Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610557
Bank Name:Indian Bank
Branch Name:Regional office
Reserve Price:₹16,00,000
EMD:₹1,60,000
Bid Increment:₹10,000
Auction Time:10.00 am to 4.0 pm
Service Provider:BAANKNET
Important Dates
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This is a prime plot of land located in the well-developed Kovilpatti Town, Palayamkottai, Tamil Nadu. Ideal for residential development, this asset offers a significant opportunity for investors or individuals looking to build their dream home in a desirable location. The property is being auctioned by Indian Bank.
State:Tamil Nadu
City:Palayamkottai
Area:Kovilpatti Town
Asset Category:Residential
Full Address:67, Thirumal nagar, Plot No 67, Survey No. 2 Pt, Thirumal nagar, 4 way track west, Manthithoppu Village, Kovilpatti Taluk, Kovilpatti Sub Registration, Palayamkottal Registration distirct., Thirumal nagar, Kovilpatti
Building/Society:Thirumal nagar
Size:2400 sqaure feet
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Kovilpatti Town, Palayamkottai, Tamil Nadu. The auction will commence on November 19, 2025, at 10:00 AM and conclude at 4:00 PM on the same day. The reserve price for this asset is INR 16,00,000, with an Earnest Money Deposit (EMD) of INR 1,60,000. This is a fantastic opportunity to acquire a valuable property in a growing region.
Borrower Name:M/s SHRIE JANANI SCANS
Auction Type:SARFAESI Auction
Guarantor Names:Dr. T SELVA MAHESH, Mr. T SOLAI SELVAN, Smt. M RAJALAKSHMI
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The plot's location in Kovilpatti presents a moderate investment opportunity. The reserve price seems reasonable considering the size, but potential investors should carefully assess local market conditions. The symbolic possession and auction terms warrant a calculated approach.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no: —
