Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611145
Bank Name:Canara Bank
Branch Name:TRICHY ARM BRANCH
Reserve Price:₹1,45,80,000
EMD:₹14,58,000
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This auction features a plot of land located in Katheri, Namakkal, Tamil Nadu. The property is classified as residential land. It is being auctioned by Canara Bank under the SARFAESI Act. This is a prime opportunity to acquire land in a developing area of Namakkal. Ideal for residential development or investment purposes.
State:Tamil Nadu
City:Namakkal
Area:Katheri
Asset Category:Residential
Full Address:6, 7, 8, 9, Plot Nos.6, 7, 8 and 9, Re.S.F. Nos.304/11B1A and 304/2B1, New Patta Nos.5242 and 5703, Katheri Village, Namakkal
Size:6987.50 sq. ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land parcel in Katheri, Namakkal, Tamil Nadu. The auction will take place on 20-11-2025, with bidding open from 11:00 AM to 12:00 PM. The reserve price is set at ₹1,45,80,000, with an Earnest Money Deposit (EMD) of ₹14,58,000 required to participate. Don't miss this chance to bid on this valuable asset.
Borrower Name:M/s First Mage
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Velmurugan J
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land with commercial building in a developing area, with a moderate Prime Property Score. While the location offers potential, the auction terms and lack of specific building details merit a Calculated Opportunity rating, suggesting a need for due diligence before investment.
Contact Details
Branch:Branch Office : TRICHY ARM BRANCH
Service Provider:Public Auction
Contact Details:
AUTHORISED OFFICER
Contact no:0431-2416067
