Land for auction Muttukadu Kanchipuram 4 Cr Indian Bank

Property for Auction in Muttukadu, Kanchipuram, Tamil Nadu

Recommendation
Calculated OpportunityScore: 6.8
Possession
Symbolic
Size
10276 sq. ft.
Reserve Price
3,90,00,000
Reserve Price
3,90,00,000
EMD Required
39,00,000
Property Specifications
Society/BuildingTimes Square
Size10276 sq. ft.
Unit No.12
Possession StatusSymbolic
Auction TypeSARFAESI Auction
Property Type IconProperty Type:
Land
Location IconLocation:
Muttukadu, Kanchipuram
Auction Date IconAuction Date:
19-11-2025 10:00 AM

Auction Details

Recommendation:Calculated OpportunityScore: 6.8

Auction ID:610309

Bank Name:Indian Bank

Branch Name:MEPZ BRANCH

Reserve Price:3,90,00,000

EMD:39,00,000

Bid Increment:10,000

Auction Time:10:00 AM to 4:00 PM

Service Provider:BAANKNET

Important Dates

Submission Date:2025-11-19

Bid Start Date:2025-11-19

Property Description

This offering presents a significant land parcel located in the desirable area of Muttukadu, Kanchipuram, Tamil Nadu. As a residential asset, this land provides an excellent opportunity for development or investment. Situated in a region known for its growing potential, this property is being auctioned by Indian Bank. The reserve price for this valuable land is ₹3,90,00,000. Don't miss this chance to acquire a substantial piece of real estate in a prime location.

State:Tamil Nadu

City:Kanchipuram

Area:Muttukadu

Asset Category:Residential

Full Address:12, Times Square, Residential Plot No. 12, in "Times Square", Layout in Muttukadu Village, East Coast Road, Chengalpet District, Thirupporur Taluk, Muttukadu, Kanchipuram

Building/Society:Times Square

Size:10276 sq. ft.

Auction Description

Indian Bank is conducting a SARFAESI auction for a land property in Muttukadu, Kanchipuram, Tamil Nadu. The auction will take place on November 19, 2025, starting at 10:00 AM and concluding at 04:00 PM. The reserve price is set at ₹3,90,00,000, with an Earnest Money Deposit (EMD) of ₹39,00,000 required to participate. This is a prime opportunity to bid on a residential land asset, formerly associated with borrower Mr. Ravi Rajendran. Ensure all bidding requirements are met before the auction closes.

Borrower Name:Mr. Ravi Rajendran

Auction Type:SARFAESI Auction

Guarantor Names:Mr. Vasanth Balasundaram

Legal Details

Possession Status:Symbolic

Encumbrance Details:Nil

Why This Property

The land parcel in Muttukadu presents a moderate investment opportunity due to its location and potential for development. The reserve price and EMD are relatively high, requiring careful consideration. The 'Symbolic' possession status adds a layer of complexity.

Contact Details

Branch:Branch Office : MEPZ BRANCH

Service Provider:BAANKNET

Contact Details:

Contact no: —

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