Others for sale in Samalapuram, Tiruppur, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 27/Jan/2025 11:00 
Assets Code: BOA-EB-278786
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
Equitable mortgage of Property situated at Coimbatore registration district.Sulur Sub Registration District. Palladam Taluk Samalapuram village in Old Patta No. 1552,New Patta No.3378, SF No 302/1 (as per new subdivision No 302/1B) in this an extent of land measuring 57 cents
Additional Details
Item :1 Equitable mortgage of Property situated at Coimbatore registration district.Sulur Sub Registration District. Palladam Taluk Samalapuram village in Old Patta No. 1552,New Patta No.3378, SF No 302/1 (as per new subdivision No 302/1B) in this an extent of land measuring 57 centsBoundaries:North of Land in S.F No. 302/3South of poli belonging to SeerakkalEast of RoadWest of poli belonging to SeerakkalItem 2: Equitable mortgage of Property situated at Coimbatore registration district.Sulur Sub Registration District, Palladam Taluk Samalapuram village in in Old Patta No. 1552,New Patta No. 302/1 (as per new subdivision No 302/1B) in this an extent of land measuring 1.5 cents with the following boundariesBoundariesNorth of poliSouth of poli belonging to SeerakkalEast of poli belonging to SeerakkalWest of poli belonging to SeerakkalItem 3: Equitable mortgage of Property situated at Coimbatore registration district Sulur Sub Registration District Palladam Taluk Samalapuram village in Old Patta No. 1552,New Patta No.3378, SF No 302/1 (as per new subdivision No 302/1B) in this an extent of land measuring 15 cents with the following houndaries BoundariesNorth of Land of SF No 302/3South of poli belonging to SeerakkalEast of poli West of poli belonging to Seerakkal
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Seller’s Reserve Price
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Earnest Money Deposit (EMD)
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Possession Status
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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.
