Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:614183
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹30,00,000
EMD:₹3,00,000
Bid Increment:₹50,000
Auction Time:10.30 AM to 11.30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-28
Bid Start Date:2025-11-29
Property Description
This is a residential flat located in the prime area of Thiruvanmiyur, Chennai, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act. It represents an excellent opportunity for homebuyers or investors looking to acquire an asset in a well-developed urban locality. The flat is categorized as residential and is part of a bank auction, offering potential for a competitive purchase.
State:Tamil Nadu
City:Chennai
Area:Thiruvanmiyur
Asset Category:Residential
Full Address:Flat No.11E, Ramaniyam Gallery, New No.63, Old No.18/1, East Coast Road, Thiruvanmiyur, Chennai-600041, Thiruvanmiyur, Chennai
Building/Society:Ramaniyam Gallery
Size:411 sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Thiruvanmiyur, Chennai. The auction will take place on November 29, 2025, starting at 10:30 AM and concluding at 11:30 AM. The reserve price for this property is ₹30,00,000, with an Earnest Money Deposit (EMD) of ₹3,00,000 required to participate. This is a valuable opportunity to bid on a bank-auctioned property in a sought-after Chennai location.
Borrower Name:M/s.Dharma Pharmacy Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Dr.V.Dharmalingam, Dr.G.Mageswari
Legal Details
Possession Status:Not Known to Bank
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential flat in a decent location, Thiruvanmiyur, Chennai. However, the size is relatively small, and the price is moderate. The auction terms are standard, making it a calculated opportunity for interested buyers.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:044-28496339/28496900
