Land Auction in Ellandaikuttai | Indian Overseas Bank Auction

Property details

Property Type

Land

Description

Loan A/c: — | Demand Notice: — | Outstanding: — | Possession Date: — | Bid Increment: 200000 | EMD Last Date: 08-10-2026 22:00 | Inspection: 18-09-2026 10:00 to 08-10-2026 18:00 | Platform: https://baanknet.com/auction-detail/362145/d486aa2cc3380ee60d74cf982b12b17a075d8e3b | Encumbrance/Litigation: — (notice review pending)

Area

18041 sqfeet

Possession

symbolic

Locality

Ellandaikuttai

Full Address

Vacant land with extent of 18041 Sq. Ft. at Pymash No. 187 (Pacharsanthar Boomi), Door No.4, 447/1, 4, 447/2 to 5, SF No. 168/3, R S No. 168/3B2, Ward No.2, Kumaran Nagar, Opposite to Jayalakshmi Theatre, Pallipalayam to Kumarapalayam Main Road, Kumarapalayam Taluk, Namakkal-638008, in the name of Mr. M P Sakthivel, S/o Mr. K M Panneerselvam and Mrs. R Subha, W/o Mr. K M Panneerselvam. Item:1: Property belongs to Mr. M P Sakthivel An extent of 8485 Sq. FT. of land situate within the following boundaries: North of: 30 Links width east-west cart track East of : Property belongs to Mrs. R Subha South of: Orakuli Kadu West of : Property belongs to Mrs. P Rajamani Measuring East west on the North side 67’8’’ East west on the South side 70’6’’ North south on the east side 115’ North south on the west side 130’6’’ Item:2: Property belongs to Mrs. R Subha An extent of 9556 Sq. FT. of land situate within the following boundaries: North of: 30 Links width east-west cart track East of : Mrs. Rajamani property South of: Orakuli Kadu West of : Property belongs to Mr. M P Sakthivel Measuring East west on the North side 67’8’’ East west on the South side 70’6’’ North south on the east side 130’6 North south on the west side 146’ The item No. 1 & 2 property totally to the extent of 18041 Sq. Ft. with entire super structures therein with accessories situated within ward no. 4 of Pallipalayam Agraharam Village Panchayat bearing Door No.4-447, 4-447/2, 3, 4, 5, 6, 7 & 8.

Pincode

638008

Bank & auction terms

Auction ID

AX-07LSAB2

Bank / Authority

Indian Overseas Bank

Reserve Price

₹ 2,45,47,000

EMD Amount

₹ 24,54,700

Auction Date

09 Oct 2026

Auction Time

10:30

Borrower Name

Rakshitha Textiles

Bank Contact Details

Mukesh Kumar, 7890715331

Auction documents

• Sale noticesale noticeDownload