Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610411
Bank Name:Indian Overseas Bank
Branch Name:REGIONAL OFFICE - CHENNAI
Reserve Price:₹54,50,000
EMD:₹5,45,000
Bid Increment:₹50,000
Auction Time:11:00 a.m. to 3.00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
This is a residential flat located in Ambattur Taluk, Tiruvallur, Tamil Nadu, being auctioned by Indian Overseas Bank. This SARFAESI auction presents an opportunity to acquire a property in a key area. The flat is part of a residential asset category, suitable for individuals or families seeking a home in this region.
State:Tamil Nadu
City:Tiruvallur
Area:Ambattur Taluk
Asset Category:Residential
Full Address:S1, Flat No S1, Second Floor, S.No 211 (Part) of Porur Village, 8th Street Mangala Nagar, Porur, Chennai 600 116, Porur, Chennai
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential flat in Ambattur Taluk, Tiruvallur, Tamil Nadu. The auction will take place on 20-11-2025, with bidding open from 11:00 AM to 03:00 PM. The reserve price for this property is INR 54,50,000, and the Earnest Money Deposit (EMD) required is INR 5,45,000. This is a direct opportunity to purchase a flat from the bank.
Borrower Name:Mr. R.Ramesh
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in Porur, Chennai, offered at a reserve price of ₹54.5 Lakhs. While the location is decent, the presence of auction terms requires careful evaluation. It's a Calculated Opportunity suitable for investors familiar with bank auctions.
Contact Details
Branch:Branch Office : REGIONAL OFFICE - CHENNAI
Service Provider:BAANKNET
Contact Details:
Malarvizhi J
Contact no:6379355109
