Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:613233
Bank Name:Canara Bank
Branch Name:Head Office - Bengaluru
Reserve Price:₹1,35,000
EMD:₹13,500
Bid Increment:₹2,000
Auction Time:11.30 a.m. to 12.00 p.m.
Service Provider:BAANKNET
Important Dates
Submission Date:25-11-2025
Bid Start Date:12-12-2025
Property Description
A plot of land located in Aravakurichi, Karur, Tamil Nadu, designated for residential use. This is a valuable opportunity to acquire land in a developing area. The property is being auctioned by Canara Bank under the SARFAESI Act.
State:Tamil Nadu
City:Karur
Area:Aravakurichi
Asset Category:Residential
Full Address:66, S.S Garden, Kuppam Village (S.S Garden), comprised in S.FNo. 1164/2 & 8 was plotted into house sites and formed approved layout in the name of "SS.Garden" in House Site No.66, Kuppam Village, Aravakurichi
Building/Society:S.S Garden
Size:1200 Sq.ft
Auction Description
This is an online SARFAESI auction conducted by Canara Bank for a piece of land in Aravakurichi, Karur, Tamil Nadu. The auction will take place on November 26, 2025, with bidding open from 11:30 AM to 12:00 PM. The reserve price is ₹135,000, and the EMD (Earnest Money Deposit) required is ₹13,500. This auction is a great chance for potential buyers to secure a property in this region.
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 is situated in a developing area with a low reserve price, making it a potentially interesting investment. However, the limited information and symbolic possession warrant careful assessment before bidding. The auction terms are standard, but the property's long-term appreciation potential needs further investigation.
Contact Details
Branch:Branch Office : Head Office - Bengaluru
Service Provider:BAANKNET
Contact Details:
Contact no:9489045738
