Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614000
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹34,00,000
EMD:₹3,40,000
Bid Increment:₹10,000
Auction Time:10.00 A.M. AND 4.00 P.M.
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 Guduvanchery, Kanchipuram, Tamil Nadu. It is being auctioned by Indian Bank under SARFAESI. The property is situated in a well-developed area, offering convenient access to local amenities and transport links. Ideal for end-users or investors seeking property in the Kanchipuram district.
State:Tamil Nadu
City:Kanchipuram
Area:Guduvanchery
Asset Category:Residential
Full Address:F2, Sriram Nagar, Plot 17, Flat No F2, First Floor, Sriram Nagar Main Road, Guduvanchery, Guduvanchery, Kanchipuram
Building/Society:Sriram Nagar
Size:359 sq. ft.
Auction Description
Indian Bank is conducting an e-auction for a residential flat in Guduvanchery, Kanchipuram, Tamil Nadu, under the SARFAESI Act. The auction will take place on November 24, 2025, from 10:00 AM to 4:00 PM. The reserve price is ₹34,00,000, with an Earnest Money Deposit (EMD) of ₹3,40,000 required to participate. This is a legal auction process to recover dues from the borrower, Mr. Madhavan.
Borrower Name:Mr. Madhavan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. M. Petchiammal
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property presents a reasonable opportunity due to its location in Guduvanchery, a developing area. However, the relatively low reserve price and physical possession status make it a potentially attractive investment, especially for those familiar with the local real estate market.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:044-22672524
