Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613871
Bank Name:Punjab National Bank
Branch Name:ASSET RECOVERY MANAGEMENT BRANCH
Reserve Price:₹20,70,000
EMD:₹2,07,000
Bid Increment:₹1,00,000
Auction Time:10:00 am to 4:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:26-11-2025 04:00 PM
Bid Start Date:2025-11-26
Property Description
This auction features a parcel of land located in Sriperumbudur Taluk, Kanchipuram, Tamil Nadu. The property is categorized as residential land and is being auctioned by Punjab National Bank under SARFAESI laws. This is a prime opportunity to acquire land in a developing region.
State:Tamil Nadu
City:Kanchipuram
Area:Sriperumbudur Taluk
Asset Category:Residential
Full Address:F-1, JOY HOMES APARTMENT, No.111, Varadharajapuram Village, Sriperumbudur Taluk, Varadharajapuram, Kancheepuram
Building/Society:JOY HOMES APARTMENT
Size:426 Sq. ft.
Auction Description
Punjab National Bank is conducting a SARFAESI auction for a residential land parcel in Sriperumbudur Taluk, Kanchipuram, Tamil Nadu. The auction will take place on November 26, 2025, from 10:00 AM to 4:00 PM. The reserve price is INR 20,70,000, with an EMD of INR 2,07,000. This is a direct opportunity to bid on a bank-auctioned property.
Borrower Name:Mr.Kamalakannan.K
Auction Type:SARFAESI Auction
Guarantor Names:Mrs.K.Dhatchayani
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property, a land in Sriperumbudur, offers a decent investment opportunity. The reserve price seems reasonable, but potential buyers should carefully evaluate the location, surrounding development, and auction terms before bidding. Given the symbolic possession status, due diligence is recommended.
Contact Details
Branch:Branch Office : ASSET RECOVERY MANAGEMENT BRANCH
Service Provider:BAANKNET
Contact Details:
Contact no: —
