Plot for auction Palayamkottai Tirunelveli 1 Cr City Union Bank

Property for Auction in Palayamkottai, Tirunelveli, Tamil Nadu

Recommendation
Calculated OpportunityScore: 6.8
Possession
Symbolic
Size
2100 sq. fts.
Reserve Price
1,10,00,000
Reserve Price
1,10,00,000
EMD Required
11,00,000
Property Specifications
Society/BuildingJeyanthipuram
Size2100 sq. fts.
Unit No.Plot No.47 Site
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Plot
Location IconLocation:
Palayamkottai, Tirunelveli
Auction Date IconAuction Date:
26-11-2025 01:00 PM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:614130

Bank Name:City Union Bank

Branch Name:Credit Recovery and Management Department

Reserve Price:1,10,00,000

EMD:11,00,000

Auction Time:01.00 p.m.

Service Provider:Public Auction

Important Dates

Submission Date:26-11-2025 12:00 PM

Bid Start Date:2025-11-26

Property Description

This auction features a valuable plot of land located in the prominent area of Palayamkottai, Tirunelveli, Tamil Nadu. The property is being auctioned by City Union Bank under SARFAESI proceedings. Ideal for development or investment, this residential plot offers a significant opportunity in a sought-after location.

State:Tamil Nadu

City:Tirunelveli

Area:Palayamkottai

Asset Category:Residential

Full Address:Plot No.47 Site, Jeyanthipuram, Vijayaragavanudaliarchatram Village, Punja land bearing Survey No. 192/3, Palayamkottai, Tirunelveli

Building/Society:Jeyanthipuram

Size:2100 sq. fts.

Auction Description

City Union Bank is conducting an online SARFAESI auction for a residential plot in Palayamkottai, Tirunelveli. The auction will take place on November 26, 2025, starting at 01:00 PM and concluding at 02:00 PM. The reserve price for this plot is ₹1,10,00,000, with an Earnest Money Deposit (EMD) of ₹11,00,000 required to participate. This is a prime opportunity to acquire a property in a developing region.

Borrower Name:M/s. Venus Ceramics

Auction Type:SARFAESI Auction

Guarantor Names:Mr. P.Selvakumar, Mrs. Rajeswari

Legal Details

Possession Status:Symbolic

Encumbrance Details:Not Known to Bank

Why This Property

The plot's location in Palayamkottai, a developing area, suggests moderate investment potential. The reserve price is reasonable, and the auction terms are standard, making it a calculated opportunity for those familiar with the local market. Potential investors should investigate local development plans before bidding.

Contact Details

Branch:Branch Office : Credit Recovery and Management Department

Service Provider:Public Auction

Contact Details:

Contact no:04622-337349

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