Property Type:
Location:
Auction Date: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
