Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:613091
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch,East Veli Street, Madurai
Reserve Price:₹87,00,000
EMD:₹8,70,000
Auction Time:null
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
A residential flat located in Guindy Taluk, Chennai, Tamil Nadu, being auctioned by Canara Bank. This property, previously owned by Mr. Tamilarasan Krishnan, is offered under the SARFAESI Act. It represents an opportunity to acquire a home in a well-established area of Chennai. The flat is categorized as a residential asset and is part of a bank auction aiming to recover dues.
State:Tamil Nadu
City:Chennai
Area:Guindy Taluk
Asset Category:Residential
Full Address:S2, LAKSHMIKRUPA, Old Door No.36, New Door No.74, New Boag Road, Thiyagaraya Nagar Village, Guindy Taluk, Chennai District, Thiyagaraya Nagar, Chennai
Building/Society:LAKSHMIKRUPA
Size:2096 Sq. ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Guindy Taluk, Chennai, Tamil Nadu. The auction will take place on November 21, 2025, commencing at 11:00 AM and concluding at 01:00 PM. The reserve price for this property is ₹87,00,000, with an Earnest Money Deposit (EMD) of ₹8,70,000 required to participate. This is a legally mandated auction to recover non-performing assets.
Borrower Name:Mr.Tamilarasan Krishnan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Latha Krishnan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This property in Thiyagaraya Nagar, Chennai presents a strong investment opportunity due to its prime location and reasonable reserve price. As a residential flat offered through bank auction, it combines accessibility with potential value appreciation. The auction terms seem fair, making it a worthwhile consideration for interested buyers.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch,East Veli Street, Madurai
Service Provider:BAANKNET
Contact Details:
Chief Manager
Contact no:0452-2335348/9489046509
