Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610071
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹22,50,000
EMD:₹2,25,000
Bid Increment:₹10,000
Auction Time:10.00 A.M. AND 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
A residential flat located in Kosapet, Chennai, Tamil Nadu. This property is part of a SARFAESI auction conducted by Indian Bank. Ideal for individuals or families looking for a home in a well-established area of Chennai. The property offers a great opportunity for real estate investment with a competitive reserve price.
State:Tamil Nadu
City:Chennai
Area:Kosapet
Asset Category:Residential
Full Address:F1, Old No.8, New No. 15, Vinaitheertha Vinayagar Koil Street, Kosapet, Chennai-600 012, Kosapet, Chennai
Size:500 Sq. ft.
Auction Description
Indian Bank presents a SARFAESI auction for a residential flat in Kosapet, Chennai. The auction will take place on November 19, 2025, with bidding open from 10:00 AM to 04:00 PM. The reserve price is set at ₹22,50,000, and the EMD required is ₹2,25,000. Don't miss this chance to acquire a property in Tamil Nadu through a transparent bank auction process.
Borrower Name:Mr K Sivakumar
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. S. Jayanthi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is a modestly sized flat in a well-connected area of Chennai, offered at a reasonable reserve price. While the property type is standard, the location offers good accessibility. The symbolic possession and auction terms make it a calculated opportunity for potential buyers.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:044-26426365/2326
