Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612542
Bank Name:Canara Bank
Branch Name:Regional Office
Reserve Price:₹15,94,000
EMD:₹1,59,400
Bid Increment:₹15,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-23
Bid Start Date:2025-11-24
Property Description
This is a residential land and building property located in Madhurantakam taluk, Kanchipuram, Tamil Nadu. The property is being auctioned by Canara Bank under SARFAESI rules. It presents an opportunity for potential buyers to acquire a property in this region.
State:Tamil Nadu
City:Kanchipuram
Area:Madhurantakam taluk
Asset Category:Residential
Full Address:31, Mahalakshmi nagar, Plot No.31, Mahalakshmi nagar DTCP approval no. 266 (R)/2018, Pazhaiyanur Village and Panchayat, Maduranthakam Panchayat Union and taluk Kancheepuram District, Pazhaiyanur, Kanchipuram
Building/Society:Mahalakshmi nagar
Size:1050 sq.ft.
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential land and building property in Madhurantakam taluk, Kanchipuram, Tamil Nadu. The auction will take place on November 24, 2025, from 11:30 AM to 12:30 PM. The reserve price is set at INR 15,94,000, with an Earnest Money Deposit (EMD) of INR 1,59,400. This is a single-day auction event.
Borrower Name:Mr. Praveenkumar V
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Anandhi V, Mr. Loganathan V
Legal Details
Possession Status:Constructive
Encumbrance Details:Not Known to Bank
Why This Property
Located in Pazhaiyanur, this land and building offers potential for future development. The reserve price and EMD are reasonable for the area, but potential investors should carefully evaluate the property's location and development prospects before bidding. Given the details, this represents a calculated opportunity.
Contact Details
Branch:Branch Office : Regional Office
Service Provider:BAANKNET
Contact Details:
Contact no:9444396931
