Apartments/Flat for sale in Neyveli, Cuddalore, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 28/Jan/2025 10:00 
Assets Code: BOA-EB-278277
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
FLAT NO 16 NORTH UNIT 1ST FLOOR SRINIVASA AVENUE IIVADAKUTHU607801
Additional Details
All Part and parcel of the property In Cuddalore Registration District,Vadalur Sub- Registry Within the Jurisdiction of Kurinjipadi Union Limit Vadakuthu Village.New Survey No.19/1,19/4,19/2A,19/2B IN Old Survey No.523 Srinivasa Avenue – II Plot Nos.51,52,53,60,61,62,63 Now New Survey No.19/1B,19/2B,19/4B Patta No.19641.Schedule of Property – “A” (Whole Property)Boundaries of Plot Nos.51,52,53,60,61,62East by: Plot No.50 & 63 West by : 30ft RoadNorth by : 23ft RoadSouth by: 23ft RoadBoundaries of Plot No.63East by: Plot No.64 West by : Plot No.62North by : 23ft RoadSouth by: Plot No.502.Schedule of Property – “B” (UDS Property) Measurement of Plot Nos.51,52,53,60,61,62. East to West 90 feet,North to South 120 feet (10800 sq.ft) and measurement of Plot No.63 East to West 30 feet, North to south 60 feet (1800 Sq.ft) Total Extent 12600 Sq.ft.Block –A G.F UDS – 866 Sq.ft F.UDS – 944.80 Sq.ftBlock – B,C,D G.F UDS -710.01 Sq.ft F.UDS – 786.39 Sq.ftNOTE : ( 645 Sq.ft + Remaining area car parking ) Schedule – “C” Flat Rose Garden in 1st floor Block – D4 measuring to 978 sq.ft Super Plinth area ( inclusive of common area & common shares ) in the scheme known as “ROSE GARDEN” .Block –D.1st Floor UDS 786.39 Sq.ft (645 Sq.ft+ Remaining Area car parking)Property of the Title Holder name is Mr.Subramani D S/O Dhandapani
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.
