Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610490
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹44,10,000
EMD:₹4,41,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-26
Property Description
Punjab National Bank is auctioning a parcel of land in Palani Taluk, Palani, Tamil Nadu. This residential land, formerly owned by Mr. M. Anguraj, offers a prime opportunity in a developing area. The property is designated for land use and is being sold through a SARFAESI auction. Don't miss this chance to acquire a valuable asset in Palani.
State:Tamil Nadu
City:Palani
Area:Palani Taluk
Asset Category:Residential
Full Address:Palani Town, Kannagi Road, Ward 4, Block 1, T.S. 16/1, Palani, Palani
Size:25594 sq.ft
Auction Description
This is a SARFAESI auction conducted by Punjab National Bank for a land property in Palani Taluk, Palani, Tamil Nadu. The auction begins on November 26, 2025, at 11:00 AM and concludes on the same day at 04:00 PM. The reserve price is set at ₹44,10,000, with an Earnest Money Deposit (EMD) of ₹4,41,000. This is a fantastic opportunity to bid on a significant land parcel.
Borrower Name:Mr.M.Anguraj
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.A. Kalaiyarasi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Listed below. (As per online E.C generated on 28.08.2025) 1.Doc. No:18/2019/court orders/Reg.dt:15.04.2019/by Palani subordinate court against Mr.M.Anguraj 2.Doc. No:10/2022/court orders/Reg.dt:06.04.2022/by Additional sub court against Mr.M.Anguraj 3.Doc. No:21/2022/court orders/Reg.dt:12.05.2022/by Udumalaipet subordinate court against Mr.M.Anguraj 4.Doc. No:59/2022/court orders/Reg.dt:01.10.2022/by Palani Addn. subordinate court against Mr.M.Anguraj 5.Doc. No:70/2022/court orders/Reg.dt: 15.11.2022/by Udumalaipet subordinate court against Mr.M.Anguraj
Why This Property
The property, a plot of land in Palani, presents a calculated investment opportunity. While the location is promising, potential investors should carefully assess the local market conditions and conduct thorough due diligence, given the moderate prime property score.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:Public Auction
Contact Details:
Contact no: —
