Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613127
Bank Name:Indian Bank
Branch Name:Regional office
Reserve Price:₹36,75,000
EMD:₹3,67,500
Bid Increment:₹25,000
Auction Time:10 am to 4 pm
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This offering presents a prime opportunity to acquire a Land and Building asset located in Chidambaram Taluk, Chidambaram, Tamil Nadu. Classified under the Residential category, this property is being auctioned by Indian Bank. It is an ideal investment for those looking to own a piece of real estate in a developing area. The property details and accessibility make it a noteworthy acquisition in the region.
State:Tamil Nadu
City:Chidambaram
Area:Chidambaram Taluk
Asset Category:Residential
Full Address:Udaiyarkudi Village in Natham S.No. 74/25 in New S.No.248/6, Udaiyarkudi Village, Chidambaram
Size:1283.625 sq.fts.
Auction Description
Indian Bank is conducting a SARFAESI auction for a Land and Building property in Chidambaram Taluk, Chidambaram, Tamil Nadu. The auction will take place on December 10, 2025, commencing at 10:00 AM and concluding at 04:00 PM. The reserve price is set at ₹3,675,000.0, with an Earnest Money Deposit (EMD) of ₹367,500.0 required to participate. This is a significant opportunity to bid on a valuable asset directly from the bank.
Borrower Name:M/s. Professional Decors
Auction Type:SARFAESI Auction
Guarantor Names:Mr. R.Govindaraj, Mr. S.Ravishankar
Legal Details
Possession Status:Constructive
Encumbrance Details:Nil
Why This Property
The property is a land and building in a developing area with a moderate reserve price. The auction terms are standard, but further due diligence regarding the specific location and potential for appreciation is recommended before bidding. Its appeal lies in its potential for residential or small-scale commercial development.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
