Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614199
Bank Name:Canara Bank
Branch Name:Asset Recovery Management Branch
Reserve Price:₹18,05,000
EMD:₹1,80,500
Bid Increment:₹25,000
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:2023-11-29
Property Description
This is a residential flat located in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The property is being auctioned by Canara Bank under the SARFAESI Act due to loan default by the borrower, Mr. Rajan Murugesan. This presents an opportunity to acquire a property in a well-known location.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpattu Taluk
Asset Category:Residential
Full Address:S1, SAIKRIPA APARTMENTS, Flat No S1 of 857 sq.ft in "SAIKRIPA APARTMENTS", No 4. Urappakkam Village, M. M. Nagar part 1 Layout, Chengalpattu Taluk, Kancheepuram District, Urappakkam Village, Kanchipuram
Building/Society:SAIKRIPA APARTMENTS
Size:857 sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential flat in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The auction will take place on November 29, 2025, from 10:30 AM to 11:30 AM. The reserve price for this auction is ₹18,05,000, with an EMD of ₹1,80,500. This is a single-day online auction event.
Borrower Name:Mr. Rajan Murugesan
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a residential flat in a developing area near Chennai with a reasonable reserve price. While not a prime investment, its location and size present a calculated opportunity for buyers seeking affordable housing. The terms of the auction are standard, offering a chance to acquire property below market value.
Contact Details
Branch:Branch Office : Asset Recovery Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
