Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610731
Bank Name:Indian Bank
Branch Name:Stressed Assets Management Branch
Reserve Price:₹71,00,000
EMD:₹7,10,000
Bid Increment:₹30,000
Auction Time:11:00 A.M. AND 4.00P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
A valuable plot of land located in Ambattur Taluk, Tiruvallur, Tamil Nadu, offered for sale by Indian Bank. This residential asset presents a prime investment opportunity in a developing area. The plot is situated in a region known for its growing infrastructure and accessibility, making it an attractive location for future development or personal use. Ideal for investors seeking to capitalize on the real estate potential of Tamil Nadu.
State:Tamil Nadu
City:Tiruvallur
Area:Ambattur Taluk
Asset Category:Residential
Full Address:A4, Annamalai Flats, Plot No.4/752, situated at JJ Nagar West Scheme, Nolambur, Chennai-37, Nolambur, Chennai
Building/Society:Annamalai Flats
Size:1022 Sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Ambattur Taluk, Tiruvallur, Tamil Nadu. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price is set at ₹71,00,000, with an Earnest Money Deposit (EMD) of ₹7,10,000 required. This is a significant opportunity to acquire property directly from the bank, with clear title and transparent bidding process. Bid with confidence on this promising asset.
Borrower Name:M/S. SVS Packaging
Auction Type:SARFAESI Auction
Guarantor Names:Mr. G. Thangavel, Mr. A. Saravanan
Legal Details
Possession Status:Physical
Encumbrance Details:Prior Encumbrance known to the Bank: Yes. Subsequent attachments by Margadarsi Chits Pvt Ltd which is subject to Bank's Mortgage.
Why This Property
Located in a developing area of Chennai, the property offers moderate investment potential. The reasonable reserve price relative to the location presents an opportunity, but potential encumbrances necessitate a calculated approach.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
