Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614182
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹39,00,000
EMD:₹3,90,000
Bid Increment:₹50,000
Auction Time:10.30 AM to 11.30 AM
Service Provider:BAANKNET
Important Dates
Submission Date:28-11-2025 05:00 PM
Bid Start Date:2025-11-29
Property Description
A residential flat located in the desirable Thiruvanmiyur area of Chennai, Tamil Nadu. This property is being auctioned by Canara Bank under SARFAESI regulations. Thiruvanmiyur is a well-established locality known for its connectivity and amenities, making this an attractive investment opportunity in a prime urban setting. The flat is categorized as residential, suitable for individual or family living.
State:Tamil Nadu
City:Chennai
Area:Thiruvanmiyur
Asset Category:Residential
Full Address:118, Ramaniyam Gallery, New No.63, Old No.18/1, East Coast Road, Thiruvanmiyur, Chennai-600041, Thiruvanmiyur, Chennai
Building/Society:Ramaniyam Gallery
Size:488 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, with bidding open from 10:30 AM to 11:30 AM. The reserve price for this property is ₹39,00,000, and the Earnest Money Deposit (EMD) required is ₹3,90,000. This is a unique opportunity to acquire a property directly from the bank.
Borrower Name:M/s.Dharma Pharmacy Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Dr.V.Dharmalingam, V.Velumayil, Dr.Mageswari, W/o.Dr.V.Dharmalingam
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a reasonable opportunity due to its location in Thiruvanmiyur, Chennai, and the relatively affordable reserve price. However, the smaller size and auction terms warrant careful consideration. It's suitable for buyers seeking a smaller residential space in Chennai.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
