Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 5.8
Auction ID:612516
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹28,43,000
EMD:₹2,84,300
Bid Increment:₹25,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-23
Bid Start Date:2025-11-24
Property Description
This auction features a valuable plot of land located in Poonamallee taluk, Tiruvallur, Tamil Nadu. This residential land offers a great opportunity for development or investment in a growing area. The property is being auctioned by Canara Bank under the SARFAESI Act. Don't miss this chance to acquire land in a desirable location.
State:Tamil Nadu
City:Tiruvallur
Area:Poonamallee taluk
Asset Category:Residential
Full Address:Plot No. D, ARK Vigneswara Nagar, Plot No. D, ARK Vigneswara Nagar, Madavilagam Village, Poonamallee Taluk, Tiruvallur District-600124, ARK Vigneswara Nagar, Tiruvallur
Building/Society:ARK Vigneswara Nagar
Size:1870 sq.ft
Auction Description
Canara Bank is conducting an online SARFAESI auction for a residential land parcel in Poonamallee taluk, Tiruvallur, Tamil Nadu. The auction will take place on November 24, 2025, from 11:00 AM to 12:00 PM. The reserve price is set at ₹28,43,000, with an Earnest Money Deposit (EMD) of ₹2,84,300 required. This is a fantastic opportunity for prospective buyers to bid on a promising property.
Borrower Name:M/s. Bala Distributor
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Balamurugan V A
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a land parcel located in Poonamallee, a developing area of Tiruvallur district. The reserve price is relatively moderate, offering potential for appreciation. The auction terms seem standard, making it a calculated opportunity for interested investors.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
