Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610415
Bank Name:Indian Overseas Bank
Branch Name:REGIONAL OFFICE - CHENNAI
Reserve Price:₹32,40,000
EMD:₹3,24,000
Bid Increment:₹50,000
Auction Time:11.00 a.m. to 3.00 p.m
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-20
Property Description
This is a residential house located in Pammal, Chennai, Tamil Nadu. The property is being auctioned by Indian Overseas Bank under the SARFAESI Act. The borrower is Mr. Vasanth S. This is a great opportunity to acquire a property in a well-established area of Chennai.
State:Tamil Nadu
City:Chennai
Area:Pammal
Asset Category:Residential
Full Address:60, Ramachandra Nagar, Plot No.60, Ramachandra Nagar, Gerugambakkam Village, Pammal, Chennai
Building/Society:Ramachandra Nagar
Size:2578 sq.ft
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential house in Pammal, Chennai. The auction will take place on November 20, 2025, from 11:00 AM to 03:00 PM. The reserve price for this property is INR 32,40,000, with an Earnest Money Deposit (EMD) of INR 3,24,000. Interested bidders are encouraged to participate in this timely auction.
Borrower Name:Mr.Vasanth S
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is a residential house in Pammal, Chennai, offered at a reasonable reserve price. However, potential buyers should investigate the property's condition and location within Ramachandra Nagar. Given the auction terms and area, it presents a calculated opportunity with moderate risk.
Contact Details
Branch:Branch Office : REGIONAL OFFICE - CHENNAI
Service Provider:BAANKNET
Contact Details:
Ms. Prabhavathi A
Contact no:9840793232
