Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610745
Bank Name:Indian Bank
Branch Name:Stressed Assets Management Branch
Reserve Price:₹37,00,000
EMD:₹3,70,000
Bid Increment:₹10,000
Auction Time:11.00 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 prime piece of land located in Chengalpet Taluk, Kanchipuram, Tamil Nadu. The property is being auctioned by Indian Bank as part of a SARFAESI action. It represents an excellent opportunity for investors or developers looking to acquire land in a developing region. The property's specific location and dimensions will be detailed in the full auction notice.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpet Taluk
Asset Category:Residential
Full Address:19 Part, Plot No. 19 Part, No.3, Kilambakkam Village, Urapakkam Panchayat, Kattankulathur Panchayat Union, Chengleput Taluk, Kanchipuram District, Kilambakkam Village, Urapakkam Panchayat, Kanchipuram
Size:952 sq. ft.
Auction Description
Indian Bank is conducting an SARFAESI auction for a land property in Chengalpet Taluk, Kanchipuram, Tamil Nadu. The auction will take place on November 19, 2025, from 11:00 AM to 4:00 PM. The reserve price for this land is ₹37,00,000, with an Earnest Money Deposit (EMD) of ₹3,70,000 required to participate. This auction is an excellent opportunity to acquire valuable real estate. All interested parties are advised to review the complete auction terms and conditions.
Borrower Name:Mr. L. Prathapan
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. J. Padma Kalyani
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property is a land parcel located in Chengalpet, offering potential for development. The reserve price is moderate, but interested parties should carefully evaluate the location and market conditions before bidding. The auction terms are standard, making it a calculated opportunity with moderate risk.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
