Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609067
Bank Name:South Indian Bank
Branch Name:Regional Office : Chennai
Reserve Price:₹6,47,46,100
EMD:₹64,74,610
Bid Increment:₹50,000
Auction Time:2.00 PM to 3.00 PM
Service Provider:matex.net
Important Dates
Submission Date:2025-11-25
Bid Start Date:2025-11-26
Property Description
This is a bank auction property in Kancheepuram, Tamil Nadu, offered by South Indian Bank. The property is a Land and Building, categorized as Residential. It is located in the Kancheepuram area of Kanchipuram city. The borrower is M/s.S VS Traders.
State:Tamil Nadu
City:Kanchipuram
Area:Kancheepuram
Asset Category:Residential
Full Address:Town Sy No. 3144/1C & 3144/1&2 within Kancheepuram Town, Olimohammedpet, Kancheepuram
Size:972 Sq ft
Auction Description
South Indian Bank is conducting a SARFAESI auction for a Land and Building property in Kancheepuram, Tamil Nadu. The reserve price is ₹6,47,46,100, with an Earnest Money Deposit (EMD) of ₹64,74,610. The auction will take place on November 26, 2025, from 2:00 PM to 3:00 PM. This is a prime opportunity to acquire a property in a significant location.
Borrower Name:M/s.S VS Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Parthasarathy L, Mr. Karthik L, Mr.Loganathan, Mrs.L.Bharathi
Legal Details
Possession Status:Physical
Encumbrance Details:Nil Encumbrances from 01.01.2015 to 06.09.2022 for Item No.1 to 4 (Schedule A) Nil Encumbrances from 01.01.2015 to 03.07.2023 for Item No.1 (Schedule B)
Why This Property
The property in Kancheepuram presents a calculated opportunity given its location and size. The reserve price appears reasonable, but prospective buyers should conduct thorough due diligence regarding local market conditions. The auction terms are standard, and potential investors should assess the encumbrance details carefully.
Contact Details
Branch:Branch Office : Regional Office : Chennai
Service Provider:matex.net
Contact Details:
Mr.Sreejith Sankar, Mr.Arunkumar R.
Contact no:8547400196/9894647220
