Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:614489
Bank Name:Canara Bank
Branch Name:SPECIALIZED ARM BRANCH II CHENNAI
Reserve Price:₹62,00,000
EMD:₹6,20,000
Bid Increment:₹50,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
This is a SARFAESI auction property located in Nemilichery, Chennai, Tamil Nadu. The asset category is residential, and the property type is land. This is a prime opportunity to acquire land in a developing area of Chennai.
State:Tamil Nadu
City:Chennai
Area:Nemilichery
Asset Category:Residential
Full Address:Plot No.4A, Plot No.4B, Flat No.F1, Block-A, Nemilichery Village, Nellaiappar 1st street, Bharathipuram, Chromepet, Chennai-600044, Nemilichery, Chennai
Size:5040 sq.ft.
Auction Description
Canara Bank is conducting an online SARFAESI auction for a land property in Nemilichery, Chennai. The auction will take place on November 21, 2025, from 11:00 AM to 12:00 PM. The reserve price is ₹62,00,000, with an EMD of ₹6,20,000. This is a significant opportunity for potential buyers.
Borrower Name:: M/s. Spark Laboratory Prop: Priya K
Auction Type:SARFAESI Auction
Guarantor Names:Priya K, Mrs. K Priya, Mr.Ramalingam K
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property offers a mix of land and residential space in a developing Chennai locality. The reserve price is reasonable, but potential buyers should investigate the land's encumbrances and development possibilities. A calculated approach is needed due to the mixed asset type and reliance on Chennai's growth.
Contact Details
Branch:Branch Office : SPECIALIZED ARM BRANCH II CHENNAI
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
