Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612926
Bank Name:Indian Overseas Bank
Branch Name:Khambamvari Palli
Reserve Price:₹10,00,000
EMD:₹1,00,000
Bid Increment:₹10,000
Auction Time:11:00 AM to 1:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-24
Property Description
This is a residential house located in Kaniyampadi, Vellore, Tamil Nadu, offered for auction by Indian Overseas Bank. The property is part of a SARFAESI auction, providing an opportunity for interested buyers to acquire a house in this region. Situated in Vellore, a well-known city in Tamil Nadu, this property presents a potential investment or residential opportunity.
State:Tamil Nadu
City:Vellore
Area:Kaniyampadi
Asset Category:Residential
Full Address:Sy No.310/1, 310/2C, New No 310/46,310/74, Govt. Punja Naganathi Village, Thuthikkadu Village & Panchayat, Kaniyambadi Sub registration District, Vellore Taluk, Vellore Registration District, Tamilnadu-632113, Kaniyampadi, Vellore
Size:1155 Sq.Ft
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential house in Kaniyampadi, Vellore, Tamil Nadu. The auction will commence on November 24, 2025, at 11:00 AM and conclude at 01:00 PM on the same day. The reserve price for this property is INR 10,00,000, with an Earnest Money Deposit (EMD) of INR 1,00,000 required. This auction is a significant opportunity for prospective buyers in the Vellore region.
Borrower Name:Mr. R.Raghavan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.R.Sujatha
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil for all security
Why This Property
The property is a residential house in a developing locality with a reasonable reserve price. While the location might not be prime, the auction terms and potential for future appreciation make it a calculated opportunity. Further due diligence is recommended to assess the long-term investment potential.
Contact Details
Branch:Branch Office : Khambamvari Palli
Service Provider:BAANKNET
Contact Details:
Contact no:8925950976
