Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612445
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹4,26,000
EMD:₹42,600
Bid Increment:₹10,000
Auction Time:11.30 AM to 12.30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This bank auction property is a Land and Building located in Arcot, Vellore, Tamil Nadu. The asset is residential and is being auctioned by Canara Bank under SARFAESI rules. The borrower is Mr. Balaji R. This is a great opportunity to acquire a property in a well-known area.
State:Tamil Nadu
City:Vellore
Area:Arcot
Asset Category:Residential
Full Address:Plot No 4, Muppathuvetti Village, Amman Nagar, S.No.302, Sub Div:302/4, Plot No 4, Muppathuvetti Village, Amman Nagar, Arcot
Size:1200 Sq. Feet
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential Land and Building in Arcot, Vellore, Tamil Nadu. The auction will take place on 21-11-2025, starting at 11:30 AM and ending at 12:30 PM. The reserve price for this auction is INR 4,26,000, with an Earnest Money Deposit (EMD) of INR 42,600 required to participate. Interested bidders should ensure they have the necessary funds and documentation.
Borrower Name:Mr. Balaji R
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Karthiga M
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building located in Arcot, offered at a relatively low reserve price. While the location might not be prime, the price point and potential for development make it a calculated opportunity. Investors should assess the location's growth potential and complete due diligence.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no:917892339114
