Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:597995
Bank Name:Union Bank of India
Branch Name:Asset Recovery Branch
Reserve Price:₹31,00,000
EMD:₹3,10,000
Bid Increment:₹40,000
Auction Time:11:00 AM to 05:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:29-10-2025 05:00 PM
Bid Start Date:2025-10-30
Property Description
This is a SARFAESI auction by Union Bank of India for a Land and Building property located in Kaniyampadi, Vellore, Tamil Nadu. The property was formerly owned by Mr. Ashok kumar. It is categorized as residential. The auction provides an opportunity to acquire a property in a developing area of Vellore.
State:Tamil Nadu
City:Vellore
Area:Kaniyampadi
Asset Category:Residential
Full Address:42, Door No.42, Bajanai Koil Street, Survey No.156/169, (old Survey No.156/7) Manaivari Patta No.311, Mettu Edaiyampatti, H/o.adukkambarai Panchayat, Kaniyampadi, Vellore
Size:1404 sq.ft.
Auction Description
Union Bank of India is conducting an online SARFAESI auction for a residential Land and Building property in Kaniyampadi, Vellore, Tamil Nadu. The reserve price is set at ₹31,00,000, with an Earnest Money Deposit (EMD) of ₹3,10,000 required to participate. The auction will take place on October 30, 2025, starting at 11:00 AM and concluding at 05:00 PM. Interested bidders should review all auction terms and conditions on the bank's official portal.
Borrower Name:Mr. Ashok kumar
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. A. Malathi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a decent opportunity given its location in Vellore and the existing building structure. The reserve price is reasonable, but potential investors should conduct thorough due diligence to assess the market value and growth potential of the area before bidding. Given it's classified as Land, future development possibilities exist.
Contact Details
Branch:Branch Office : Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
