Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610627
Bank Name:Canara Bank
Branch Name:ARM Branch
Reserve Price:₹27,17,000
EMD:₹2,71,700
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This property is a Land and Building located in Gobichettipalayam, Erode, Tamil Nadu. It is a residential asset being auctioned by Canara Bank under the SARFAESI Act. The property is associated with the borrower Mrs. Vijaya Rajan.
State:Tamil Nadu
City:Erode
Area:Gobichettipalayam
Asset Category:Residential
Full Address:New SF No. 441/2B2B P Hec.0.36.5 (old SFno.441/2,Pac.2.75) Patta no.212, Thathanur Village, Avinashi Taluk, Thathanur, Gobichettipalayam
Size:1865.5 square feet
Auction Description
Canara Bank is conducting a SARFAESI auction for a Land and Building property in Gobichettipalayam, Erode, Tamil Nadu. The auction will take place on November 20, 2025, from 10:00 AM to 12:00 PM. The reserve price for this residential property is ₹27,17,000, with an Earnest Money Deposit (EMD) of ₹2,71,700 required to participate.
Borrower Name:Mrs. Vijaya Rajan
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in Gobichettipalayam and the presence of a building. The reserve price and EMD are relatively reasonable. Further due diligence is recommended to assess potential.
Contact Details
Branch:Branch Office : ARM Branch
Service Provider:Public Auction
Contact Details:
AUTHORISED OFFICER
Contact no:0431-2416067
