Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613405
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹39,27,000
EMD:₹3,92,700
Bid Increment:₹25,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-27
Property Description
This is a residential flat located in Perambur, Chennai, Tamil Nadu. The property is being auctioned by Canara Bank under SARFAESI rules. It offers a comfortable living space in a well-connected part of the city. Ideal for individuals or families looking for a home in Chennai.
State:Tamil Nadu
City:Chennai
Area:Perambur
Asset Category:Residential
Full Address:C-1, Flat No. C-1, First Floor, Old Door No. 18, New Door No. 16, Plot -18 Narayanaswami Naicken Street, Pulianthope, Perambur Berracks Road, Perambur, Chennai
Size:700 sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Perambur, Chennai. The auction will take place on November 27, 2025, from 11:00 AM to 12:00 PM. The reserve price for this auction is INR 39,27,000, with an Earnest Money Deposit (EMD) of INR 3,92,700 required to participate. This is a fantastic opportunity to acquire a property in a prime location.
Borrower Name:Mr. VIJAI AKKASH.B
Auction Type:SARFAESI Auction
Guarantor Names:Mr. PREM RAJ R
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property's location in Perambur, Chennai, combined with its reasonable reserve price, suggests a calculated investment opportunity. While not a 'Prime Investment' due to potential market fluctuations, the auction terms and property type make it a worthwhile consideration for savvy investors.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
