Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611954
Bank Name:Punjab National Bank
Branch Name:ARMB
Reserve Price:₹46,80,000
EMD:₹4,68,000
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:04-12-2025 05:00 PM
Bid Start Date:2025-12-05
Property Description
This auction features a valuable land and building asset located in Chengalpet Taluk, Kanchipuram, Tamil Nadu. The property is categorized as residential and is being auctioned by Punjab National Bank under the SARFAESI Act. It represents a significant opportunity for investors and homebuyers in the region.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpet Taluk
Asset Category:Residential
Full Address:S1, Arul Nagar, Plot no 160, Flat no S1, 2nd Floor, Vasantham Street, Arul nagar, Guduvancheri, Guduvancheri, Chengalpet
Building/Society:Arul Nagar
Size:1800 Sft
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential land and building property in Chengalpet Taluk, Kanchipuram, Tamil Nadu. The auction will commence on December 5, 2025, at 11:00 AM and conclude at 4:00 PM on the same day. The reserve price is set at ₹46,80,000, with an Earnest Money Deposit (EMD) of ₹4,68,000 required to participate.
Borrower Name:Mahendiran.K
Auction Type:SARFAESI Auction
Guarantor Names:Bhaskar Arumugam, Mahendiran K, Mahendiran K
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The flat in Guduvancheri presents a calculated opportunity, given its location and size. The reserve price appears reasonable, but potential investors should conduct thorough due diligence. This is an bank auction property.
Contact Details
Branch:Branch Office : ARMB
Service Provider:BAANKNET
Contact Details:
Contact no: —
