Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:613869
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹33,93,000
EMD:₹3,39,300
Bid Increment:₹50,000
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:26-11-2025 04:00 PM
Bid Start Date:2025-11-26
Property Description
This is a residential plot located in Cuddalore, Tamil Nadu, being auctioned by Punjab National Bank. The property is part of a SARFAESI auction and is being sold in its current condition. It offers a prime opportunity for development or investment in a well-connected area. The plot is situated in Cuddalore city, making it accessible to various amenities and infrastructure.
State:Tamil Nadu
City:Cuddalore
Area:Cuddalore
Asset Category:Residential
Full Address:17, Jayalakshmi Nagar, Nathapattu Village. N.S.Nos. 125/2 & 125/3, Sub Division Nos. 125/2A1A1A1 & 125/3A1A1A1, O.S.No.304, Jayalakshmi Nagar Plot No. 17, Nathapattu Village, Cuddalore
Building/Society:Jayalakshmi Nagar
Size:1330 sq.ft
Auction Description
Punjab National Bank is conducting an online SARFAESI auction for a residential plot in Cuddalore, Tamil Nadu. The auction will commence on November 26, 2025, at 10:00 AM and conclude at 04:00 PM on the same day. The reserve price for this auction is ₹33,93,000, with an Earnest Money Deposit (EMD) of ₹3,39,300 required to participate. This is a unique opportunity to acquire a plot in Cuddalore through a transparent auction process.
Borrower Name:Mrs.P.Sudha
Auction Type:SARFAESI Auction
Guarantor Names:Mr.R.Venkatatraman
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Cuddalore presents a calculated opportunity due to its reasonable reserve price and manageable size. The location in Nathapattu Village offers potential for future development. However, prospective buyers should carefully evaluate the auction terms and conduct due diligence.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no: —
