Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:610062
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹28,00,000
EMD:₹2,80,000
Bid Increment:₹10,000
Auction Time:10:00 A.M. and 4:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This is a residential flat located in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The property is being auctioned by Indian Bank under the SARFAESI Act. It represents a valuable opportunity to acquire a flat in a well-established area. The reserve price for this auction is INR 28,00,000, with an Earnest Money Deposit (EMD) of INR 2,80,000 required to participate.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpattu Taluk
Asset Category:Residential
Full Address:F-1, Sona Flats, Flat No.F-1, Block A, Sona Flats, Panchayat Road, Rathinamangalam, Chennai-600127, Rathinamangalam, Chennai
Building/Society:Sona Flats
Size:846 Sq. ft.
Auction Description
Indian Bank is conducting an SARFAESI auction for a residential flat in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 04:00 PM on the same day. The reserve price is set at INR 28,00,000, and prospective bidders must submit an EMD of INR 2,80,000. This auction provides a chance to acquire the property formerly belonging to Mr K R Arumugam.
Borrower Name:Mr K R Arumugam
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. A. Bhavani
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property is a residential flat in Rathinamangalam, Chennai, offered at a relatively reasonable reserve price. The location is developing, presenting moderate investment potential. The physical possession adds to the appeal, but potential bidders should conduct thorough due diligence.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
