Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609564
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹42,00,000
EMD:₹4,20,000
Auction Time:02:00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-08
Bid Start Date:2025-12-08
Property Description
City Union Bank is auctioning a residential flat in Madhavaram, Tiruvallur, Tamil Nadu. This property, previously owned by Mr. T. Arunachalam, is being sold under the SARFAESI Act. The flat offers a great opportunity for buyers seeking a home in a developing area.
State:Tamil Nadu
City:Tiruvallur
Area:Madhavaram
Asset Category:Residential
Full Address:S-2, Door No. 178-D, Ring Road, Housing Sector, Madhavaram, Chennai 60, Madhavaram, Chennai
Size:750 Sq. ft.
Auction Description
This is a SARFAESI auction conducted by City Union Bank for a residential flat located in Madhavaram, Tiruvallur, Tamil Nadu. The auction will take place on December 8, 2025, from 02:00 PM to 03:00 PM. The reserve price is set at ₹42,00,000, with an Earnest Money Deposit (EMD) of ₹4,20,000 required to participate. Interested bidders should review all auction terms and conditions.
Borrower Name:Mr. T. Arunachalam,
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. A. Kalavathy
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Madhavaram offers a decent residential opportunity. The reserve price is reasonable considering the location and property size. However, potential investors should carefully assess the legal and market conditions before bidding.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:044-25532992
