Independent/Row House for sale in Tiruchirappalli, Tiruchirappalli, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 10/Jan/2025 10:00 
Assets Code: BOA-EB-70416
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area: None
Builtup Area: NA
Address
DOOR NO.70, BLOCK NO.47, T.S NO.2149 PART, 21
Additional Details
Item No. 1All the piece & parcel of land and building in Tiruchirapalli Registration District, Woraiyur Sub Registration, Trichy Taluk, within the limits of Tiruchirappalli Corporation, Tiruchirapalli Town,Thamalavarubayam Majra, Thiruthanthoni Madhaliyar Street Northern Side, Old Ward No.3,Old Block No.56,Old T.S.No.3690,New Ward No.”B”,Block No.9,New T.S.No.30 in an extent of 4578 ¾ Sqft,out of which on its western side there is a plot of 2289.375 Sq.Ft with a house bearing Old Door No.22,New Door No.25.Boundaries:East by: Akilammal’s house in T.S. No. 3690West by: Kumarasamy Mudhaliyar’s house in T.S.No. 3629North by: Mohamed Sha Sarguru Samiyar’s Thottam in T.S.No. 3685South by: East-West Veedhi in T.S.No. 3703Extent: 2289.375 Sq ft Item No. 2All the piece & parcel of land and building in Tiruchirappalli Registration District, Woraiyur Sub-Registration,Trichy Taluk, within the limits of Tiruchirappalli Corporation,Trichy Town, Thamalavarubayam Majra,Thiruthanthoni Madhaliyar Street Northern Side, Old Ward No.3,Old Block No.56,Old T.S.No.3689,New Ward No.”B”,Block No.9,New T.S.No.29 in which a plot of 4620 ¾ Sq.ft. with a house bearing Old Door No.24.Boundaries:East by: Kollai in Item No.1 which comprises in T.S. No. 3690West by: Chinnaiah Naidu’s house in T.S.No. 3688North by: Mohamed Sha Sarguru Samiyar’s Thottam in T.S.No. 3685South by: Veedhi in T.S. NO. 3703East-West on the North side 24’, on the South side 26’6”North-South East by 185’, West by 181’,Extent- 4620 ¾ sq.ft.
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.
