Land and Building for Auction Mel Street Palacode Road Karimangalam Village Dharmapuri 15.4 Lakh by Indian Overseas Bank 29 Jun 2026
Mel Street, Palacode Road, Karimangalam Village, Dharmapuri
Area: 909.0 sq.ft
S.No. 576/1, Door No 11/29, Mel Street, Palacode Road, Karimangalam Village, Karimangalam Sub Reg Division, Palacode Taluk, Dharmapuri District.
Indian Overseas Bank · Regional Office
Reserve price
₹15,36,000
EMD ₹1,53,600
Auction date
29 Jun 2026, 11:00 AM
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Quick read
- ▸Possession: Physical
- ▸Area: 909.0 sq.ft
- ▸Locality: Mel Street, Palacode Road, Karimangalam Village
- ▸Reserve: ₹15,36,000
- ▸EMD: ₹1,53,600
Auction snapshot
| Possession | Physical |
| Property type | Land And Building · Residential |
| Locality | Mel Street, Palacode Road, Karimangalam Village |
| Built-up / plot area | 909.0 sq.ft |
| Lender | Indian Overseas Bank |
| Branch | Regional Office |
| Unit / flat no. | Door No 11/29 |
| Floor | Ground Floor and First Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹25,000 |
| Service provider | BAANKNET |
About this property
Land And Building bank auction in Mel Street, Palacode Road, Karimangalam Village, Dharmapuri by Indian Overseas Bank — reserve price ₹15,36,000, 909.0 sq.ft, Physical possession.
Discover a bank auction property: a residential house situated on S.No. 576/1, Door No 11/29, Mel Street, Palacode Road, Karimangalam Village, Dharmapuri District. This property features a total building area of 909 sq.ft (722 sq.ft GF and 187 sq.ft FF) on a land measuring 722 sq.ft. Offered by Indian Overseas Bank, the auction has a reserve price of ₹1,536,000 and an EMD of ₹153,600. The e-auction is scheduled for June 29, 2026, from 11:00 AM to 03:00 PM. This residential opportunity in Palacode, Dharmapuri presents a significant investment for prospective buyers seeking properties for sale in Tamil Nadu.
GeoSquare note: This residential property in Palacode, Dharmapuri, offers a decent sized house with 909 sq.ft built-up area on a 722 sq.ft land. The reserve price of ₹1,536,000 seems reasonable for a residential unit in a district town, indicating good investment potential. The bank has taken physical possession, which simplifies the buying process. Its location in Karimangalam Village makes it a fair option for a family residence or rental investment.
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