Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611137
Bank Name:State Bank of India
Branch Name:Centralised Retail Asset Management Centre (CRAMC
Reserve Price:₹57,48,921
EMD:₹5,74,892
Bid Increment:₹50,000
Auction Time:11:30 A.M to 12:30 P.M
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-16
Bid Start Date:2025-11-17
Property Description
This auction features a valuable land and building property located in Poonamallee taluk, Tiruvallur, Tamil Nadu. As a residential asset, it presents a promising opportunity for buyers seeking property in this developing region. The property is being auctioned by the State Bank of India under the SARFAESI Act. It is an ideal investment for individuals or families looking for a home or for developers interested in the potential of the area.
State:Tamil Nadu
City:Tiruvallur
Area:Poonamallee taluk
Asset Category:Residential
Full Address:C1, Plot No C1, SF No. 27/2, Lescale Street, VGN Road, Melapakkam Village, Kannapalayam Panchayath, Poonamalle, Melapakkam Village, Chennai
Size:926 Sq.ft.
Auction Description
State Bank of India presents a SARFAESI auction for a residential land and building in Poonamallee taluk, Tiruvallur, Tamil Nadu. The auction will take place on November 17, 2025, from 11:30 AM to 12:30 PM. The reserve price for this property is ₹57,48,921, with an Earnest Money Deposit (EMD) of ₹5,74,892 required to participate. This is a unique opportunity to acquire property directly from the bank.
Borrower Name:Mrs Karthigal Selvi Bala Subramanian
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property is a land and building in Poonamallee, a developing area of Chennai. The reserve price is reasonable, and the physical possession adds value. However, potential investors should carefully evaluate the location and growth prospects before investing.
Contact Details
Branch:Branch Office : Centralised Retail Asset Management Centre (CRAMC
Service Provider:BAANKNET
Contact Details:
Mrs. Umaa Gopal, Mr. Charles Correya
Contact no:9442649601
