Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:611179
Bank Name:Indian Overseas Bank
Branch Name:VANDAVASI BRANCH
Reserve Price:₹9,45,000
EMD:₹94,500
Bid Increment:₹5,000
Auction Time:11:00 AM to 3:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-18
Bid Start Date:2025-11-19
Property Description
This SARFAESI auction presents a valuable opportunity to acquire a Land and Building asset in Thiruvannamalai, Kanchipuram, Tamil Nadu. Previously owned by Mr. K Villalan, this residential property is being auctioned by Indian Overseas Bank. It's a chance to invest in a property located in a well-known area.
State:Tamil Nadu
City:Kanchipuram
Area:Thiruvannamalai
Asset Category:Residential
Full Address:53A, SF No 309/25 as per partition deed, SF No 472/42 as per patta, patta No 738, Door No 53A, Periyar street, Seyamanagalam village, Vandavasi taluk, Seyamanagalam village, Thiruvannamalai
Size:2616 Sq Feet
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a Land and Building property in Thiruvannamalai, Kanchipuram. The auction will take place on November 19, 2025, from 11:00 AM to 03:00 PM. The reserve price is set at ₹9,45,000, with an Earnest Money Deposit (EMD) of ₹94,500 required to participate. This is a fantastic opportunity for prospective buyers.
Borrower Name:Mr. K Villalan
Auction Type:SARFAESI Auction
Guarantor Names:Mr. K Villalan, Mr Paramasivam V
Legal Details
Possession Status:Constructive
Encumbrance Details:NIL
Why This Property
The property represents a calculated opportunity due to its location in Thiruvannamalai and the set reserve price. As it is land with a building, prospective buyers should assess the construction's condition. The auction terms and encumbrance status (NIL) make it worth considering for local investors.
Contact Details
Branch:Branch Office : VANDAVASI BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:04183-226677
