Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610399
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹53,90,000
EMD:₹5,39,000
Bid Increment:₹10,000
Auction Time:10.00 am to 4.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This auction features a residential plot located in Veerasikamani, Tenkasi, Tamil Nadu. The property is part of a SARFAESI auction conducted by Indian Bank. This is a great opportunity to acquire land in a developing area. Ideal for residential development or investment purposes.
State:Tamil Nadu
City:Tenkasi
Area:Veerasikamani
Asset Category:Residential
Full Address:10/278, Door No. 10/278, Sernthmangalam village, Kadayanallur Taluk, Tenkasi District, Tamil Nadu, Sernthamangalam village, Tenkasi
Size:1725.00 Sqft
Auction Description
Indian Bank presents a SARFAESI auction for a residential plot in Veerasikamani, Tenkasi. The auction has a reserve price of INR 53,90,000 and requires an EMD of INR 5,39,000. Bidding opens on November 19, 2025, at 10:00 AM and closes at 4:00 PM on the same day. This is a direct opportunity to purchase a plot previously owned by Mr. S. D. Chairman.
Borrower Name:Mr.S. D. Chairman
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Kalaiselvi
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property, a residential plot with a house in Veerasikamani, presents a reasonable investment opportunity. The location in Tenkasi and the reserve price of ₹5390000 warrant consideration, although further due diligence is advised due to the auction terms.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
