Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610437
Bank Name:Indian Overseas Bank
Branch Name:Mamsapuram
Reserve Price:₹3,60,000
EMD:₹36,000
Auction Time:10:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:16-12-2025 05:00 PM
Bid Start Date:2025-11-17
Property Description
Prime residential plot located in Madurai, Tamil Nadu, offered by Indian Overseas Bank. This is a valuable opportunity to acquire land in a well-established area, suitable for residential development. The property is situated in Madurai city, offering convenience and accessibility.
State:Tamil Nadu
City:Madurai
Area:Madurai
Asset Category:Residential
Full Address:59, Plot No.59,S.No. 137 /1-Part, Soorakulam Village, Gokul Nagar, Soorakulam Group, Sivangangai Taluk, Soorakulam, Madurai
Size:2200 Sq ft
Auction Description
Indian Overseas Bank presents a SARFAESI auction for a residential plot in Madurai, Tamil Nadu. The auction starts on December 17, 2025, at 10:00 AM and concludes at 4:00 PM on the same day. The reserve price is INR 360,000, with an EMD of INR 36,000. Don't miss this chance to bid on this promising property.
Borrower Name:Mr K Chidambaram
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil as per Bank's Knowledge
Why This Property
The plot in Soorakulam, Madurai, presents a calculated opportunity given its size and location. While the reserve price seems reasonable, further due diligence is recommended. The auction terms are standard, and the symbolic possession status should be carefully considered.
Contact Details
Branch:Branch Office : Mamsapuram
Service Provider:BAANKNET
Contact Details:
Contact no: —
