Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609032
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH II CHENNAI
Reserve Price:₹35,70,100
EMD:₹3,57,010
Bid Increment:₹25,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
A residential flat located in Thiruporur, Chengalpattu, Tamil Nadu, owned by Mr. ILANGOVELAN. This property is being auctioned by Canara Bank under the SARFAESI Act. It represents an excellent opportunity for homebuyers or investors seeking property in a developing area of Tamil Nadu. The flat offers a comfortable living space and is situated in a well-connected locality.
State:Tamil Nadu
City:Chengalpattu
Area:Thiruporur
Asset Category:Residential
Full Address:106, AKSHAYA TODAY, Flat No-106,1st Floor, Tower C2, C Block, AKSHAYA TODAY OMR, Thaiyur Village, Thiruporur Taluk, Chengalpattu District Pin Code-603103, Thiruporur, Chennai
Building/Society:AKSHAYA TODAY
Size:1249 sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Thiruporur, Chengalpattu, Tamil Nadu. The auction will take place on November 26, 2025, from 11:30 AM to 12:30 PM. The reserve price for this auction is INR 35,70,100, with an Earnest Money Deposit (EMD) of INR 3,57,010 required to participate. This is a legal auction process to recover bank dues, offering a chance to acquire the property at a competitive price.
Borrower Name:Mr. ILANGOVELAN
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. I.KRITHIGA
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat located in a developing area of Chennai. The reserve price seems reasonable, but requires careful assessment of the property's current market value and potential for appreciation. Given its location and the bank auction terms, it represents a calculated opportunity for potential investors.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH II CHENNAI
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
