Property for Auction in Padaiveedu, Salem, Tamil Nadu
Auction ID:558090
Bank Name:Indian Overseas Bank
Branch Name:REGIONAL OFFICE: SALEM
Reserve Price:₹2,56,200
EMD:₹25,620
Service Provider:BAANKNET
Submission Date:25-08-2025 05:00 PM
Bid Start Date:26-08-2025 11:00 AM
This property is a residential plot located in the Padaiveedu area of Salem, Tamil Nadu. The plot is being auctioned by Indian Overseas Bank due to a SARFAESI action against the borrower, Mr. P. Sekar. It represents a straightforward land asset in a developing region, suitable for residential construction. The property offers a potential building site within the Salem district.
State:Tamil Nadu
City:Salem
Area:Padaiveedu
Asset Category:Residential
Indian Overseas Bank presents a SARFAESI auction for a residential plot in Padaiveedu, Salem, Tamil Nadu. This is a valuable opportunity to acquire property directly from the bank. The reserve price is set at ₹2,56,200, with an Earnest Money Deposit (EMD) of ₹25,620. The auction will be conducted online on August 26, 2025, from 11:00 AM to 3:00 PM. Don't miss this chance to invest in Salem's real estate market.
Borrower Name:Mr. P. Sekar
Auction Type:SARFAESI Auction
Contact: Mrs. Maheswari B Mob: 8925950796