Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610057
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹46,48,000
EMD:₹4,65,000
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 is a vacant plot of land located in Chengalpattu, Tamil Nadu. The property is being auctioned by Indian Bank under the SARFAESI Act. It's a prime opportunity to acquire land in a developing area.
State:Tamil Nadu
City:Chengalpattu
Area:chengalpattu
Asset Category:Residential
Full Address:133 & 134, Munaga Avenue, Plot No. 133 & 134, Munaga Avenue, Athipattu Village, Ponneri Taluk, Athipattu Village, Ponneri Taluk, Chengalpattu
Building/Society:Munaga Avenue
Size:2640 & 2706 Sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a land parcel in Chengalpattu, Tamil Nadu. The auction will take place on November 19, 2025, from 10:00 AM to 4:00 PM. The reserve price is ₹46,48,000, with an Earnest Money Deposit (EMD) of ₹4,65,000. This is a sealed bid auction. Interested parties should review the detailed terms and conditions provided by the bank.
Borrower Name:M/s SRV Traders
Auction Type:SARFAESI Auction
Guarantor Names:Late Mr. Middi Srinivasulu, Mrs. M. Revathi, Mrs. Nagarajamma, Mr. M. Lakshminarayana, Mrs. Manju Matha, Mr. M. Balasubramaniam
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The land is located in Chengalpattu, offering decent potential for future appreciation. The reserve price is reasonable, and the physical possession status adds value. However, the location and specific details require further investigation for optimal investment.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no:044-25217798/7799
