Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609412
Bank Name:Indian Overseas Bank
Branch Name:Chennai
Reserve Price:₹26,22,000
EMD:₹2,62,200
Bid Increment:₹50,000
Auction Time:11:00 a.m. and 3.00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-05
Bid Start Date:2025-12-05
Property Description
This is a residential flat located in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The property is being auctioned by Indian Overseas Bank under SARFAESI Act. It presents a great opportunity for homeownership or investment in a growing area.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpattu Taluk
Asset Category:Residential
Full Address:F-3, Flat No.F-3, 1st Floor, Plot No.50, Kamatchi Nagar, No.5, Guduvanchery Village, Chengapattu Taluk, Kancheepuram District, Guduvanchery, Chengalpattu
Size:769 sq ft
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential flat in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The auction will take place on December 5, 2025, between 11:00 AM and 03:00 PM. The reserve price is ₹26,22,000, with an Earnest Money Deposit (EMD) of ₹2,62,200 required to participate. Don't miss this chance to acquire property through a transparent auction process.
Borrower Name:Mr.P.Sreedharan
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Pavel Sankar
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
Located in Guduvanchery, a developing area of Chengalpattu, this flat presents a calculated investment opportunity due to its relatively lower reserve price. While not a prime location, the affordable price point and auction terms may attract potential buyers. Further due diligence on the property's condition and local market trends is advised before bidding.
Contact Details
Branch:Branch Office : Chennai
Service Provider:BAANKNET
Contact Details:
Mr.V R Hemanth Kumar & Mr.Jagadeeshwaran
Contact no:8121533776&7358363464
