Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611612
Bank Name:Indian Overseas Bank
Branch Name:REGIONAL OFFICE : Kancheepuram
Reserve Price:₹19,18,875
EMD:₹1,91,888
Bid Increment:₹25,000
Auction Time:11:00 am to 4:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
An agricultural land parcel located in the Chengalpattu Taluk of Kanchipuram district, Tamil Nadu. This land, formerly belonging to Mr. G Sivakumar, is being auctioned by Indian Overseas Bank under SARFAESI regulations. The property offers potential for agricultural use or future development in a growing region. It is situated in a prime location with good connectivity.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpattu Taluk
Asset Category:Residential
Full Address:11-A and 11-B, Maragatham Nagar, Plot Nos.11-A and 11-B Maragatham Nagar, Vallanchery Village, Chengalpattu District-603202, Vallanchery, Chengalpattu
Building/Society:Maragatham Nagar
Size:2940 Sq.ft
Auction Description
Indian Overseas Bank presents a SARFAESI auction for a land parcel in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The auction will take place on November 20, 2025, from 11:00 AM to 4:00 PM. The reserve price for this residential land is INR 19,18,875, with an Earnest Money Deposit (EMD) of INR 1,91,888 required to participate. This is a significant opportunity to acquire land in a developing area.
Borrower Name:Mr. G Sivakumar
Auction Type:SARFAESI Auction
Why This Property
The property is a land in a developing area with moderate investment appeal due to the affordable reserve price. While the location is not prime, the plot size and auction terms make it a calculated risk. Further due diligence on local market conditions is advised before bidding.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : Kancheepuram
Service Provider:BAANKNET
Contact Details:
Mr. R S Vinayan
Contact no:7094753626
