Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610587
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, POONAMALLEE
Reserve Price:₹20,50,000
EMD:₹2,05,000
Bid Increment:₹10,000
Auction Time:10:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This is a residential house located in Poonamallee taluk, Tiruvallur, Tamil Nadu. It is being auctioned by Indian Bank as part of a SARFAESI auction. The property is associated with Mr. V. Siva Kumar.
State:Tamil Nadu
City:Tiruvallur
Area:Poonamallee taluk
Asset Category:Residential
Full Address:Plot No.37, Flat No.G1, Shanthi Flats, Plot No.37, Flat No.G1, Ground Floor, Subramaniar Street, Santhi Flats, Senthurpuram, Kattupakkam Village, Chennai-600056, Kattupakkam, Chennai
Building/Society:Shanthi Flats
Size:1830 sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential house in Poonamallee taluk, Tiruvallur, Tamil Nadu. The auction will take place on 19-11-2025 from 10:00 AM to 04:00 PM. The reserve price for this property is ₹20,50,000, with an Earnest Money Deposit (EMD) of ₹2,05,000 required to participate.
Borrower Name:Mr. V. Siva Kumar
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. S. Ambika
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property is located in a developing area of Chennai, offering a decent residential option. The price is relatively moderate considering the location and size, but prospective buyers should carefully evaluate the area's future development potential and access to amenities before bidding. This auction presents a calculated opportunity for those seeking investment in Chennai's suburban real estate.
Contact Details
Branch:Branch Office : ZONAL OFFICE, POONAMALLEE
Service Provider:BAANKNET
Contact Details:
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