Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609272
Bank Name:Tamilnad Mercantile Bank Limited
Branch Name:Regd.office
Reserve Price:₹1,62,70,000
EMD:₹16,27,000
Bid Increment:₹10,000
Auction Time:12:30 PM to 1:30 PM
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-11-06
Bid Start Date:2025-11-07
Property Description
Discover an exceptional land opportunity in Ariyalur, Perambalur, Tamil Nadu. This residential land, part of a SARFAESI auction conducted by Tamilnad Mercantile Bank Limited, offers a significant investment prospect. The property is situated in a developing area, presenting potential for future growth and value appreciation. Ideal for developers or individuals looking to build their dream home or undertake a strategic real estate project. The auction is a unique chance to acquire valuable land in a key region.
State:Tamil Nadu
City:Perambalur
Area:Ariyalur
Asset Category:Residential
Full Address:Siruvayalur Village, Chettikulam Sub-Registration District, Ariyalur Registration District, Siruvayalur Village, Perambalur
Size:2.61 Acres
Auction Description
Tamilnad Mercantile Bank Limited presents a SARFAESI auction for valuable land in Ariyalur, Perambalur, Tamil Nadu. The reserve price is set at ₹1,62,70,000, with an Earnest Money Deposit (EMD) of ₹16,27,000. This is a prime opportunity to bid on a significant land parcel. The auction will be held on November 7, 2025, commencing at 12:30 PM and concluding at 01:30 PM. Don't miss this chance to secure a prime asset through a transparent and competitive bidding process.
Borrower Name:Mr.C.Vinoth
Auction Type:SARFAESI Auction
Guarantor Names:Mr.S.Chinnasamy
Legal Details
Possession Status:Symbolic
Encumbrance Details:Subsequent to creation of equitable mortgage by Deposit of Title Deeds in favour of our bank on 25.10.2022 vide Doc No.3301/2022 on 07.02.2024 vide Doc No.284/2024, with Sub-Registrar Office Chettikulam. The above said properties have been encumbered by way of conditional attachment order in SRO Chettikulam on 19.07.2024 by Sirkali Co-operative Marketing Society and Mayiladuthurai Co-operative Marketing Society.
Why This Property
The property is a land plot in a developing agricultural region, offering potential for future appreciation. The reserve price is moderate, and the auction terms are standard, making it a calculated opportunity for investors familiar with the local market.
Contact Details
Branch:Branch Office : Regd.office
Service Provider:drt.auctiontiger.net
Contact Details:
Authorized Officer
Contact no:9524020888
