Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614193
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹38,00,000
EMD:₹3,80,000
Bid Increment:₹50,000
Auction Time:10.30 AM to 11.30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
A residential flat located in Poonamallee taluk, Tiruvallur, Tamil Nadu. This property is being auctioned by Canara Bank under the SARFAESI Act. It offers a great opportunity for homeownership or investment in a developing area.
State:Tamil Nadu
City:Tiruvallur
Area:Poonamallee taluk
Asset Category:Residential
Full Address:SF1, ARK Vigneswara Nagar, Plot-C, ARK Vigneswara Nagar, Flat No. SF1, Second floor in Block-C, Madavilagam Village, Poonamalle Taluk, Thiruvallur District, ARK Vigneswara Nagar, Chennai
Building/Society:ARK Vigneswara Nagar
Size:1400 sq.ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Poonamallee taluk, Tiruvallur, Tamil Nadu. The auction will take place on November 29, 2025, from 10:30 AM to 11:30 AM. The reserve price is ₹38,00,000, with an Earnest Money Deposit (EMD) of ₹3,80,000 required to participate. This is a prime opportunity to acquire a property through a transparent bank auction process.
Borrower Name:Shri. SST Travels
Auction Type:SARFAESI Auction
Guarantor Names:Mr.V.Srinivasan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a developing area of Chennai, offered at a reasonable reserve price. While not a prime investment, it presents a calculated opportunity for buyers seeking affordable housing or investment in a growing locality. The auction terms are standard, and potential buyers should conduct thorough due diligence.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:044-28496339
