Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612739
Bank Name:UCO Bank
Branch Name:Regional office
Reserve Price:₹1,57,00,000
EMD:₹15,70,000
Bid Increment:₹50,000
Auction Time:01:00 P.M. to 05:00 P.M.
Service Provider:ebkray
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
Prime land and building located in the well-connected area of Madhavaram, Chennai, Tamil Nadu. This residential asset offers excellent potential for development or personal use. Situated in a growing urban locality, the property benefits from its strategic location within the city. Ideal for investors seeking a valuable real estate opportunity in a sought-after region of South India.
State:Tamil Nadu
City:Chennai
Area:Madhavaram
Asset Category:Residential
Full Address:Flat No. 3, Layout called house sites for MYSORE BANK LIG STAFF, Door No. 37/3, Flat No.3, First Floor, Parangusapuram Street, Kodambakkam, Kodambakkam, Chennai
Building/Society:Layout called house sites for MYSORE BANK LIG STAFF
Size:1480 Sq.ft.
Auction Description
UCO Bank presents a SARFAESI auction for a valuable land and building property in Madhavaram, Chennai. The auction features a competitive reserve price of ₹1,57,00,000 and requires an EMD of ₹15,70,000. Bidding opens on December 10, 2025, at 01:00 PM and concludes at 05:00 PM on the same day. This is a unique opportunity to acquire a significant asset through a transparent online auction process. Don't miss this chance to own a property in a prime Chennai location.
Borrower Name:M/s. Quadsel Systems Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Girish Madhavan, Mrs. Reshma Girish, Mrs. Dhanamani Madhavan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a decent location in Chennai. The reserve price seems reasonable, but potential buyers should conduct thorough due diligence and inspection before bidding. The auction terms are standard, making it a calculated opportunity for those familiar with the area.
Contact Details
Branch:Branch Office : Regional office
Service Provider:ebkray
Contact Details:
Mr.Justin Selvaraj S
Contact no:9147403242
