Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:614196
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹22,00,000
EMD:₹2,20,000
Bid Increment:₹50,000
Auction Time:10:30 AM to 11:30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:28-11-2025 05:00 PM
Bid Start Date:2025-11-29
Property Description
This is a residential flat located in Poonamallee taluk, Tiruvallur, Tamil Nadu. The property is being auctioned by Canara Bank under SARFAESI rules. The borrower for this asset is Shri. SST Travels. This is an excellent opportunity to acquire a property in a developing area.
State:Tamil Nadu
City:Tiruvallur
Area:Poonamallee taluk
Asset Category:Residential
Full Address:GF1, ARK Vigneswara Nagar, Plot-A, ARK Vigneswara Nagar, Flat No. GF1 in the Ground floor in Block-A, Madavilagam Village, Poonamalle Taluk, Thiruvallur District, ARK Vigneswara Nagar, Poonamallee
Building/Society:ARK Vigneswara Nagar
Size:850 Sq.ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Poonamallee taluk, Tiruvallur, Tamil Nadu. The auction will commence on November 29, 2025, at 10:30 AM and conclude at 11:30 AM on the same day. The reserve price for this property is ₹22,00,000, with an Earnest Money Deposit (EMD) of ₹2,20,000 required to participate.
Borrower Name:Shri. SST Travels
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a developing area, offered at a reasonable reserve price. While the location is not prime, the price point and auction terms present a calculated investment opportunity. Potential buyers should carefully assess the location and property condition.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
