Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614186
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹40,50,000
EMD:₹4,05,000
Bid Increment:₹50,000
Auction Time:10.30 AM to 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 Chengalpet Taluk, Kanchipuram, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. It is an excellent opportunity to acquire a flat in a developed area. The property is available for sale through an e-auction process.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpet Taluk
Asset Category:Residential
Full Address:B-119, Anandham, block No. B in tower No.2, Survey No. 175/1A, 175/18 and 175/10 (Old Survey Nos. 175/1 and 175/2), Mannivakkam Village, Chengalpet Taluk, Kancheepuram District, Mannivakkam Village, Kanchipuram
Building/Society:Anandham, block No. B in tower No.2
Size:377 square feet(undivided share of land), 617 square feet(carpet area)
Auction Description
Canara Bank is conducting an online SARFAESI auction for a residential flat in Chengalpet Taluk, Kanchipuram, Tamil Nadu. The auction will take place on 29-11-2025, starting at 10:30 AM and ending at 11:30 AM. The reserve price for this property is ₹40,50,000, with an Earnest Money Deposit (EMD) of ₹4,05,000 required to participate. This is a secure opportunity to bid on a bank-auctioned property.
Borrower Name:Mr.G.Sathish Kumar
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent residential space in a developing area near Chennai. The reserve price is relatively affordable, but potential investors should assess the location's growth prospects and demand for residential properties before bidding. Overall, it is a calculated opportunity with moderate risk.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
