Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612519
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch - II
Reserve Price:₹46,10,000
EMD:₹4,61,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This auction features a parcel of land located in Chengalpet Taluk, Kanchipuram, Tamil Nadu. The property is being auctioned by the State Bank of India under the SARFAESI Act. Ideal for development or investment, this land offers a significant opportunity in a growing region. The borrower is Mr Sundhara Devan V. Details regarding the exact location, dimensions, and potential uses are available upon request.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpet Taluk
Asset Category:Residential
Full Address:OXYGEN by URBAN TREE, Perumbakkam Village, Tambaram Taluk (earlier Saidapet Taluk then Tambaram Taluk, and then Sholinganallur Taluk), Chengalpet District, Perumbakkam, Chengalpet
Building/Society:OXYGEN by URBAN TREE
Size:393347 sq.ft.
Auction Description
State Bank of India presents a SARFAESI auction for a residential land property in Chengalpet Taluk, Kanchipuram, Tamil Nadu. The auction is scheduled for November 25, 2025, commencing at 11:00 AM and concluding at 04:00 PM. The reserve price is set at ₹46,10,000.00, with an Earnest Money Deposit (EMD) of ₹4,61,000.00 required to participate. This is a prime opportunity to acquire land in a sought-after location. Interested bidders are advised to review all auction terms and conditions on the bank's official portal.
Borrower Name:Mr Sundhara Devan V
Auction Type:SARFAESI Auction
Guarantor Names:Mrs. Muthulakshmi.V, Mrs. Sarojini.S, Master Aadhit.S
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property is a large land parcel in a developing area, offering potential for residential or commercial development. The reserve price seems reasonable, but the location's specific growth trajectory needs to be assessed to determine the investment's profitability. Due diligence regarding approvals and zoning is crucial.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch - II
Service Provider:BAANKNET
Contact Details:
Shri. Kailash Chandra Meena
Contact no:8699009584
