Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:613235
Bank Name:Canara Bank
Branch Name:Head Office - Bengaluru
Reserve Price:₹8,00,000
EMD:₹80,000
Bid Increment:₹10,000
Auction Time:11:30 a.m. to 12.00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-11
Bid Start Date:2025-12-12
Property Description
This auction features a parcel of land located in Kulithalai, Karur, Tamil Nadu. The property is categorized as residential land and is being auctioned by Canara Bank under SARFAESI rules. This presents a valuable opportunity to acquire land in a developing area of Tamil Nadu.
State:Tamil Nadu
City:Karur
Area:Kulithalai
Asset Category:Residential
Full Address:Karur District, Karur.R.D, Kulithalai Sub.R.D, Kulithalai Taluk, Iraniyamangalam village. Item No.1: Ayan Punja Old S.F.No. 49/2 Patta No.2033 New S.F.No. 49/2B1 Hec 0.12.5 Ac 0.31 cents in this Ac 0.10 cents and Item No.2: Ayan Punja Old S.F.No. 49/2 Patta No.2033 New S.F.No. 49/2B1 Hec 0.12.5 Ac 0.31 cents in this Ac 0.10 cents, Iraniyamangalam, Karur
Size:8720 Sq.ft
Auction Description
Canara Bank is conducting an e-auction for a piece of residential land in Kulithalai, Karur, Tamil Nadu. The auction is being held under the SARFAESI Act. The reserve price for this auction is ₹8,00,000 with an Earnest Money Deposit (EMD) of ₹80,000. The auction will take place on December 12, 2025, with bidding open from 11:30 AM to 12:00 PM. Don't miss this chance to bid on this land asset.
Borrower Name:M/s Sri Ragav Tex
Auction Type:SARFAESI Auction
Guarantor Names:Mr.K.N.Kamesh
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The land's location in Kulithalai, Karur, presents a potential investment opportunity. While the reserve price of ₹800,000 is reasonable, the lack of detailed information on the location impacts the scoring. A cautious approach is advised due to reliance on a bank auction.
Contact Details
Branch:Branch Office : Head Office - Bengaluru
Service Provider:BAANKNET
Contact Details:
Contact no:9489045750
