Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:613402
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹1,63,00,000
EMD:₹16,30,000
Bid Increment:₹50,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-27
Property Description
This is a residential land and building located in the prime area of Anna Salai, Chennai, Tamil Nadu. The property is being auctioned by Canara Bank under SARFAESI regulations.
State:Tamil Nadu
City:Chennai
Area:Anna Salai
Asset Category:Residential
Full Address:Shop no 2 &3, City Centre Plaza, Old Door No 3 to 34 New No 24 in City Centre Plaza, Anna Salai, Chennai
Building/Society:City Centre Plaza
Size:676.94 UDS
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building in Anna Salai, Chennai. The auction will take place on November 27, 2025, from 11:00 AM to 12:00 PM. The reserve price is ₹1,63,00,000, with an Earnest Money Deposit (EMD) of ₹16,30,000. This is an opportunity to acquire property in a sought-after location.
Borrower Name:Mrs Shylaja.K
Auction Type:SARFAESI Auction
Guarantor Names:Mr.G.Gopi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
This property, located on Anna Salai, a prime commercial area in Chennai, presents a strong investment opportunity. The reserve price appears reasonable, considering the location and size, while the auction terms are standard. Given its commercial potential, this warrants a Strong Buy recommendation.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
