Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610276
Bank Name:Indian Bank
Branch Name:MEPZ BRANCH
Reserve Price:₹52,69,000
EMD:₹5,27,000
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 is a SARFAESI auction for a residential land and building located in Thimmavaram, Chengalpattu, Tamil Nadu. The property is being auctioned by Indian Bank, with a reserve price of ₹52,69,000. The earnest money deposit (EMD) required is ₹5,27,000. This is a valuable opportunity to acquire a property in a developing area of Chengalpattu.
State:Tamil Nadu
City:Chengalpattu
Area:Thimmavaram
Asset Category:Residential
Full Address:F1, Aathur B Block Village, First Floor bearing Flat No.F1, 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 land and building property in Thimmavaram, Chengalpattu, Tamil Nadu. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 4:00 PM. The reserve price is set at ₹52,69,000, with an EMD of ₹5,27,000. This is a sealed bid auction. Interested bidders are advised to conduct their own due diligence regarding the property's legal status, encumbrances, and physical condition.
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's location in Chengalpattu and its land and building type offer potential. However, the price and auction terms warrant a cautious approach. Further due diligence is recommended to assess market value and growth prospects.
Contact Details
Branch:Branch Office : MEPZ BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
