Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612523
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹60,64,000
EMD:₹6,06,400
Bid Increment:₹25,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-23
Bid Start Date:2025-11-24
Property Description
This is a SARFAESI auction by Canara Bank for a Land and Building property in Periyapatti, Namakkal, Tamil Nadu. The property is categorized as Residential. The borrower is M/s Krivis Traders & Services. This is a prime opportunity to acquire a property in a developing area of Namakkal.
State:Tamil Nadu
City:Namakkal
Area:Periyapatti
Asset Category:Residential
Full Address:Survey No.226/53, T.S.No.295/1 Block No. 14 Arthani School Street Ward-C in Periyapatty village Sandhaipettaipudhur, Periyapatti, Namakkal
Size:2340 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property located in Periyapatti, Namakkal, Tamil Nadu. The auction will take place on November 24, 2025, from 11:00 AM to 12:00 PM. The reserve price for this residential property is ₹60,64,000, with an Earnest Money Deposit (EMD) of ₹6,06,400. This is a unique chance to bid on a valuable asset.
Borrower Name:M/s Krivis Traders & Services
Auction Type:SARFAESI Auction
Guarantor Names:Mr.S.K.Balasubbramanian
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in Periyapatti, Namakkal, offered at a reasonable reserve price. While the location offers potential, further due diligence is recommended to assess its investment viability. The auction terms are standard, making it a calculated opportunity for interested buyers.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
