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Commercial in Namakkal

Namakkal

Reserve price
₹2.29 Cr
Auction date
17 Mar 2026
1:00 PM
EMD deadline
16 Mar 2026
5:00 PM
Bid increment
₹25,000.00

Location details

Property Address
Dno.50/2/204A2,40/1/205D1,50/204A,50/1/204A1 Adjacent to Rangar Sannathi Temple Adivaram, Namakkal
City: Namakkal
District: Namakkal
State: Tamil Nadu
Pin Code: 637001
Country: India

Auction timeline

Auction starts
17 Mar 2026 at 1:00 PM
Auction ends
17 Mar 2026 at 5:00 PM
EMD submission deadline
16 Mar 2026 at 5:00 PM

EMD must be submitted before this time to be eligible to bid.

Property overview

Type
Commercial
Sub Type
Shops
Possession Status
Symbolic
Type of Action
Under SARFAESI
Asset Type
Immovable
Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Property Price
₹2.29 Cr
Property Identifiers
Bank Property ID
MAHBVENKATESHWARA
CERSAI ID
20009503392

Property Images

Borrower & Loan details

Borrower Name
VENKATESHWARA TRADERS
Registered Address of Borrower
1.Sri Venkateshwara Traders Proprietor SA Kanagaraj 18/1-34/A3A, Thiru Nagar Mohanur Road, Namakkal 637001 2.M/s. Sri Vrithika Traders Proprietor SK Senthil Kumar S/o Kanagaraj No18/1-34/A3A, Thirunagar, Mohanur Road,Namakkal-637114 3.Sri Kamadhenu Enterprises Proprietor D Vinodhini W/o Senthil Kumar,No.3/29 Bharathy Nagar, Idaiyapatti, Salem-636114
Owner
SA KANAGARAJ & K PARAMESHWARI
Ownership of Property
Borrower & Guarantor
NPA Amount
₹3.19 Cr
NPA Date
07 Jul 2025
Ownership Type
Freehold
Title Deed
Registered Sale Deed
Asset Type
Immovable
Customer ID
40273654839
Demand Notice
Notice Date
30 Jul 2025
Notice Amount
₹3.19 Cr
Asset Classification
Classification Date
10 Jul 2025
Classification ID
2
Possession Dates
Symbolic
08 Dec 2025

Additional details

Description
All that piece and parcel of land together with the superstructure constructed thereon and to be constructed in future there at and situated in Namakkal Registration District, Namakkal Joint-I sub-registration district, Namakkal Town Main Road (Salem to Trichy main road), S.No.535/4 corresponding to Town Survey Ward-C, Block-5 T.S.No.170. In these the land of 1527 Sq.ft bounded by the following boundaries. East of Ranganathar Kovil land & Adivaram South of Palaniyandi gounder house West of Seethammal house North of east west road goes Ranganathaswamy kovil Within the above boundaries the land measuring east west on both sides 35 ½ ft north south on both sides 43ft totaling 1527 Sq.ft. And a RCC terraced building in it, door Nos.50/204A, 50/1/204A1, 50/2/204A2 & 40/1/205D1, water connection Nos. 051/016/900545, 051/016/900829, 051/016/900871 & 051/016/900831, electric connection Nos. 04-201-004-396, 04-201-004-560, 04-201-004-561, 04-201-004-812, 04-201-004-832, 04-201-004-836, 04-201-004-837 & 04-201-004-865. And all path way and other rights shown in the deed, prior deeds and all easement rights.

EMD Schedule

EMD Start
21 Feb 2026
7:45 PM
EMD Deadline
16 Mar 2026
5:00 PM
Payment Deadline
16 Mar 2026

Inspection Schedule

Inspection Start
23 Feb 2026
11:00 AM
Inspection End
16 Mar 2026
5:00 PM

Officer Details

Authorized Officer
Raju R
Chief Manager

Auction Rules

Type of Action
Under SARFAESI
Bid Increment
₹25,000.00
Extension Increment
₹25,000.00
Auto Extension
Enabled
Extension Trigger
Last 5 minutes
Extension Duration
5 minutes
First Bid Acceptance
Yes

Ownership & Legal

Ownership Type
Freehold
Title Deed Type
Registered Sale Deed
Asset Type
Immovable
CERSAI ID
20009503392
Property ID
MAHBVENKATESHWARA
Bank of Maharashtra logo
Bank of Maharashtra
Verified seller
Branch: NAMAKKAL
IFSC: MAHB

Bank contact

+91 96006 60557
Branch Address
114-B,PARAMATHI RD,NAMAKKAL,TEH.NAMAKKAL,637002NAMAKKAL,637002
Branch IFSC
MAHB0001184
Department
NAMAKKAL