Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:609688
Bank Name:TRUHOME FINANCE LIMITED
Branch Name:Head Office : Mumbai
Reserve Price:₹22,48,972.5
EMD:₹2,24,897
Bid Increment:₹10,000
Auction Time:11:00 P.M. to 1.00 p.m.
Service Provider:bankeauctions.com / C1 India
Important Dates
Submission Date:2025-11-13
Bid Start Date:2025-11-14
Property Description
This is a SARFAESI auction for a land and building property located in Katapdi, Vellore, Tamil Nadu. The property is residential in nature and is being auctioned by TRUHOME FINANCE LIMITED. The borrower is Mr. T Janarthanan. This presents an opportunity to acquire a property in a well-known area of Vellore.
State:Tamil Nadu
City:Vellore
Area:Katapdi
Asset Category:Residential
Full Address:2, Plot No. 2 Situated at East Street, V.G.Raw Street, Katpadi village, Katpadi Tk, Vellore DT, Katpadi, Vellore
Size:1323.75 Sq.Ft
Auction Description
TRUHOME FINANCE LIMITED is conducting a SARFAESI auction for a land and building property in Katapdi, Vellore, Tamil Nadu. The auction will take place on November 14, 2025, from 11:00 AM to 01:00 PM. The reserve price is ₹22,48,972.00, with an Earnest Money Deposit (EMD) of ₹2,24,897.00. This is a prime opportunity for interested buyers to participate in the auction and potentially acquire this residential asset.
Borrower Name:Mr. T Janarthanan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. T Vijayanthimala
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not known
Why This Property
The property is a land and building in a developing area, presenting a moderate investment opportunity. The reserve price is reasonable, and the location in Katpadi, Vellore, adds potential for future appreciation. However, further due diligence is recommended to assess local market conditions.
Contact Details
Branch:Branch Office : Head Office : Mumbai
Service Provider:bankeauctions.com / C1 India
Contact Details:
S Singh
Contact no:8428648685
