Property for Auction in Thirupporur Tk, Kanchipuram, Tamil Nadu
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609507
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, CHENNAI SOUTH
Reserve Price:₹3,90,00,000
EMD:₹39,00,000
Bid Increment:₹10,000
Auction Time:10:00 AM to 04:00 PM
Service Provider:BAANKNET
Submission Date:2025-11-19
Bid Start Date:2025-11-19
This is a prime land parcel located in the Thirupporur Tk area of Kanchipuram, Tamil Nadu. As a residential asset, this land offers excellent potential for development. Situated in a developing region, it presents a valuable opportunity for investors and builders looking to acquire a significant plot in a growing area. The property is being auctioned by Indian Bank under the SARFAESI Act, presenting a clear title and a straightforward transaction process.
State:Tamil Nadu
City:Kanchipuram
Area:Thirupporur Tk
Asset Category:Residential
Full Address:12, Times Square, Plot No. 12 B (Eastern side), "Times Square", East Coast Road, Muttukadu Village & Panchayat, Chengalpet Taluk, Kancheepuram District, Muttukadu Village, Kanchipuram
Building/Society:Times Square
Size:10276 sq. ft.
Indian Bank is conducting a SARFAESI auction for a valuable land property in Thirupporur Tk, Kanchipuram, Tamil Nadu. The auction will take place on November 19, 2025, from 10:00 AM to 4:00 PM. The reserve price for this residential land is ₹3,90,00,000, with an Earnest Money Deposit (EMD) of ₹39,00,000 required to participate. This is a direct opportunity to acquire a significant asset from Mr. Ravi Rajendran's account. Interested parties are advised to review all auction terms and conditions provided by Indian Bank.
Borrower Name:Mr. Ravi Rajendran
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Vasanth Balasundaram
Possession Status:Symbolic
Encumbrance Details:Nil
This land offers a good investment potential given its location near East Coast Road and the growing development in Thirupporur. The reserve price seems reasonable, but a thorough assessment of market value is recommended before bidding. Symbolic possession may require further due diligence.
Branch:Branch Office : ZONAL OFFICE, CHENNAI SOUTH
Service Provider:BAANKNET
Contact Details:
Contact no:044-22621010/2020/4040