Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613731
Bank Name:IDBI Bank
Branch Name:Regional Office
Reserve Price:₹8,03,000
EMD:₹80,300
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 prime plot of land located in the well-established area of Palayamkotta, Thoothukudi, Tamil Nadu. Ideal for residential development, this asset offers a strategic location within a developing region. The property is being auctioned by IDBI Bank under the SARFAESI Act. This is a unique opportunity to acquire a valuable plot in a sought-after area.
State:Tamil Nadu
City:Thoothukudi
Area:Palayamkotta
Asset Category:Residential
Full Address:53, 54, 55, 56, 59, 60, 61, 62, 63, 64, 65 & 66, S.No. 874/2, Plot No's. 53, 54, 55, 56, 59, 60, 61, 62, 63, 64, 65 & 66, Singathakurichi Village, Muthu Nagar, Srivaikundam Taluk, Murappanadu Sub-Registrar, Singathakurichi Village, Muthu Nagar, Thoothukudi
Size:33.70 Cents
Auction Description
IDBI Bank presents a SARFAESI auction for a residential plot in Palayamkotta, Thoothukudi, Tamil Nadu. The auction will commence on November 26, 2025, at 05:00 PM and conclude on the same day at 06:00 PM. The reserve price for this auction is ₹8,03,000, with an Earnest Money Deposit (EMD) of ₹80,300 required. This auction presents a significant opportunity to invest in real estate in the Thoothukudi region. Don't miss this chance to bid on this valuable asset.
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
This plot in Thoothukudi presents a calculated opportunity due to its reasonable reserve price and potential for development. While not a prime investment, its location and size offer value. The auction terms are standard, and further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Shri S A Abraham
Contact no:9677747775
