Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611917
Bank Name:Indian Bank
Branch Name:allahabad
Reserve Price:₹51,50,000
EMD:₹5,15,000
Bid Increment:₹50,000
Auction Time:12:00 Noon to 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This is a bank auction of land located in Vannarpalayam, Cuddalore, Tamil Nadu. The property is categorized as residential land and is being auctioned by Indian Bank under SARFAESI norms. This is a valuable opportunity to acquire land in a developing area.
State:Tamil Nadu
City:Cuddalore
Area:Vannarpalayam
Asset Category:Residential
Full Address:Vanniyarpalayam Village, Ward 6, Block-44, Vanniyarpalayam, Cuddalore
Size:3.61 Acres
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land parcel in Vannarpalayam, Cuddalore, Tamil Nadu. The auction will take place on November 19, 2025, from 12:00 PM to 4:00 PM. The reserve price for this auction is ₹51,50,000, with an Earnest Money Deposit (EMD) of ₹5,15,000. This auction pertains to the property of M/s. ABT Nathan chicken food agency.
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 is a sizable land parcel in Cuddalore, offering potential for various development projects. The reserve price seems reasonable, but prospective buyers should carefully assess local market conditions. Symbolic possession adds some risk, but the clear title and auction terms make it a calculated investment opportunity.
Contact Details
Branch:Branch Office : allahabad
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
