Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610488
Bank Name:South Indian Bank
Branch Name:REGIONAL OFFICE : COIMBATORE
Reserve Price:₹30,72,000
EMD:₹3,07,200
Bid Increment:₹10,000
Auction Time:11:00 A.M. to 12:00 P.M.
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-27
Bid Start Date:2025-11-28
Property Description
This is a residential plot located in Mettur, Salem, Tamil Nadu. The property is being auctioned by South Indian Bank under SARFAESI provisions.
State:Tamil Nadu
City:Salem
Area:Mettur
Asset Category:Residential
Full Address:Old Survey No.5/3, New T.S.No.4/1, Ward No.D, Block No.7, Mettur Village, Mettur Taluk, Salem West Sub Registration District, Salem District, Mettur, Salem
Size:4000 Sq.ft
Auction Description
South Indian Bank is conducting a SARFAESI auction for a residential plot in Mettur, Salem, Tamil Nadu. The auction will take place on November 28, 2025, between 11:00 AM and 12:00 PM. The reserve price for this property is ₹3,072,000, with an Earnest Money Deposit (EMD) of ₹307,200 required. This is a valuable opportunity to acquire land in a developing area.
Borrower Name:Mr. A. Santhosh Kumar
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Parimala E, Mr. Suresh Babu
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The plot in Mettur, Salem, offers a good investment opportunity at a reasonable reserve price. While the location is not a major metropolitan area, it presents potential for future growth. The auction terms are standard, and a thorough due diligence process is advisable before participating in the bid.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : COIMBATORE
Service Provider:bankauctions.in
Contact Details:
Contact no:8220533743
