Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611913
Bank Name:Indian Bank
Branch Name:allahabad
Reserve Price:₹19,20,000
EMD:₹1,92,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 5:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This is a SARFAESI auction of residential land located in Vanur Taluk, Tindivanam, Tamil Nadu. The property is associated with borrower Mr. Kaviarasu and is being auctioned by Indian Bank. This is a prime opportunity to acquire land in a developing area.
State:Tamil Nadu
City:Tindivanam
Area:Vanur Taluk
Asset Category:Residential
Full Address:Semangalam-Revenue-Village, situated under Patta no 54, (Ayan Punjai) New survey No 116/6, Old Survey No: 299/8, Semangalam, Tindivanam
Size:1417.69 sqm
Auction Description
Indian Bank presents a SARFAESI auction for a residential land parcel in Vanur Taluk, Tindivanam, Tamil Nadu. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 5:00 PM on the same day. The reserve price is ₹19,20,000, with an Earnest Money Deposit (EMD) of ₹1,92,000 required to participate.
Borrower Name:Mr. Kaviarasu
Auction Type:SARFAESI Auction
Guarantor Names:Mr. R. Rajendiren
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property is a residential land in a developing taluk, offering potential for future appreciation. The reserve price is reasonable, but further due diligence is needed to assess the local market conditions. This represents a calculated opportunity for investors seeking land in the Tindivanam area.
Contact Details
Branch:Branch Office : allahabad
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
