Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:611181
Bank Name:Indian Overseas Bank
Branch Name:VANDAVASI BRANCH
Reserve Price:₹4,32,000
EMD:₹43,200
Bid Increment:₹5,000
Auction Time:11:00 AM to 3:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
Prime land parcel located in the well-connected Tiruvanamalai area of Tiruvannamalai, Tamil Nadu. This residential plot offers an excellent investment opportunity in a growing region. Ideal for residential development or personal use. The property is being auctioned by Indian Overseas Bank.
State:Tamil Nadu
City:Tiruvannamalai
Area:Tiruvanamalai
Asset Category:Residential
Full Address:09 & 10, Sairam Nagar, S F No 429/28(new), 429/2(old), plot no 09 & 10, Gandhi Salai, Sairam Nagar, Eachur village, Eachur village, Tiruvanamalai
Building/Society:Sairam Nagar
Size:2400 sq ft
Auction Description
Indian Overseas Bank presents a SARFAESI auction for a valuable land property in Tiruvanamalai, Tiruvannamalai, Tamil Nadu. The auction will be held on November 19, 2025, from 11:00 AM to 3:00 PM. The reserve price is ₹4,32,000, with an EMD of ₹43,200. This is a unique chance to acquire property directly from the bank.
Borrower Name:Mr. D Ravichandran
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Constructive
Encumbrance Details:NIL
Why This Property
The land offers potential in a developing area of Tiruvanamalai. The reserve price seems reasonable, but due diligence is crucial due to the 'Constructive' possession status. This represents a calculated opportunity for investors familiar with the local market.
Contact Details
Branch:Branch Office : VANDAVASI BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no: —
