Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610290
Bank Name:Indian Overseas Bank
Branch Name:Chennai
Reserve Price:₹58,00,000
EMD:₹5,80,000
Bid Increment:₹1,00,000
Auction Time:11:00 a.m. and 3:00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-18
Property Description
A residential house located in Chennai, Tamil Nadu, brought to auction by Indian Overseas Bank. This property is part of a SARFAESI auction and presents an opportunity for potential buyers.
State:Tamil Nadu
City:Chennai
Area:chennai
Asset Category:Residential
Full Address:20/46 Part, Eastern Portion of Plot No.5, Door No.20/46 Part, Annamalai Nagar, 4th Street, Thiruvottiyur, Annamalai Nagar, Chennai
Size:903 sq. ft.
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential house in Chennai, Tamil Nadu. The auction will take place on November 18, 2025, from 11:00 AM to 03:00 PM. The reserve price is set at 58,00,000 INR, with an Earnest Money Deposit (EMD) of 5,80,000 INR. This is a significant opportunity to acquire property through a bank auction.
Borrower Name:Mr.K. Thirumalai Kumar
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential house in Chennai, offered at a moderate reserve price. Given the location and type, it represents a calculated opportunity for potential buyers looking for residential investment in the area. Interested parties should conduct a thorough due diligence before bidding.
Contact Details
Branch:Branch Office : Chennai
Service Provider:BAANKNET
Contact Details:
Mr.V R Hemanth Kumar
Contact no:8108187929
