Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:614069
Bank Name:UCO Bank
Branch Name:Asset Management Branch
Reserve Price:₹1,00,00,000
EMD:₹10,00,000
Bid Increment:₹50,000
Auction Time:1:00 PM to 5:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:27-11-2025 05:00 PM
Bid Start Date:2025-11-28
Property Description
UCO Bank presents a SARFAESI auction for a residential flat in the well-connected Madipakkam area of Chennai, Tamil Nadu. This property, formerly owned by Mr. K.R. Rajagopalan, offers an excellent opportunity for homeownership or investment in a prime urban location. The flat is situated in a sought-after neighborhood known for its amenities and accessibility.
State:Tamil Nadu
City:Chennai
Area:Madipakkam
Asset Category:Residential
Full Address:F1, LAKSHMIS, Plot No. 3 and 4 Part, Vallal Kumanan Street, Bhagirathi Nagar, Madipakkam, Chennai 600091, Madipakkam, Chennai
Building/Society:LAKSHMIS
Size:2250 Sq.ft
Auction Description
This is a SARFAESI auction conducted by UCO Bank for a residential flat located in Madipakkam, Chennai. The auction has a reserve price of INR 10,000,000 and requires an Earnest Money Deposit (EMD) of INR 1,000,000. The auction will take place on November 28, 2025, starting at 01:00 PM and concluding at 05:00 PM. Interested bidders should ensure they comply with all auction terms and conditions.
Borrower Name:Mr K.R. Rajagopalan
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known
Why This Property
The property's location in Madipakkam, Chennai, coupled with its substantial size, makes it a potentially attractive investment. The reserve price appears reasonable for the area, and the symbolic possession status suggests a clear path to ownership. Given these factors, it's classified as a 'Strong Buy'.
Contact Details
Branch:Branch Office : Asset Management Branch
Service Provider:BAANKNET
Contact Details:
Mr.Sanjib Das
Contact no:9147403234
