Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610333
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE : COIMBATORE
Reserve Price:₹20,00,000
EMD:₹2,00,000
Bid Increment:₹50,000
Auction Time:02:30 P.M. to 03:30 P. M.
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This auction features a residential land and building located in Nerur, Karur, Tamil Nadu. The property is being sold under the SARFAISI Act by South Indian Bank. It presents an opportunity for buyers looking for a property in this region. The borrower for this asset is Mr. Kumarasamy K.
State:Tamil Nadu
City:Karur
Area:Nerur
Asset Category:Residential
Full Address:S.F.No.609, New S.F.No.609/35 of Nerur South Village, Karur Taluk, Karur District, Nerur South Village, Karur
Size:2180 Sq.Ft
Auction Description
South Indian Bank is conducting a SARFAESI auction for a land and building property in Nerur, Karur, Tamil Nadu. The auction will take place on November 26, 2025, from 2:30 PM to 3:30 PM. The reserve price for this auction is ₹20,00,000, with an Earnest Money Deposit (EMD) of ₹2,00,000 required to participate.
Borrower Name:Mr. Kumarasamy K
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Pappayi P
Legal Details
Possession Status:Physical
Encumbrance Details:EC Taken from 01.01.2015 to 13.07.2025 and it has No Encumbrance.
Why This Property
The property offers a decent investment opportunity given its location in Nerur, Karur and reasonable reserve price. The land and building type makes it suitable for residential or small commercial use. Auction terms are standard, but potential investors should conduct thorough due diligence.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : COIMBATORE
Service Provider:bankauctions.in
Contact Details:
Contact no:8870749897
