Office Space for sale in Karur, Karur, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 22/Jan/2025 11:00 
Assets Code: BOA-EB-75476
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area: None
Builtup Area: NA
Address
Item No.1All that piece and parcel of vacant land and industrial building with buildup area 55326 sq.ft. (Building plan approval is not available) belonging to P. Anandhi (Doc. No. 115/2007 dt 03.01.2007 and Doc. No. 2412/2014 dt 30/12/2013, SRO, Karur West) at Karur RD, West Karur SRD, Karur Taluk, Thalapatti Village, S.F.No.349/2 Ac.3.14 S.F.No.349/3 Ac.2.99 In this, an extent of Ac.2.50 with mamool pathway rights etc. Item No.2All that piece and parcel of vacant land and industrial building with buildup area 55326 sq.ft. (Building plan approval is not available) belonging to V. A, Paneerselvam (Doc No. 7820/2012 dated 28/11/2012, SRO, Karur West) at Karur R.D., West Karur S.R.D., Aravakurichi Taluk, Thalapatti Village, S.F.No.349/1 Ac.2.22 S.F.No.349/2 Ac.3.14 Total Ac.5.36In this, an extent of Hec.0.67.2 Ac.1.63 as per Patta No. 1348.The said extent of Ac.1.63 with mamool pathway rights etc. Present Sub-Division Nos.349/2B and 349/3B.
Additional Details
Item No.1All that piece and parcel of vacant land and industrial building with buildup area 55326 sq.ft. (The building plan approval is not available) belonging to P. Anandhi (Document No. 115/2007 dated 03.01.2007 and Document No. 2412/2014 dated 30/12/2013, SRO, Karur West) at Karur Registration District, West Karur Sub Registration District, Karur Taluk, Thalapatti Village, S.F.No.349/2 Hec. 1.27.0 Ac.3.14 S.F.No.349/3 Hec. 1.21.0 Ac.2.99 Total Hec. 2.48.0 Ac.6.13 In this, an extent of Ac.2.50 within the following four boundaries: North of : east-west panchayat road; West of : the land of Bommuraj in S.F.No.349/4; South of : the land of Kamalam in S.F.Nos.349/2Part; and East of : the land of Kamalam in S.F.Nos.349/2Part and 349/3Part. The said extent of Ac.2.50 with mamool pathway rights etc. Item No.2All that piece and parcel of vacant land and industrial building with buildup area 55326 sq.ft. (The building plan approval is not available) belonging to V. A, Paneerselvam (Document No. 7820/2012 dated 28/11/2012, SRO, Karur West) at Karur R.D., West Karur S.R.D., Aravakurichi Taluk, Thalapatti Village, S.F.No.349/1 Hec.0.90.0 Ac.2.22 S.F.No.349/2 Hec.1.27.0 Ac.3.14 Total Hec.2.17.0 Ac.5.36In this, an extent of Hec.0.67.2 Ac.1.63 as per Patta No. 1348 within the following four boundaries: West of : the land of Rama Naicker in S.F.No.349/4; East of : the land of P.Gnanasekar; South of : the land of P.Gnanasekar; and North of : the land of Anandi and S.S.Sumathi. The said extent of Ac.1.63 with mampol pathway rights etc. Present Sub-Division Nos.349/2B and 349/3B.
The Buying Process
How to buy properties from banks? We're here to guide you through the process, making your
property acquisition journey seamless and hassle-free.
Insights
Seller’s Reserve Price
The reserve price set by the seller for a property auction excludes all property-related dues like taxes, utilities, maintenance, and industrial authority fees.
Earnest Money Deposit (EMD)
The earnest money deposit (EMD) is the minimum amount paid by the buyer to the seller institution to confirm participation in the auction. If the bidder is unsuccessful, the EMD is refundable. However, it will be forfeited in the event of non-payment after winning the auction.
Did you know?
Loan Availability
We recognize the difficulties of securing a loan for auction properties. That's why BankofStressedAssets.com has teamed up with handpicked banks that specialize in providing loans for such properties. With our streamlined loan process, you can confidently explore financing options and make purchasing property more accessible.
Request a Visit of the Property
Indicate your interest in a property by requesting a visit through BankofStressedAssets.com. Simply click on "I am interested," and we'll liaise with the authorized bank officer to schedule a convenient property tour. This enables you to personally inspect the property and make an informed decision.
Possession Status
BankofStressedAssets.com offers details regarding the possession status of properties. Physical possession indicates that the property is secured, with the seller institution holding the keys. Symbolic possession means the seller institution possesses legal rights, yet physical possession remains pending. Understanding the possession status provides insight into the property's present condition.
SARFAESI Act
The SARFAESI Act, an abbreviation for the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, is legislation implemented in India to empower banks and financial institutions in efficiently recovering their non-performing assets (NPAs). This act grants banks the authority to seize and sell properties of defaulting borrowers without court intervention, providing a legal framework for the swift resolution of distressed assets. By enabling banks to enforce their security interests effectively, the SARFAESI Act significantly aids in loan recovery and upholds financial system stability. Access the Act here.
