Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609573
Bank Name:HDFC Bank
Branch Name:Reg Office : Mumbai
Reserve Price:₹23,00,000
EMD:₹2,30,000
Bid Increment:₹10,000
Auction Time:12.30 p.m-01.00 p.m
Service Provider:drt.auctiontiger.net
Important Dates
Submission Date:2025-12-03
Bid Start Date:2025-12-04
Property Description
HDFC Bank presents a residential flat auction in Padappai, Chennai, Tamil Nadu. This is a SARFAESI auction for a property previously owned by Mr. Iyyappan Manikkam. The flat is located in a sought-after area of Chennai and offers a great opportunity for homeownership or investment. Don't miss this chance to acquire a property in a developing region.
State:Tamil Nadu
City:Chennai
Area:Padappai ,
Asset Category:Residential
Full Address:S1, Sri Ram Nagar Extension layout, Flat No. S1, Second Floor, Sri Ram Nagar Extension layout, Plot No.34, Varadharajapuram Village, Sriperumbudur Taluk, Padappai, Chennai
Building/Society:Sri Ram Nagar Extension layout
Size:1250 sq.ft
Auction Description
Seize the opportunity with HDFC Bank's SARFAESI auction for a residential flat in Padappai, Chennai. The auction starts on December 4, 2025, at 12:30 PM and concludes at 01:00 PM on the same day. The reserve price is ₹23,00,000, with an Earnest Money Deposit (EMD) of ₹2,30,000 required. This is a swift, online auction event, so be prepared to bid.
Borrower Name:Mr.lyyappan Manikkam
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Latha Thangavelu
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in Padappai, Chennai, offered at a reasonable reserve price. While the location is not prime, the size and clear auction terms make it a calculated investment opportunity. Further due diligence on the property's condition and local market is recommended.
Contact Details
Branch:Branch Office : Reg Office : Mumbai
Service Provider:drt.auctiontiger.net
Contact Details:
Contact no:9940305869
