Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610733
Bank Name:Indian Bank
Branch Name:Stressed Assets Management Branch
Reserve Price:₹24,00,000
EMD:₹2,40,000
Bid Increment:₹10,000
Auction Time:11:00 A.M. AND 4.00P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This is a SARFAESI auction for a land parcel located in Madhurantakam taluk, Kanchipuram district, Tamil Nadu. The property is categorized as residential land and was formerly owned by Mr. P. Chandrasekar. This is a prime opportunity to acquire land in a well-known region of Tamil Nadu.
State:Tamil Nadu
City:Kanchipuram
Area:Madhurantakam taluk
Asset Category:Residential
Full Address:96, Teachers Lalith Nagar, Plot No.96, Teachers Lalith Nagar, Pukkathurai Village, Madhuranthakam Taluk, Kancheepuram District, Pukkathurai Village, Kanchipuram
Building/Society:Teachers Lalith Nagar
Size:2400 Sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential land property in Madhurantakam taluk, Kanchipuram, Tamil Nadu. The auction will commence on November 19, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this auction is ₹24,00,000, with an Earnest Money Deposit (EMD) of ₹2,40,000 required to participate. Interested bidders should ensure they meet all auction terms and conditions set by Indian Bank.
Borrower Name:Mr. P. Chandrasekar
Auction Type:SARFAESI Auction
Guarantor Names:Smt. C. Bhuvaneswari
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The land is located in Madhurantakam, a developing area, and is offered at a reasonable reserve price. While land investments can be profitable, potential buyers should conduct due diligence on the area's development plans and market demand. The auction terms are standard, making it a calculated opportunity.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no:8291220220
