Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:595623
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹1,44,00,000
EMD:₹14,40,000
Bid Increment:₹1,00,000
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:29-10-2025 05:00 PM
Bid Start Date:2025-10-30
Property Description
This auction features a valuable land and building property situated on Thiruporur Main Road in Kanchipuram, Tamil Nadu. Ideal for residential purposes, this asset offers significant potential in a developing area. The property is being auctioned by the State Bank of India under SARFAESI regulations. Don't miss this opportunity to acquire a prime piece of real estate in Kanchipuram.
State:Tamil Nadu
City:Kanchipuram
Area:Thiruporur Main Road
Asset Category:Residential
Full Address:7, Villa No 7 comprised in Old Survey No.87/3, Patta No.775, Survey No.87/3A1A3 of Kanathur Reddy Kuppam Village, Thiruporur Taluk, Kancheepuram District, Kanathur Reddy Kuppam Village, Kancheepuram
Size:3548 sq.ft.
Auction Description
State Bank of India presents a SARFAESI auction for a residential land and building located on Thiruporur Main Road, Kanchipuram, Tamil Nadu. The auction commences on October 30, 2025, at 10:00 AM and concludes at 04:00 PM on the same day. The reserve price is set at ₹1,44,00,000, with an Earnest Money Deposit (EMD) of ₹14,40,000. This is a unique chance to bid on a property owned by Shri. M.R. Shivakumar. Secure your participation in this important auction event.
Borrower Name:Shri. M.R. Shivakumar
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is a land and building in a developing area. The reserve price appears reasonable for the location, presenting a calculated opportunity. However, the building is in an unfinished stage, which adds a risk factor, but also potential for increased value post-completion.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Sri Jidagam S.R.L.Swamy
Contact no:7810068331
