Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610092
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹29,16,000
EMD:₹2,91,600
Bid Increment:₹25,000
Auction Time:11:00 AM to 4:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:11-11-2025 05:00 PM
Bid Start Date:2025-11-11
Property Description
Prime land parcel located in Chengalpet, Chennai, Tamil Nadu. This residential land offers a significant opportunity for development in a growing area. The property is being auctioned by the State Bank of India under SARFAESI provisions. Ideal for builders or individual buyers looking to invest in a rapidly developing region with excellent connectivity and future potential.
State:Tamil Nadu
City:Chennai
Area:Chengalpet
Asset Category:Residential
Full Address:Plot No.4 & 5, Flat No.S-4, Sri Sai Shelter, Sushil Nagar, Plot No.4 & 5, Flat No.S-4, Second floor, Sri Sai Shelter, Sushil Nagar, Unamanchery, Chennai — 600048, Unamanchery, Chennai
Building/Society:Sri Sai Shelter, Sushil Nagar
Size:4137 sq. ft.
Auction Description
State Bank of India presents a SARFAESI auction for a valuable land parcel in Chengalpet, Chennai, Tamil Nadu. The auction is scheduled for November 11, 2025, commencing at 12:00 PM and concluding at 04:00 PM. The reserve price is set at ₹29,16,000, with an Earnest Money Deposit (EMD) of ₹2,91,600 required to participate. This is a unique chance to acquire a prime asset in a sought-after location.
Borrower Name:Mr. A. Joshua
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property in Unamanchery, Chennai, presents a calculated risk due to the combination of land and a flat. The reserve price appears reasonable, given the location. However, prospective buyers should thoroughly investigate the property's physical condition and legal standing before bidding.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
Mr. K. Ranjeethkumar
Contact no:9486848516
