Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610277
Bank Name:Indian Bank
Branch Name:MEPZ BRANCH
Reserve Price:₹48,68,000
EMD:₹4,87,000
Bid Increment:₹10,000
Auction Time:10.00 A.M. AND 4.00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This auction features a residential land and building located in Thimmavaram, Chengalpattu, Tamil Nadu. The property is being sold by Indian Bank under SARFAESI provisions. It presents a prime opportunity for individuals or investors seeking real estate in the growing Chengalpattu region. The asset is categorized as residential.
State:Tamil Nadu
City:Chengalpattu
Area:Thimmavaram
Asset Category:Residential
Full Address:F2, Aathur B Block Village, First Floor bearing Flat No.F2, Aathur B Block Village (Aathur Madura Thimmavaram Village), Chengalpattu Taluk, Chengalpattu District, Old Survey No. 1059/4A2, Patta Nos.3072 & 3073, as per Patta New Survey No. 1059/4A2A & 4A2B, Thimmavaram, Chengalpattu
Building/Society:Aathur B Block Village
Size:3780 Sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land and building in Thimmavaram, Chengalpattu, Tamil Nadu. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 04:00 PM. The reserve price is ₹48,68,000, with an Earnest Money Deposit (EMD) of ₹4,87,000. This is a public auction open to all interested bidders.
Borrower Name:Mr. Saptha Sagar
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Kavitha Kanagaiya
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property in Thimmavaram presents a calculated opportunity due to its land and building category and location. With a reserve price of ₹4868000.0, it may appeal to investors looking for long-term appreciation. However, further due diligence is recommended given the limited information available.
Contact Details
Branch:Branch Office : MEPZ BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no: —
