Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:614197
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹30,00,000
EMD:₹3,00,000
Bid Increment:₹50,000
Auction Time:10.30 AM & 11.30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:28-11-2025 05:00 PM
Bid Start Date:2023-11-29
Property Description
This is a residential flat located in Poonamallee taluk, Tiruvallur, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. It represents an excellent opportunity to acquire a flat in a developing area of Tamil Nadu.
State:Tamil Nadu
City:Tiruvallur
Area:Poonamallee taluk
Asset Category:Residential
Full Address:FF2, ARK Vigneswara Nagar, ARK Vigneswara Nagar, Flat No. FF2 in the First floor in Block-A A, Madavilagam Village, Poonamallee Taluk, Tiruvallur
Building/Society:ARK Vigneswara Nagar
Size:1100 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Poonamallee taluk, Tiruvallur, Tamil Nadu. The auction will take place on November 29, 2025, from 10:30 AM to 11:30 AM. The reserve price is ₹30,00,000, with an Earnest Money Deposit (EMD) of ₹3,00,000 required. This is a direct opportunity to bid on a property previously owned by Mr. V. Srinivasan.
Borrower Name:Mr. V. Srinivasan
Auction Type:SARFAESI Auction
Guarantor Names:S/O Veerappan (Applicant) 2) Mrs. S. Selvarani W/O V.Srinivasan (Joint Applicant)
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This flat in Poonamallee presents a decent opportunity given the location and property type. The reserve price seems reasonable, but potential buyers should conduct thorough due diligence. It's categorized as a Calculated Opportunity due to the need for careful evaluation.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
