Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611628
Bank Name:Indian Overseas Bank
Branch Name:REGIONAL OFFICE : Kancheepuram
Reserve Price:₹26,00,000
EMD:₹2,60,000
Bid Increment:₹50,000
Auction Time:11:00 am to 4.00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This is a residential flat located in Tambarm, Kanchipuram, Tamil Nadu. It is being auctioned by Indian Overseas Bank under SARFAESI. The property is ideal for individuals or families looking for a home in a well-connected area.
State:Tamil Nadu
City:Kanchipuram
Area:Tambarm
Asset Category:Residential
Full Address:D, Padmavathy Nagar, Flat No D,1st Floor, Plot no 85/5A and 85/5B, Padmavathy Nagar Main Road, Madambakkam, Madambakkam, Chennai
Building/Society:Padmavathy Nagar
Size:963 sq.ft
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential flat in Tambarm, Kanchipuram, Tamil Nadu. The auction will take place on November 20, 2025, from 11:00 AM to 04:00 PM. The reserve price for this property is INR 26,00,000, with an Earnest Money Deposit (EMD) of INR 2,60,000. This is a fantastic opportunity to acquire a property through a bank auction.
Borrower Name:Ms. A. Amalorpavam
Auction Type:SARFAESI Auction
Guarantor Names:Mr. A. Arokia Anantharaj
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
Located in Madambakkam, Chennai, this flat offers potential for residential use or rental income. The reserve price aligns with market values, but thorough due diligence is recommended. This property represents a reasonable opportunity with standard auction terms.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : Kancheepuram
Service Provider:BAANKNET
Contact Details:
Soumendra Kumar Sahu
Contact no:8925951822
