Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:614016
Bank Name:Indian Bank
Branch Name:Regional office
Reserve Price:₹55,40,000
EMD:₹5,54,000
Bid Increment:₹10,000
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
This is a residential flat located in Chennai, Tamil Nadu, being auctioned by Indian Bank under SARFAESI. The property is offered with a reserve price of INR 5,540,000.0 and requires an Earnest Money Deposit (EMD) of INR 554,000.0. This presents an opportunity to acquire a flat in Chennai.
State:Tamil Nadu
City:Chennai
Area:chennai
Asset Category:Residential
Full Address:A4, Sri Balaji Apartments, Plot No.A4, Survey No.85/1, Old Patta No.4042, New Patta No. 9315, New Survey No.85/1A1B, Old village No.99, 87, New Village No. 1, Anakaputhur Village, Gurusamy Nagar Main Road, Pallavaram Taluk, Chengalpattu District, Anakaputhur, Chennai
Building/Society:Sri Balaji Apartments
Size:1450 sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in Chennai, Tamil Nadu. The auction will take place on November 24, 2025, starting at 10:00 AM and concluding at 04:00 PM on the same day. Prospective bidders must submit an EMD of INR 554,000.0. The reserve price for this auction is set at INR 5,540,000.0. This auction is for the property of MR. C Saji.
Borrower Name:MR. C Saji
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Sathappan N
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property, a residential flat in Anakaputhur, Chennai, presents a good investment opportunity due to its location and reasonable reserve price. The physical possession adds value, and the auction terms are standard, making it a relatively secure investment.
Contact Details
Branch:Branch Office : Regional office
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
