Land for auction 29 Palangarai Villa, Avinashi, Tiruppur by BOI

The property is located in Palangarai Village, Avinashi Taluk, Tiruppur District, Tamil Nadu. It comprises three distinct parcels: Parcel 1 (Item I): Situated in S.F.No.502/2B, measuring 0.32 acres, and covered by Patta No.1938. Its boundaries are defined by lands in S.F.No.503 (North), S.F.No.502/2A (South), S.F.No.511 (East), and S.F.No.494 (West). Parcel 2 (Item II): Located in Old S.F.No.502/2, New S.F.No.502/2A, measuring 0.33 acres, within the Palangarai Village Panchayat. This includes a 1/3rd share (0.11 acres) of Sumathi (Patta No.736). It also incorporates pathway rights of 1323 sq.ft. in S.F.No.512/5A (Patta No.2212) and 233.3/4th sq.ft. in S.No.502/1C (Patta No.511). Parcel 3 (Item III): Also located in Old S.F.No.502/2, New S.F.No.502/2A, measuring 0.33 acres. This portion includes a 2/3rd share (0.22 acres) of Sumathi (Patta No.736). Similar to Parcel 2, it includes pathway rights of 1323 sq.ft. in S.F.No.512/5A (Patta No.2212) and 233.3/4th sq.ft. in S.No.502/1C (Patta No.511). All properties are situated within the Registration District of Tirupur and Avinashi Sub-Registration District.

This is a SARFAESI auction conducted by the Union Bank of India for a land property located in Avinashi, Tiruppur, Tamil Nadu. The reserve price is ₹3,31,50,000.00 and the EMD is ₹33,15,000.00. The auction will take place on 28-02-2025 from 12:00 PM to 05:00 PM. The property consists of three items, detailed as follows: Item I: Property covered by Sale Deed No.8969 of 2021 in favour of Mrs.M.Kamalam, located in Palangarai Village, Avinashi Taluk, Tiruppur District. It measures 0.32 acres in S.F.No.502/2B, with specified boundaries. Item II: Property covered by Sale Deed No.8985 of 2021 in favour of Mrs.M.Kamalam, located in Palangarai Village, Avinashi Taluk, Tiruppur District. It measures 0.33 acres in Old S.F.No.502/2, New S.F.No.502/2A. This includes a 1/3rd share (0.11 acres) belonging to Sumathi, along with pathway rights (1323 sq.ft. and 233.3/4th sq.ft.) in S.F.No.512/5A and S.No.502/1C. Item III: Property covered by Sale Deed No.8968 of 2021 in favour of Mrs.M.Kamalam, located in Palangarai Village, Avinashi Taluk, Tiruppur District. It measures 0.33 acres in Old S.F.No.502/2, New S.F.No.502/2A. This includes a 2/3rd share (0.22 acres) belonging to Sumathi, along with pathway rights (1323 sq.ft. and 233.3/4th sq.ft.) in S.F.No.512/5A and S.No.502/1C. The borrower is M/s Jaani Holding Private Limited. The property is classified as Residential Land. For inquiries, contact S S Seenivasan at 81484 53448.