Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610412
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 residential property, a house located in Pammal, Chennai, Tamil Nadu, is being auctioned by Indian Overseas Bank. Situated in a well-established area, this property presents a great opportunity for homeowners or investors.
State:Tamil Nadu
City:Chennai
Area:Pammal
Asset Category:Residential
Full Address:60, Ramachandra Nagar, Plot No.60, in 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 is set at ₹3,240,000, with an Earnest Money Deposit (EMD) of ₹324,000. This is a prime opportunity to acquire a property through a bank auction.
Borrower Name:Mr.S.Rajasekaran
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.R.Rukmani
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property in Pammal, Chennai presents a calculated opportunity due to its residential nature and potential for development. The reserve price is relatively competitive for the area, but potential buyers should thoroughly investigate the locality and encumbrances before bidding. Given the symbolic possession, a deeper legal due diligence is recommended.
Contact Details
Branch:Branch Office : REGIONAL OFFICE - CHENNAI
Service Provider:BAANKNET
Contact Details:
Ms.Prabhavathi A
Contact no:9840793232
