Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612052
Bank Name:ICICI Bank
Branch Name:Branch Office : Chennai
Reserve Price:₹56,50,000
EMD:₹5,65,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:disposalhub.com
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
This auction features a valuable parcel of land located in Nirthanamangalam, Nagapattinam, Tamil Nadu. The property is classified under the residential asset category and is being auctioned by ICICI Bank under the SARFAESI Act. This presents a prime opportunity to acquire land in a developing area of Nagapattinam.
State:Tamil Nadu
City:Nagapattinam
Area:Nirthanamangalam
Asset Category:Residential
Full Address:S. No: 162/1A1, Nirthanamangalam Village, Velankonni, Nagapattinam-611102, Nirthanamangalam, Nagapattinam
Size:12421 Sq.ft
Auction Description
ICICI Bank is conducting an online SARFAESI auction for a land property in Nirthanamangalam, Nagapattinam, Tamil Nadu. The auction will take place on November 25, 2025, from 10:30 AM to 11:30 AM. The reserve price is set at ₹56,50,000, with an Earnest Money Deposit (EMD) of ₹5,65,000 required to participate. This is a direct opportunity to bid on a property formerly associated with Sri Annai Sea Foods.
Borrower Name:Sri Annai Sea Foods
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Ravichandran M., Mr. Srinivasan Ravichnadran, Mrs. Uma Rani Ravichnadran
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The land in Nirthanamangalam offers a good investment opportunity due to its size and location near Velankanni. The reserve price seems reasonable, but potential buyers should conduct thorough due diligence. The recommendation is a 'Calculated Opportunity' due to the rural location.
Contact Details
Branch:Branch Office : Branch Office : Chennai
Service Provider:disposalhub.com
Contact Details:
Contact no:7550214251
