Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.5
Auction ID:610801
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH II CHENNAI
Reserve Price:₹31,00,000
EMD:₹3,10,000
Bid Increment:₹25,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a prime plot of land located in Ambattur, Chennai, Tamil Nadu. Ideal for residential development, this asset offers a great opportunity for investors and builders in a rapidly growing area. The property is being auctioned by Canara Bank under SARFAESI proceedings.
State:Tamil Nadu
City:Chennai
Area:Ambattur
Asset Category:Residential
Full Address:Plot No. B (Plot No. 8B), Jain Nagar, Eastern Portion of Plot No. 8 bearing Plot No. B, (i.e Plot No. 8B) situated at "Jain Nagar". Comprised in New Survey No. 260/1B Part and Survey No. 260/1 Part as per Patta No. 201, New Patta No. 5577 in New Survey No. 260/1C2 Ayappakkam Village, Avadi Taluk, Thiruvallur District, Ambattur, Chennai
Building/Society:Jain Nagar
Size:1276 Square Feet
Auction Description
Canara Bank is conducting a SARFAESI auction for a valuable land parcel in Ambattur, Chennai. The auction will take place on 21-11-2025, starting at 11:30 AM and concluding at 12:30 PM. The reserve price is set at ₹31,00,000, with an Earnest Money Deposit (EMD) of ₹3,10,000 required to participate. This is a unique chance to acquire property in a sought-after location. The borrower is Mr. Velmurugan R.
Borrower Name:Mr. Velmurugan R
Auction Type:SARFAESI Auction
Guarantor Names:Mr.P. Ranjithkumar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a vacant land in Ambattur, Chennai, a developing locality. The reserve price appears reasonable, and the auction terms are standard. The location and potential for development make it a strong buy for investors.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH II CHENNAI
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
