Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612170
Bank Name:Indian Bank
Branch Name:MADURAI MAIN BRANCH
Reserve Price:₹25,00,000
EMD:₹2,50,000
Bid Increment:₹10,000
Auction Time:10:00 am to 5:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
A prime residential plot located in the developing area of Koolayanur, Theni, Tamil Nadu. This property offers a great opportunity for investment or building your dream home. Situated in a growing locality, it benefits from the peaceful environment of Theni while being accessible to local amenities. The plot is part of a SARFAESI auction conducted by Indian Bank.
State:Tamil Nadu
City:Theni
Area:Koolayanur
Asset Category:Residential
Full Address:8, 9, 10, Plot No 8, 9, 10 at S No.45/6, Koolaiyanoor Village, Koolaiyanoor Village, Theni
Auction Description
Indian Bank presents a SARFAESI auction for a residential plot in Koolayanur, Theni, Tamil Nadu. The auction will take place on 19-11-2025, commencing at 10:00 AM and concluding at 05:00 PM. The reserve price for this property is INR 25,00,000, with an Earnest Money Deposit (EMD) of INR 2,50,000 required. This is a unique opportunity to acquire a plot in a developing region of Tamil Nadu.
Borrower Name:Mr. P Thamotharan
Auction Type:SARFAESI Auction
Guarantor Names:K Nallaperumal
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The plot in Koolayanur, Theni presents a moderate investment opportunity. Its location in a village setting tempers its potential, but the reasonable reserve price and clear auction terms make it worth considering. Careful due diligence regarding local development plans is advised.
Contact Details
Branch:Branch Office : MADURAI MAIN BRANCH
Service Provider:BAANKNET
Contact Details:
Mr. RISHI KUMAR AGARWAL
Contact no:9442634306
