Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614455
Bank Name:Indian Bank
Branch Name:STERLING ROAD BRANCH
Reserve Price:₹69,50,000
EMD:₹6,95,000
Bid Increment:₹10,000
Auction Time:10:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This SARFAESI auction presents a valuable opportunity to acquire land and a building in Vellore, Tamil Nadu. Situated in the city of Vellore, this residential asset, previously owned by Mr. S.S. Vasan, is being auctioned by Indian Bank. The property offers a solid investment in a developing area. Ideal for residential use, this is a chance to own a property in a prime location within Vellore.
State:Tamil Nadu
City:Vellore
Area:Vellore
Asset Category:Residential
Full Address:HIG House No. 1217, Vellore Neighbourhood Scheme Phase-Il area, Survey No.631 (part), in the Sanctioned Plan of the Vellore Neighbourhood Scheme Phase-Il area, HIG House No. 1217, 63rd Street at Sathuvachari Village, Vellore Taluk and District, Sathuvachari Village, Vellore
Building/Society:Vellore Neighbourhood Scheme Phase-Il area
Size:204.96 Square metre
Auction Description
Indian Bank invites bids for a SARFAESI auction of a land and building property in Vellore, Tamil Nadu. The auction will commence on November 19, 2025, at 10:00 AM and conclude at 04:00 PM on the same day. The reserve price for this residential asset is INR 69,50,000, with an Earnest Money Deposit (EMD) of INR 6,95,000 required to participate. This is a direct sale opportunity conducted by the bank.
Borrower Name:Mr.S.S. Vasan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.V. Jayanthi
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property, a land and building in Vellore, presents a calculated opportunity due to its location and the potential for development. The reserve price is relatively reasonable, but prospective buyers should carefully assess the market conditions in Vellore before bidding. This property is ideal for those seeking a long-term investment in a developing area.
Contact Details
Branch:Branch Office : STERLING ROAD BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
