Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609563
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹50,00,000
EMD:₹5,00,000
Auction Time:01:00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:2025-12-08
Bid Start Date:2025-12-08
Property Description
City Union Bank presents a SARFAESI auction for a residential flat located in Madhavaram, Tiruvallur, Tamil Nadu. This property, formerly owned by Mr. S. Daniel, offers a great opportunity to own a flat in a developing area. The auction is conducted by City Union Bank and is a fantastic chance for prospective buyers to acquire a property through a transparent process. Ensure all conditions and documentation are reviewed prior to bidding.
State:Tamil Nadu
City:Tiruvallur
Area:Madhavaram
Asset Category:Residential
Full Address:F2, Door No. 178-B, Ring Road, Housing Sector, Madhavaram, Chennai-600060, Madhavaram, Chennai
Size:750 Sq.ft.
Auction Description
This is a SARFAESI auction hosted by City Union Bank for a residential flat in Madhavaram, Tiruvallur, Tamil Nadu. The auction has a reserve price of INR 50,00,000 and requires an Earnest Money Deposit (EMD) of INR 5,00,000. The auction will take place on December 8, 2025, starting at 01:00 PM and concluding at 02:00 PM on the same day. Interested bidders are advised to complete all necessary pre-auction formalities and due diligence.
Borrower Name:Mr. S. Daniel
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. G.S. Sivashankari, Mr. N. Joseph
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in Madhavaram, Chennai, with a reasonable reserve price. While the location is decent, the overall investment appeal is moderate. Potential buyers should conduct thorough due diligence before participating in the auction.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:044-25532992
