House for auction 39 Perungalathur Villa, Tambaram, Chennai by Bank of Baroda

This exceptional vacant house site, meticulously regularized and approved by the Perungalathur Town Panchayat with CMDA planning permission (PP/D/92983/2021-21), presents a remarkable opportunity for new property buyers. Spanning a generous 2400 sq.ft. (measuring 44 feet East-West and 55 feet North-South), this plot (Plot No. 39) is strategically located in Perungalathur Village, Tambaram Taluk, Chengalpattu District, within the vibrant Chennai South region. Its prime location in Tambaram, a rapidly developing suburb of Chennai, ensures excellent connectivity and access to essential amenities, making it ideal for constructing your dream residential dwelling. The property benefits from a 20-foot wide road on its southern boundary, enhancing accessibility. This well-defined and legally sound plot offers significant potential for capital appreciation and a high quality of life, catering perfectly to those looking to invest in a growing residential hub.

Prospective buyers keen on entering the robust bank auction market should note this significant SARFAESI auction by Bank of Baroda. The property, identified as Auction Id: 438194, is offered with a competitive Reserve Price of Rs. 45,36,000.00. An Earnest Money Deposit (EMD) of Rs. 4,53,600.00 is required to participate, which is standard for securing bids. The e-auction is scheduled to commence on February 20, 2025, at 02:00 PM and conclude at 06:00 PM on the same day, with the application submission deadline set for February 19, 2025, at 05:00 PM. Conducted via the reputable service provider BAANKNET, this online auction ensures a transparent bidding process. We highly recommend conducting thorough due diligence, including a physical inspection of the property and consulting with legal and financial advisors, prior to participating. For any clarifications, the Authorized Officer can be contacted at 044-27462215/27462216.