Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613732
Bank Name:IDBI Bank
Branch Name:Regional Office
Reserve Price:₹5,49,000
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 auction features a residential plot located in the established area of Palayamkotta, Thoothukudi, Tamil Nadu. The property is being auctioned by IDBI Bank under the SARFAESI Act. It is an excellent opportunity to acquire land in a developing region. The plot is ideal for residential construction, offering a solid investment for future development. The precise location details and plot dimensions will be available in the detailed auction notice.
State:Tamil Nadu
City:Thoothukudi
Area:Palayamkotta
Asset Category:Residential
Full Address:21, 22, 23, 35, 36, 38, 39, 40 & 41, S.No's. 874/1 and 874/2, Plot No's. 21, 22, 23, 35, 36, 38, 39, 40 & 41, Singathakurichi Village, Muthu Nagar, Srivaikundam Taluk, Murappanadu Sub-Registrar, Palayamkottai Registration District, Singathakurichi Village, Muthu Nagar, Thoothukudi
Size:23.13 Cents
Auction Description
IDBI Bank is conducting a SARFAESI auction for a residential plot in Palayamkotta, Thoothukudi. The auction will commence on November 26, 2025, at 5:00 PM and conclude on the same day at 6:00 PM. The reserve price for this property is ₹5,49,000, with an Earnest Money Deposit (EMD) of ₹54,900 required to participate. This is a direct opportunity to bid on a property from a leading bank.
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 is a plot in a developing area, offering potential for future appreciation. The reserve price is relatively low, but due diligence is needed to assess the market demand. Considering the location and auction terms, it represents a Calculated Opportunity for investors.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
S A Abraham
Contact no:9677747775
