Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:612400
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹26,20,000
EMD:₹2,62,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-23
Bid Start Date:2025-11-24
Property Description
This auction features a valuable Land and Building property located in Panruti, Cuddalore, Tamil Nadu. Situated in a developing area, this asset offers a significant opportunity for investment or personal use. The property is ideal for those looking to acquire real estate in a growing region. Don't miss this chance to own a piece of Panruti.
State:Tamil Nadu
City:Cuddalore
Area:Panruti
Asset Category:Residential
Full Address:New S.No 137/23, Old S.No. 137/20, Pafur Village, Panruti Taluk, Palur Village, Cuddalore
Size:1817 sq feet
Auction Description
Canara Bank presents a SARFAESI Auction for a Residential Land and Building in Panruti, Cuddalore. The reserve price is set at ₹26,20,000 with an EMD of ₹2,62,000. The auction will be conducted online on November 24, 2025, from 11:00 AM to 12:00 PM. This is a prime opportunity to purchase a property through a transparent bank auction process.
Borrower Name:Mr. Saravanan C
Auction Type:SARFAESI Auction
Guarantor Names:Mr.Ravichandran.B
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land and building in a developing area. The reserve price seems reasonable, but potential investors should conduct thorough due diligence. Considering the location and auction terms, it represents a calculated opportunity.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
