Land for auction Vallanchery Chengalpattu 15 lakh Indian Overseas Bank

This offering presents a unique opportunity to acquire land in Chengalpattu Taluk, Kanchipuram, Tamil Nadu, under the SARFAESI Act. Located in a developing region, this parcel of land is categorized as residential and is being auctioned by Indian Overseas Bank. The property, previously mortgaged by Mr. M Venkatesan, offers potential for development or investment. Its location in Kanchipuram, a city known for its cultural significance and growing infrastructure, makes it an attractive proposition. Prospective buyers are encouraged to conduct their due diligence regarding land use regulations, connectivity, and local amenities. This is a direct sale from the bank, ensuring a clear title transfer.

Indian Overseas Bank is conducting a SARFAESI auction for a prime plot of land in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The auction will take place on November 20, 2025, commencing at 11:00 AM and concluding at 04:00 PM on the same day. The reserve price for this residential land is set at ₹14,87,500, with an Earnest Money Deposit (EMD) of ₹1,48,750 required to participate. This is a legally mandated auction to recover dues from the borrower, Mr. M Venkatesan. Interested parties should review all auction terms and conditions, as well as conduct their own property inspections and legal verifications before bidding. The auction aims for a swift and transparent sale of the asset.

The property is a land parcel in Chengalpattu with a reasonable reserve price, presenting a calculated investment opportunity. Its location in Vallanchery adds to its potential, but further due diligence is recommended before bidding. The auction terms are standard.