Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610573
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹73,80,000
EMD:₹7,38,000
Bid Increment:₹10,000
Auction Time:10.00 A.M. AND 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
A plot of land located in Uthukottai, Tiruvallur, Tamil Nadu. This residential asset is being auctioned by Indian Bank. The property offers a great opportunity for development or investment in a growing region.
State:Tamil Nadu
City:Tiruvallur
Area:Uthukottai
Asset Category:Residential
Full Address:No.66, Kavarai Street, Periyapalayam, No.66, Periyapalayam Village, within the limits of Ellapuram Panchayat Union, Uthukottai Taluk, Thiruvallur District, in New S. No.229/2, as per Patta No.30, Old S. Nos. 112/141, 112/127 A3 and New S. No.229/1, Periyapalayam Village, Uthukottai
Size:4335 Sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a land parcel in Uthukottai, Tiruvallur, Tamil Nadu. The auction starts on November 19, 2025, at 10:00 AM and concludes at 4:00 PM on the same day. The reserve price is ₹73,80,000, with an Earnest Money Deposit (EMD) of ₹7,38,000. This is a prime opportunity to acquire property under the SARFAESI Act.
Borrower Name:Mr.D. Narayanan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.D. Latha, Mrs.R. Sunitha
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property in Uthukottai offers a decent opportunity due to its land size and building. The reserve price seems reasonable for the location, but further due diligence is needed to assess the building's condition and local market rates before making a bid. Symbolic possession introduces potential delays and risks.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:044-28171281
