Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:612737
Bank Name:UCO Bank
Branch Name:Regional office
Reserve Price:₹1,27,20,000
EMD:₹12,72,000
Bid Increment:₹50,000
Auction Time:01:00 P.M. to 05:00 P.M.
Service Provider:ebkray
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a land auction in Mambalam, Chennai, Tamil Nadu, presented by UCO Bank under SARFAESI. The property is categorized as residential land. The reserve price is ₹1,27,20,000 and the EMD is ₹12,72,000.
State:Tamil Nadu
City:Chennai
Area:Mambalam
Asset Category:Residential
Full Address:A1, Vignesh Varshini, Door No. 80, New Door No. 118, Anna Salai Service Lane, (Now Known as Manickkam Lane), Guindy, Mambalam, Chennai
Building/Society:Vignesh Varshini
Size:2.89 Grounds
Auction Description
UCO Bank is conducting a SARFAESI auction for a residential land property in Mambalam, Chennai on 10-12-2025. The auction will run from 01:00 PM to 05:00 PM. The reserve price is ₹1,27,20,000, with an EMD of ₹12,72,000. This is an opportunity to acquire land in a prime Chennai location. The borrower for this asset is M/s. Quadsel Systems Private Limited.
Borrower Name:M/s. Quadsel Systems Private Limited
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Girish Madhavan, Mrs. Reshma Girish, Mrs. Dhanamani Madhavan
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, located in a prime area of Chennai, combines land and a residential flat, presenting a solid investment. The reserve price seems reasonable considering the location. Auction terms are standard, suggesting a potentially good opportunity for investors.
Contact Details
Branch:Branch Office : Regional office
Service Provider:ebkray
Contact Details:
Mr. Justin Selvaraj S
Contact no:9147403242
