Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:608986
Bank Name:Indian Bank
Branch Name:PALLATHUR BRANCH
Reserve Price:₹78,42,000
EMD:₹7,84,200
Bid Increment:₹50,000
Auction Time:11 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a SARFAESI auction conducted by Indian Bank for a valuable piece of land located in Karaikudi Taluk, Karaikudi, Tamil Nadu. The property, previously owned by M/s. Sri Ariyanayaki Traders, is categorized as residential land. It presents an excellent opportunity for investment or development in a well-known area of Tamil Nadu.
State:Tamil Nadu
City:Karaikudi
Area:Karaikudi Taluk
Asset Category:Residential
Full Address:S No 233/8, Patta No 49, Pallathur Village & Group, Pallathur Town Panchayat, Sakkattai Union, Karaikudi Taluk, Sivaganga District, Pallathur, Karaikudi
Size:0.20.0 Hectares
Auction Description
Indian Bank is holding a SARFAESI auction for residential land in Karaikudi Taluk, Karaikudi, Tamil Nadu. The auction will take place on November 19, 2025, from 11:00 AM to 04:00 PM. The reserve price is set at ₹78,42,000, with an Earnest Money Deposit (EMD) of ₹7,84,200 required to participate. This is a direct opportunity to acquire property through a bank auction process.
Borrower Name:M/s. Sri Ariyanayaki Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mr. S.Sekar, Mr.K Sivaprakasam, Mrs.S.Selvakumari
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property is a vacant land with clear boundaries and location details, suggesting good investment potential. Its location in Karaikudi, a developing area, and a reasonable reserve price make it an attractive opportunity for investors. The bank auction provides a transparent and secure acquisition process.
Contact Details
Branch:Branch Office : PALLATHUR BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
