Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610331
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE : COIMBATORE
Reserve Price:₹31,87,000
EMD:₹3,18,700
Bid Increment:₹50,000
Auction Time:12:30 P. M. to 01:30 P. M.
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
A residential land and building located in Manmangalam Taluk, Karur, Tamil Nadu. This property is part of a SARFAESI auction conducted by South Indian Bank. The asset is associated with borrower Mr. Kumarasamy K. It is an excellent opportunity to acquire a property in a well-known location.
State:Tamil Nadu
City:Karur
Area:ManmangalamTaluk
Asset Category:Residential
Full Address:S.F. No.272, New S.F. No.272/9 of Manmangalam Village, Karur Taluk, Manmangalam, Karur
Size:3139 Sq.Ft.
Auction Description
South Indian Bank is holding a SARFAESI auction for a residential land and building in Manmangalam Taluk, Karur, Tamil Nadu. The auction will take place on November 26, 2025, from 12:30 PM to 01:30 PM. The reserve price for this auction is ₹31,87,000, with an Earnest Money Deposit (EMD) of ₹3,18,700. This is a prime opportunity for potential buyers to acquire a valuable asset.
Borrower Name:Mr. Kumarasamy K
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:EC Taken from 01.01.2015 to 29.10.2025 and it has following Encumbrance.1) An attachment entry is reflected which is numbered as 32 of 2023. (However, the said encumbrance has been created after mortgaging the property in favour of the Bank. There is no encumbrance over the property to the knowledge of the Bank other than those mentioned herein)
Why This Property
The property offers a decent-sized land and building in a developing location. While the location is not prime, the reserve price appears reasonable. Careful assessment of the encumbrances and legal status is recommended before bidding.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : COIMBATORE
Service Provider:bankauctions.in
Contact Details:
Contact no:8870749897
