Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609509
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, CHENNAI SOUTH
Reserve Price:₹52,69,000
EMD:₹5,27,000
Bid Increment:₹10,000
Auction Time:10:00 A.M. to 4:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This SARFAESI auction features a Residential Land and Building located in Chengalpattu, Tamil Nadu. The property, associated with Indian Bank, is an excellent opportunity for buyers seeking real estate in this developing area. The borrower is Mr. Saptha Sagar Kanagalya. This auction presents a chance to acquire a valuable asset in a prominent location within Chengalpattu.
State:Tamil Nadu
City:Chengalpattu
Area:chengalpattu
Asset Category:Residential
Full Address:F1, Aathur B Block, Flat No.F1, Aathur B Block Village (Aathur Madura Thimmavaram Village), Chengalpattu Taluk, Chengalpattu District, Old Survey No. 1059/4A2, Patta Nos.3072 & 3073, as per Patta New Survey No. 1059/4A2A & 4A2B, Aathur, Chengalpattu
Building/Society:Aathur B Block
Size:3780 Sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a Land and Building property in Chengalpattu, Tamil Nadu. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 04:00 PM. The reserve price is ₹5,269,000, with an Earnest Money Deposit (EMD) of ₹527,000 required. This is a direct auction opportunity with clear terms and a defined bidding period.
Borrower Name:Mr. Saptha Sagar Kanagalya
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Kavitha Kanagaiya
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property presents a decent opportunity due to its location in Chengalpattu and the physical possession status. While the reserve price seems reasonable, further due diligence is recommended to assess the overall market value. The auction terms are standard, making it a calculated risk for potential investors.
Contact Details
Branch:Branch Office : ZONAL OFFICE, CHENNAI SOUTH
Service Provider:BAANKNET
Contact Details:
Contact no: —
