Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609511
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, CHENNAI SOUTH
Reserve Price:₹48,68,000
EMD:₹4,87,000
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 Thimmavaram, Chengalpattu, Tamil Nadu. The property is being auctioned by Indian Bank under the SARFAESI Act. This presents a valuable opportunity to acquire a flat in a developing area.
State:Tamil Nadu
City:Chengalpattu
Area:Thimmavaram
Asset Category:Residential
Full Address:F2, Aathur B Block Village, First Floor bearing Flat No. F2, Aathur B Block Village (Aathur Madura Thimmavaram Village), Chengalpattu Taluk, Chengalpattu District, Old Survey No. 1059/4A2, Patta Nos. 3072 & 3073, as per Palta New Survey No. 1059/4A2A & 4A2B, Thimmavaram, Chengalpattu
Building/Society:Aathur B Block Village
Size:938 sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential flat in Thimmavaram, Chengalpattu, Tamil Nadu. The auction will take place on November 19, 2025, from 10:00 AM to 4:00 PM. The reserve price for this auction is ₹48,68,000, with an Earnest Money Deposit (EMD) of ₹4,87,000. This is a significant opportunity for potential buyers.
Borrower Name:Mr. Saptha Sagar Kanagaiya
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Kavitha Kanagaiya
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
This flat in Thimmavaram presents a reasonable opportunity given its location and physical possession status. The reserve price and EMD are relatively approachable, but potential buyers should conduct thorough due diligence to assess long-term appreciation prospects in Chengalpattu.
Contact Details
Branch:Branch Office : ZONAL OFFICE, CHENNAI SOUTH
Service Provider:BAANKNET
Contact Details:
Contact no: —
