Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609086
Bank Name:Repco Home Finance Limited
Branch Name:Corporate Office - Chennai
Reserve Price:₹37,88,000
EMD:₹3,78,800
Bid Increment:₹25,000
Auction Time:11.00 a.m - 12.00 Noon
Service Provider:Public Auction
Important Dates
Submission Date:2025-09-12
Bid Start Date:2025-10-12
Property Description
This auction features a residential land and building located in Periyakulam, Theni, Tamil Nadu. The property is offered by Repco Home Finance Limited due to default by the borrower, Mr. Raja. This is a prime opportunity to acquire a valuable asset in a developing area.
State:Tamil Nadu
City:Theni
Area:Periyakulam
Asset Category:Residential
Full Address:Door No.456, Ward No.3, Mettu Street, Western Side of Suruliyaru EB Office Main Road, Bungalow Mettu Street, Kullappagoundanpatti Hamlet, Kezhakudalur Village, Periyakulam
Size:1113.5 + 1375.5 sq.feet
Auction Description
Repco Home Finance Limited is conducting a SARFAESI auction for a land and building property in Periyakulam, Theni, Tamil Nadu. The auction will take place on December 10, 2025, from 11:00 AM to 12:00 PM. The reserve price is set at ₹37,88,000 with an Earnest Money Deposit (EMD) of ₹3,78,800. This is a legally mandated auction to recover dues.
Borrower Name:Mr.Raja
Auction Type:SARFAESI Auction
Guarantor Names:Mr.V.Murugan (Deceased), Mr.Virumandi (vide Loan A/c No.1195)
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property in Periyakulam presents a calculated opportunity given its location and land & building type. The reserve price and EMD amount are reasonable, but further due diligence is necessary. The auction terms seem standard, suggesting a moderate level of risk and potential return.
Contact Details
Branch:Branch Office : Corporate Office - Chennai
Service Provider:Public Auction
Contact Details:
Authorized Officer
Contact no:4554-270650&8939898634
