Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609499
Bank Name:Union Bank of India
Branch Name:Regional Office
Reserve Price:₹14,34,000
EMD:₹1,43,400
Bid Increment:₹25,000
Auction Time:12:00 Noon to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:14-11-2025 05:00 PM
Bid Start Date:2025-11-14
Property Description
This is a SARFAESI auction for a residential land parcel located in Velagoundampatti, Namakkal, Tamil Nadu. The property is owned by Mr. Dharmalingam P and is being auctioned by Union Bank of India. This is a prime opportunity to acquire land in a developing area.
State:Tamil Nadu
City:Namakkal
Area:Velagoundampatti
Asset Category:Residential
Full Address:34, Plot No.34, Land in Namakkal Registration District, Velagoundampatti Sub-Registration District, Namakkal Taluk, Thalingai Village, Old S.No.116/2B, Velagoundampatti, Namakkal
Size:1500 Sq.ft.
Auction Description
Union Bank of India presents an e-auction for a residential land property in Velagoundampatti, Namakkal, Tamil Nadu, under the SARFAESI Act. The auction will commence on November 14, 2025, at 12:00 PM and conclude at 5:00 PM on the same day. The reserve price is set at ₹14,34,000, with an Earnest Money Deposit (EMD) of ₹1,43,400 required to participate. This is a limited-time opportunity to bid on this valuable asset.
Borrower Name:Mr. Dharmalingam P
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Giri D
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property represents a calculated opportunity due to its location in Velagoundampatti and its relatively affordable reserve price. As a land plot, its value hinges on development potential. Further due diligence is recommended before bidding.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
