Plot for auction 2A PADAIVEEDU VILLA, Padaiveedu, Salem by Indian Overseas Bank

Property for Auction in Padaiveedu, Salem, Tamil Nadu

Property Type IconProperty Type:
Plot
Location IconLocation:
Padaiveedu, Salem
Auction Date IconAuction Date:
26-08-2025 11:00 AM

Auction Details

Auction ID:558090

Bank Name:Indian Overseas Bank

Branch Name:REGIONAL OFFICE: SALEM

Reserve Price:2,56,200

EMD:25,620

Service Provider:BAANKNET

Important Dates

Submission Date:25-08-2025 05:00 PM

Bid Start Date:26-08-2025 11:00 AM

Property Description

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

Auction Description

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 Details

Contact: Mrs. Maheswari B Mob: 8925950796

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