Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.5
Auction ID:610913
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:Regd.office
Reserve Price:₹21,75,000
EMD:₹2,17,500
Auction Time:12:30 PM
Service Provider:Public Auction
Important Dates
Submission Date:26-11-2025 05:00 PM
Bid Start Date:2025-11-27
Property Description
This auction features a plot of land located in Paramakudi, Ramanathapuram, Tamil Nadu. The property is being auctioned by Tamilnad Mercantile Bank Limited under SARFAESI provisions. It is categorized as residential land, offering a potential investment opportunity in a developing area. The borrower for this asset is M/s.Matha Bio Fuels. The land is situated in a prime location with good connectivity.
State:Tamil Nadu
City:Ramanathapuram
Area:Paramakudi
Asset Category:Residential
Full Address:S.No.21/2C comprised under patta No. 2650, Melakavanoor Village, S.Kavanoor Group, Paramakudi Taluk, Paramakudi, Ramanathapuram
Size:0.50.0 hectare
Auction Description
Tamilnad Mercantile Bank Limited presents a SARFAESI auction for a residential land parcel in Paramakudi, Ramanathapuram, Tamil Nadu. The auction will commence on November 27, 2025, at 12:30 PM and conclude at 01:30 PM on the same day. The reserve price for this auction is ₹21,75,000, with an Earnest Money Deposit (EMD) of ₹2,17,500 required. This is a significant opportunity to acquire land in a well-connected region.
Borrower Name:M/s.Matha Bio Fuels
Auction Type:SARFAESI Auction
Guarantor Names:Mr.A.Devadass, Mr.Arputham
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is agricultural land in a developing area, offered at a moderate reserve price. The 'Symbolic' possession status and the potential for encumbrances suggest a need for due diligence. This presents a calculated opportunity for buyers familiar with the local land market and associated risks.
Contact Details
Branch:Branch Office : Regd.office
Service Provider:Public Auction
Contact Details:
Contact no:04564-230547
