Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613729
Bank Name:IDBI Bank
Branch Name:Regional Office
Reserve Price:₹6,83,000
EMD:₹68,300
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 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 area. The plot is suitable for residential construction and offers a good investment potential.
State:Tamil Nadu
City:Thoothukudi
Area:Palayamkotta
Asset Category:Residential
Full Address:3, 4, 8, 9, 12, 15, 16, 19 & 20, S.No. 874/1, Plot No's. 3, 4, 8, 9, 12, 15, 16, 19 & 20, Singathakurichi Village, Muthu Nagar, Srivaikundam Taluk, Murappanadu Sub-Registrar, Palayamkottai Registration District, Thoothukudi District of Tamil Nadu, Singathakurichi Village, Muthu Nagar, Thoothukudi
Size:28.76 Cents
Auction Description
IDBI Bank is conducting a SARFAESI auction for a residential plot in Palayamkotta, Thoothukudi, Tamil Nadu. The auction has a reserve price of ₹6,83,000 and an EMD of ₹68,300. The auction will take place on November 26, 2025, from 5:00 PM to 6:00 PM. This is a direct sale by the bank, offering a transparent and secure transaction process for interested buyers.
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 plot's location in Thoothukudi offers potential for future appreciation, but the auction terms and the borrower's situation necessitate careful evaluation. The reserve price seems reasonable, and it is a good opportunity for investment. More evaluation of the location is needed to make it a strong buy.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
S A Abraham
Contact no:9677747775
