Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610469
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE KANNUR
Reserve Price:₹80,00,000
EMD:₹8,00,000
Bid Increment:₹80,000
Auction Time:01:00 P. M. to 02:00 P. M.
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-27
Property Description
This is a vacant land parcel located in Uthangarai, Krishnagiri, Tamil Nadu. The property is designated for residential use. It offers a clear title and is being auctioned by South Indian Bank under SARFAESI laws. The land is situated in a developing area with potential for future growth. Ideal for individuals or developers looking for a plot in this region.
State:Tamil Nadu
City:Krishnagiri
Area:Uthangarai
Asset Category:Residential
Full Address:S.No. 3/9, New Sub Divison S.No.3/9A2B, Ward No. 6 of Sunnalampatti Village, Sunnalampatti Village, Uthangarai
Size:2175.25 Sq. Ft.
Auction Description
South Indian Bank is conducting a SARFAESI auction for a prime piece of land in Uthangarai, Krishnagiri, Tamil Nadu. The auction will take place on November 27, 2025, from 1:00 PM to 2:00 PM. The reserve price is set at ₹80,00,000, with an Earnest Money Deposit (EMD) of ₹8,00,000 required to participate. This is a unique opportunity to acquire valuable land in a growing locality. Interested bidders are advised to review all auction terms and conditions prior to bidding.
Borrower Name:M/s. Lakshmi Network
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Yamuna Pichamuthu, Mr. B Manimaran
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The land offers moderate investment appeal due to its location in Uthangarai and physical possession status. The reserve price and EMD are reasonable, but potential investors should conduct thorough due diligence before bidding. It's a calculated opportunity for those familiar with the local market.
Contact Details
Branch:Branch Office : REGIONAL OFFICE KANNUR
Service Provider:bankauctions.in
Contact Details:
Mr. R. Balaji
Contact no:9443759259
