Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613999
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹79,00,000
EMD:₹7,90,000
Bid Increment:₹10,000
Auction Time:10.00 A.M. AND 4.00 P.M.
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 the well-established area of Mylapore, Chennai, Tamil Nadu. The property is being auctioned by Indian Bank.
State:Tamil Nadu
City:Chennai
Area:Mylapore
Asset Category:Residential
Full Address:Part Old Door No. 54, New Door No. 10, Kuppu Muthu Street, Triplicane, Chennai 600 005, Triplicane, Chennai
Size:2310 Sq. feet
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential house in Mylapore, Chennai. The auction will take place on November 24, 2025, from 10:00 AM to 4:00 PM. The reserve price for this auction is ₹79,00,000, with an Earnest Money Deposit (EMD) of ₹7,90,000.
Borrower Name:Mr.Mahender Bafna
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.Varsha Rani Bafna
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is located in a well-known area of Chennai, but the age and specific construction details necessitate careful evaluation. The reserve price aligns with market values, but potential investors should thoroughly investigate the property's legal status and condition before bidding. Auction terms are standard.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:044-28353840/3870
