Property for Auction in Nanganallur, Chennai, Tamil Nadu
Auction ID:578718
Bank Name:Canara Bank
Branch Name:CHENNAI ASHOKNAGAR II BRANCH
Reserve Price:₹47,50,000
EMD:₹4,75,000
Service Provider:BAANKNET
Submission Date:25-09-2025 05:00 PM
Bid Start Date:26-09-2025 11:00 AM
This auction features a prime parcel of land located in the well-established residential area of Nanganallur, Chennai, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. Situated in a desirable neighborhood, this land presents an excellent opportunity for development or investment in one of Chennai's sought-after locales. Ideal for constructing a residential property, its location offers convenience and accessibility.
State:Tamil Nadu
City:Chennai
Area:Nanganallur
Asset Category:Residential
Canara Bank is conducting a SARFAESI auction for a valuable land parcel in Nanganallur, Chennai, Tamil Nadu. The auction will take place on September 26, 2025, commencing at 11:00 AM and concluding at 04:00 PM. The reserve price for this asset is INR 47,50,000, with an Earnest Money Deposit (EMD) of INR 4,75,000 required to participate. This is a unique chance to acquire property through a bank auction process.
Borrower Name:M/s. Sri Muthuvelavan Agencies
Auction Type:SARFAESI Auction
contact no:9740145622