Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610340
Bank Name:South Indian Bank
Branch Name:Regional Office : Chennai
Reserve Price:₹50,43,000
EMD:₹5,04,300
Bid Increment:₹20,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:bankauctions.in
Important Dates
Submission Date:2025-11-26
Bid Start Date:2025-11-27
Property Description
A valuable plot of land with an existing building, located in Gudiyattam, Vellore, Tamil Nadu. This residential asset offers a prime opportunity for investment or personal use in a developing area. The property is being auctioned by South Indian Bank under the SARFAESI Act. Ideal for those seeking real estate in the Vellore region.
State:Tamil Nadu
City:Vellore
Area:Gudiyattam
Asset Category:Residential
Full Address:Plot No.11, 12, 13, Sri Ragavendira Nagar, Plot No.11, 12, 13, Sri Ragavendira Nagar under Sy No. 5/3 within Pichanoor Village, Gudiyattam Taluk, Vellore District, Pichanoor Village, Gudiyattam
Building/Society:Sri Ragavendira Nagar
Size:3000 Sq.ft
Auction Description
South Indian Bank is conducting a SARFAESI auction for a land and building property in Gudiyattam, Vellore, Tamil Nadu. The auction will take place on November 27, 2025, from 11:00 AM to 12:00 PM. The reserve price is INR 50,43,000, with an Earnest Money Deposit (EMD) of INR 5,04,300 required to participate. Don't miss this chance to acquire a property through a transparent bank auction process.
Borrower Name:Mr. Saravanan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Kavitha
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property presents a calculated opportunity due to its location in Gudiyattam and the potential for development. The reserve price seems reasonable, but potential investors should thoroughly investigate the property and local market conditions. Auction terms appear standard.
Contact Details
Branch:Branch Office : Regional Office : Chennai
Service Provider:bankauctions.in
Contact Details:
Mr. Gnanaprakash.S / Mr Thomas Alex J
Contact no:9791747678/8606568519
