Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612125
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:DINDIGUL BRANCH
Reserve Price:₹54,00,000
EMD:₹5,40,000
Auction Time:04:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:19-11-2025 05:00 PM
Bid Start Date:2025-11-20
Property Description
This is a bank auction of a vacant land parcel located in Nagalnaickenpatti, Dindigul, Tamil Nadu. The property is categorized as residential land. It is being auctioned by Tamilnad Mercantile Bank Limited under SARFAESI provisions. The land is situated in a developing area with potential for residential construction. The auction presents an opportunity to acquire a plot in Dindigul.
State:Tamil Nadu
City:Dindigul
Area:Nagalnaickenpatti
Asset Category:Residential
Full Address:Begampur Matharbawa Street in T.S.No.457, Patta No. 12314, new T.S.No.457, Nagalnaickenpatti, Dindigul
Size:2244 square feet
Auction Description
Tamilnad Mercantile Bank Limited is conducting a SARFAESI auction for a residential land in Nagalnaickenpatti, Dindigul. The reserve price for this auction is ₹54,00,000, with an Earnest Money Deposit (EMD) of ₹5,40,000 required. The auction will take place online on November 20, 2025, between 4:00 PM and 5:00 PM. This is a single-day auction event. Interested bidders should ensure they have the EMD ready for participation.
Borrower Name:M/s.S.N.K.Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mr.M.Mohamed Fayaz, Mr.A.kithur Mohamed
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, a vacant land in Nagalnaickenpatti, Dindigul, presents a moderate investment opportunity. The reserve price of ₹54,00,000, while reasonable, requires careful assessment of the local real estate market. The symbolic possession indicates potential legal hurdles, but the location offers long-term growth prospects.
Contact Details
Branch:Branch Office : DINDIGUL BRANCH
Service Provider:Public Auction
Contact Details:
Contact no:9842320878
