Others for sale in Coimbatore, Coimbatore, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 23/Dec/2024 11:00 
Assets Code: BOA-EB-29630
Ownership Type: Freehold 
Status of Possession: Physical
Carpet Area: None
Builtup Area: NA
Address
SF No.240A/2G, 240A/2F & 240A/2N of Kurichi Village, Coimbatore Registration District, Joint-I Coimbatore Sub Registration, Madukkarai Taluk.
Additional Details
Coimbatore Registration District, Joint-I Coimbatore Sub Registration, Madukkarai Taluk, Kurichi village in SF No:240A/2. In this, an extent of 1.40 acres and in SF No: 238/A1, in this, an extent of 1.32 acres. In this, an extent of 0.68 acre belonged to Kannan @ Balasubramaniam under Schedule ‘C’ of partition deed registered as Doc No.3173/1975, In this, North of-Sarada Mill RoadSouth of-Palanisamy Gounder layoutEast of - Kumaragiri propertyWest of -Alagiri Chettiar propertyAdmeasuring,East-west on the north -68 ftEast –west on the south-54 ftNorth- south on the east-110 ftNorth –south on the west-136 ftWithin this, an extent of land mentioned as per Document No.615/2008 of Coimbatore SRO dated 11.02.2008 is 7503 sq.ft or 17 cents and 98 sq ft of vacant land together with mamool rights, whereas, the actual available extent is 6838 sq.ft. or 15.70 cents. The said property is comprised in SF No.240A/2G, 240A/2F & 240A/2N of Kurichi Village within the limits of Coimbatore Corporation. The property belongs to Mr.Anil Madhan Balan S/o Balasubramaniam.
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.
