Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609902
Bank Name:Tata Capital Housing Finance Ltd
Branch Name:Registered Office : Mumbai
Reserve Price:₹32,50,000
EMD:₹3,25,000
Service Provider:bankauctions.in
Important Dates
Submission Date:17-11-2025 05:00 PM
Bid Start Date:18-11-2025 02:00 PM
Property Description
This is a land and building property located in Avadi, Chennai, Tamil Nadu. The property is categorized as residential. It is being auctioned by Tata Capital Housing Finance Ltd due to loan default by the borrower, MR. MUNUSAMY K. This presents an opportunity to acquire a property in a well-established area of Chennai.
State:Tamil Nadu
City:Chennai
Area:Avadi
Asset Category:Residential
Full Address:17, Door No. 17, Karunanidhi Street, Melpakkam Village, Avadi, Avadi, Chennai
Size:2268 Sq.ft.
Auction Description
Tata Capital Housing Finance Ltd is conducting a SARFAESI auction for a land and building property in Avadi, Chennai. The auction will take place on November 18, 2025, from 02:00 PM to 03:00 PM. The reserve price for this auction is INR 32,50,000, with an Earnest Money Deposit (EMD) of INR 3,25,000. This is a single-day, online auction event.
Borrower Name:MR.MUNUSAMY K
Auction Type:SARFAESI Auction
Guarantor Names:MRS. KAVITHA G, TIMBER
Legal Details
Possession Status:Physical
Encumbrance Details:due and payable under Loan Account No. TCHHL04040001000090565 and an amount of Rs. 4920317/- is due and payable by you under Agreement no. TCHHL0404000100030158 totaling to Rs. 5073337/-
Why This Property
The property in Avadi, Chennai, offers a decent opportunity due to its land and building potential. While the location is developing, the reserve price of ₹32.5 Lakh makes it a calculated risk. Further due diligence is needed to assess encumbrances.
Contact Details
Branch:Branch Office : Registered Office : Mumbai
Service Provider:bankauctions.in
Contact Details:
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