Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611547
Bank Name:Indian Bank
Branch Name:TIRUNELVELI JUNCTION BRANCH
Reserve Price:₹80,00,000
EMD:₹8,00,000
Bid Increment:₹10,000
Auction Time:10.00 am to 4.0 pm
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This auction features a land and building property located in Nagarkoil, Kanyakumari, Tamil Nadu. The asset is categorized as residential and is being auctioned by Indian Bank under the SARFAESI Act. The property was formerly associated with M/s. V.S.Kalyanasundaram Auto Agency.
State:Tamil Nadu
City:Kanyakumari
Area:Nagarkoil
Asset Category:Residential
Full Address:244, Door No.244, Gopal Road, Re-survey Nos. N-11/47, Vaithiyanathapuram, Kottar, Nagercoil Village, Kanyakumari Joint I SRO, Kanyakumari District, Kottar, Nagarkoil
Size:6098.40 Sq. Ft
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land and building in Nagarkoil, Kanyakumari. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 04:00 PM. The reserve price for this auction is ₹80,00,000, with an Earnest Money Deposit (EMD) of ₹8,00,000 required. This is a prime opportunity to acquire a property in a sought-after location.
Borrower Name:M/s. V.S.Kalyanasundaram Auto Agency
Auction Type:SARFAESI Auction
Guarantor Names:Mr.V.S.K. Radhakrishnan, Mrs.R.Valarmathy, Mr.R. Rajiv, Mr.V.S.K. Radhakrishnan, Mr.R.Rajiv, Mr. A.Ravi
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property is a land and building in Nagarkoil with a decent area, offered at a reasonable reserve price. The symbolic possession and lack of detailed inspection information necessitate careful due diligence. It's a calculated opportunity, suitable for investors familiar with the local market.
Contact Details
Branch:Branch Office : TIRUNELVELI JUNCTION BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
