur Dist, PIN-639110, Neithalur, Karur
Size:0.13 cents
Auction Description
Indian Overseas Bank presents an SARFAESI auction for a residential house in Kulithalai, Karur, Tamil Nadu. The auction will commence on November 26, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price is set at INR 27,78,000, with an Earnest Money Deposit (EMD) of INR 2,77,800 required to participate. This is a legal auction conducted to recover dues from Mr. Muthukumaran P.
Borrower Name:Mr. Muthukumaran P
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is located in Kulithalai, a developing area, and offered at a reasonable reserve price. While not a prime investment, the residential house presents a calculated opportunity for potential buyers. Due diligence is crucial to assess local market conditions and property value.
Contact Details
Branch:Branch Office : Regional Office : ERODE
Service Provider:BAANKNET
Contact Details:
Contact no:8925952084
