Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612353
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹40,00,000
EMD:₹4,00,000
Bid Increment:₹50,000
Auction Time:11.00 AM to 12.00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-09
Bid Start Date:2025-12-10
Property Description
This is a SARFAESI auction for a Land and Building property located in Ambattur, Chennai, Tamil Nadu. The property is owned by Mr. J.A. Sathish Kumar and is being auctioned by Canara Bank.
State:Tamil Nadu
City:Chennai
Area:Ambattur
Asset Category:Residential
Full Address:Flat No.T-1, Northern portion of Plot No.360 and Southern Portion of Plot No.359, in Nethaji Street, Gnanamoorthy Nagar, Ambattur, Chennai-600053, Ambattur, Chennai
Size:306 Sq.ft.
Auction Description
Canara Bank is conducting an e-auction for a residential Land and Building property in Ambattur, Chennai on December 10, 2025. The auction will start at 11:00 AM and end at 12:00 PM. The reserve price is INR 40,00,000 and the Earnest Money Deposit (EMD) is INR 4,00,000.
Borrower Name:Mr.J.A.Sathish Kumar
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Lakshmi. J.S
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a chance to acquire a land and building in Ambattur, Chennai through a bank auction. While the location is decent, potential investors should thoroughly assess the market value and conduct due diligence. The reserve price and auction terms present a calculated opportunity for those familiar with the area.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
AUTHORISED OFFICER
Contact no:9740145622
