Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609609
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:Thuraiyur Branch
Reserve Price:₹23,00,000
EMD:₹2,30,000
Auction Time:12:30 PM
Service Provider:Public Auction
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2025-11-20
Property Description
This auction features a prime piece of real estate in Thuraiyur, Tiruchirappalli, Tamil Nadu. The property consists of land and a building, categorized as residential. It is being auctioned by Tamilnad Mercantile Bank Limited as part of a SARFAESI action. This is a great opportunity to acquire a property in a developing area.
State:Tamil Nadu
City:Tiruchirappalli
Area:Thuraiyur
Asset Category:Residential
Full Address:S.No(old).229/2, previous Natham Survey No 229/78 (part), New Natham Survey No 229/78A comprised in Manaivarioatta No 1395, Madhurapuri Village, Venkateshpuram Majara, Thuraiyur Taluk, Madhurapuri Village, Tiruchirappalli
Size:852.25 sq ft
Auction Description
Tamilnad Mercantile Bank Limited is conducting a SARFAESI auction for a residential land and building property in Thuraiyur, Tiruchirappalli, Tamil Nadu. The auction will take place on November 20, 2025, from 12:30 PM to 01:30 PM. The reserve price for this property is ₹23,00,000, with an Earnest Money Deposit (EMD) of ₹2,30,000 required to participate. This is a sealed bid auction.
Borrower Name:Mr G Saravanan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.D.Tamilselvi, Mr.D.Ravi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential land and building in a developing area, offered at a reasonable reserve price. While the location may not be prime, the property presents a calculated opportunity for investment due to the competitive auction terms and potential for future appreciation. Further due diligence on local development is recommended.
Contact Details
Branch:Branch Office : Thuraiyur Branch
Service Provider:Public Auction
Contact Details:
Authorised Officer
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