Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613728
Bank Name:IDBI Bank
Branch Name:Regional Office
Reserve Price:₹5,48,000
EMD:₹55,000
Auction Time:05:00 PM to 06:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This is a residential plot located in the well-developed area of Palayamkotta, Thoothukudi, Tamil Nadu. The property is being auctioned by IDBI Bank as part of a SARFAESI action. It presents a valuable opportunity for individuals or developers looking to acquire land in a sought-after region.
State:Tamil Nadu
City:Thoothukudi
Area:Palayamkotta
Asset Category:Residential
Full Address:42, 43, 44, 45, 48, 49, 50, 51 & 52, S.No. 874/2, Plot No. 42, 43, 44, 45, 48, 49, 50, 51 & 52, M Singathakurichi Village, Muthu Nagar, Singathakurichi Village, Muthu Nagar, Thoothukudi
Size:23.06 Cents
Auction Description
IDBI Bank is conducting an e-auction for a residential plot in Palayamkotta, Thoothukudi, Tamil Nadu, under SARFAESI Act. The auction will be held on November 26, 2025, from 5:00 PM to 6:00 PM. The reserve price for this property is ₹5,48,000, with an Earnest Money Deposit (EMD) of ₹54,800. This is a prime opportunity to purchase a plot through a transparent auction process.
Borrower Name:M/s. Jerry Home Appliances
Auction Type:SARFAESI Auction
Guarantor Names:Smt. D. Jerry, Shri C. Davidson
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity due to its location in Thoothukudi and the relatively lower reserve price. While the plot's size is decent, further due diligence is recommended to understand local market dynamics and potential for appreciation. The auction terms seem standard, allowing for informed bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
S A Abraham
Contact no:9677747775
