Property for Auction in Tiruporur, Kanchipuram, Tamil Nadu
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609539
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch - II
Reserve Price:₹95,00,000
EMD:₹9,50,000
Bid Increment:₹1,00,000
Auction Time:11.00 AM to 04.00 PM
Service Provider:BAANKNET
Submission Date:18-11-2025 05:00 PM
Bid Start Date:2025-11-19
This SARFAESI auction, conducted by the State Bank of India, features a residential land and building property located in Tiruporur, Kanchipuram, Tamil Nadu. The property is being auctioned following the SARFAESI Act, offering a unique opportunity for interested buyers. Situated in a developing area, this asset presents potential for residential use or investment. The auction is scheduled for November 19, 2025, with bidding open from 11:00 AM to 4:00 PM. The reserve price is ₹95,00,000, with an Earnest Money Deposit (EMD) of ₹9,50,000 required to participate.
State:Tamil Nadu
City:Kanchipuram
Area:Tiruporur
Asset Category:Residential
Full Address:12, Nakshatra Enclave, Villa No. 12, Nakshatra Enclave, Project Sri Sathya Sai Avenue, Old S. No. 87/3, New S. No. 87/3A1A3, Kanathur Reddy Kuppam Village, Thiruporur Taluk, Kancheepuram District, Kanathur Reddy Kuppam Village, Thiruporur Taluk, Kancheepuram
Building/Society:Nakshatra Enclave
Size:2425 sq.ft.
State Bank of India presents a SARFAESI auction for a residential land and building property in Tiruporur, Kanchipuram, Tamil Nadu. The auction is scheduled for November 19, 2025, running from 11:00 AM to 4:00 PM. The property has a reserve price of ₹95,00,000 and requires an EMD of ₹9,50,000. This is an excellent opportunity to acquire a property through a transparent SARFAESI auction process. All interested bidders are encouraged to review the auction terms and conditions provided by the State Bank of India. Don't miss this chance to bid on this valuable asset.
Borrower Name:Mr.Patrick Selvaraj
Auction Type:SARFAESI Auction
Possession Status:Physical
Encumbrance Details:Not Known to Bank
The property offers a decent opportunity considering its location in Tiruporur and physical possession status. The reserve price is competitive, but potential buyers should thoroughly assess the unfinished stage of the first floor. It's a calculated risk with potential upside for those willing to invest in completing the construction.
Branch:Branch Office : Stressed Asset Recovery Branch - II
Service Provider:BAANKNET
Contact Details:
Smt. M.Sathiavanimuthu
Contact no:9884474857