Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611920
Bank Name:Indian Bank
Branch Name:allahabad
Reserve Price:₹60,00,000
EMD:₹6,00,000
Bid Increment:₹50,000
Auction Time:12:00 Noon to 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a residential plot located in the Vannarpalayam area of Cuddalore, Tamil Nadu. The property is being auctioned by Indian Bank as part of a SARFAESI action. It offers a prime location within the city, suitable for residential development.
State:Tamil Nadu
City:Cuddalore
Area:Vannarpalayam
Asset Category:Residential
Full Address:Vanniyarpalayam Village, Ward 6, Block-44, Item No.02: 1. Town survey No. 1457, out of Acre 0.59 cents, in this Acre 0.09. Its Sub division town Survey No. 1457/2. 2. Town Survey No. 1458, Acre 0.18 cents, in Southern side Acre 0.03 cents., Vannarpalayam, Cuddalore
Size:6070 Sq.mtr
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Vannarpalayam, Cuddalore, Tamil Nadu. The auction will take place on November 19, 2025, from 12:00 PM to 04:00 PM. The reserve price is set at INR 60,00,000, with an Earnest Money Deposit (EMD) of INR 6,00,000 required. This is a valuable opportunity to acquire a property in a developing area.
Borrower Name:M/s. ABT Nathan chicken food agency
Auction Type:SARFAESI Auction
Guarantor Names:Mr. A.B.Tharmaraj, Mr. Balraj, Mrs. Rathinakumari, Mrs.Kalaivani
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property represents a reasonable opportunity due to its location in Cuddalore and the size of the plot. The reserve price is relatively high, requiring careful consideration of the market value and potential return on investment. Symbolic possession suggests potential complexities, warranting due diligence.
Contact Details
Branch:Branch Office : allahabad
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
