Property for Auction in Edaiyar, Namakkal, Tamil Nadu
Auction ID:530985
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹35,50,000
EMD:₹3,55,000
Service Provider:BAANKNET
Submission Date:29-07-2025 05:00 PM
Bid Start Date:30-07-2025 11:00 AM
Residential land admeasuring 2496 Sq.ft. comprising two items. Item-1: 2326 Sq.ft. of land with boundaries described as North Mr.Chandrasekaran's Property, South Mr.Kandasamy's Property, West-North South Panchayat street, East North South Raja veethi. Dimensions: East-West on the Southern side-94 feet, East-West on the Northern side -85½ feet, North-South Western side 28.15 feet, North-South Eastern side-21.1½ feet. Item-II: 170.00 Sq.ft. of land with boundaries described as North-Mr.Chandrasekaran's Property, South-Item No.1, West-Item No.1, East - North South Raja veethi. Dimensions: East-West on both sides 17 feet, North-South on both sides-10 feet. The property has E.B.Connection No.226-013-382, 226-013-383, Water Connection No.443 and easementary rights as per Doc.No:533/2011, SRO Velur. An unapproved building is constructed on the property as per valuation dated 28.02.2025.
State:Tamil Nadu
City:Namakkal
Area:Edaiyar
Asset Category:Residential
This is a SARFAESI auction by Punjab National Bank for a residential land property located in Edaiyar, Namakkal, Tamil Nadu. The property comprises two items, with a total extent of 2496.15 Sq.ft. of land and buildings constructed thereon. The auction will take place on 30-07-2025 from 11:00 AM to 04:00 PM. The reserve price is 3550000.00 and the EMD is 355000.00. The property is situated in Velur Municipality, Ward No:16, Door No.192 (1.2) Nalliyampalayam. The borrower is M/s. SRI RAJAMURUGAN SAAW MILL.
Borrower Name:M/s. SRI RAJAMURUGAN SAAW MILL
Auction Type:SARFAESI Auction
Ph No : 0422-2231314, 0422-2231345