Property for Auction in Ayappakkam, Tiruvallur, Tamil Nadu
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610330
Bank Name:State Bank of India
Branch Name:Chennai
Reserve Price:₹1,77,00,000
EMD:₹17,70,000
Bid Increment:₹1,00,000
Auction Time:11:30 a.m. to 12:30 p.m.
Service Provider:BAANKNET
Submission Date:2025-11-23
Bid Start Date:2025-11-24
State Bank of India presents an exciting opportunity to acquire a prime plot of land in Ayappakkam, Tiruvallur, Tamil Nadu. This residential plot, located in a developing area, offers immense potential for building your dream home or for investment purposes. The property is being auctioned by the State Bank of India under the SARFAESI Act. The reserve price is set at ₹1,77,00,000 with an Earnest Money Deposit (EMD) of ₹17,70,000. Don't miss this chance to own a piece of desirable real estate in Tiruvallur.
State:Tamil Nadu
City:Tiruvallur
Area:Ayappakkam
Asset Category:Residential
Full Address:7, Bhavani Nagar, Plot No.7, Jayaraman Street, Bhavani Nagar, Ayappakkam, Thiruvallur-600077, Ayappakkam, Tiruvallur
Building/Society:Bhavani Nagar
Size:2400 Sq. ft.
This is a SARFAESI auction conducted by the State Bank of India for a residential plot located in Ayappakkam, Tiruvallur, Tamil Nadu. The auction will commence on November 24, 2025, at 11:30 AM and conclude on the same day at 12:30 PM. The reserve price for this valuable plot is ₹1,77,00,000, with a required EMD of ₹17,70,000. This is a unique opportunity to purchase a plot of land directly from the bank. Ensure all bidding requirements are met before participating.
Borrower Name:Mr. S. Jaganathan
Auction Type:SARFAESI Auction
Possession Status:Symbolic
Encumbrance Details:NIL
The plot in Ayappakkam presents a decent opportunity given its location and size. The reserve price is reasonable, but potential investors should conduct thorough due diligence on the local market conditions and growth prospects before bidding. Overall, it's a calculated risk with moderate potential returns.
Branch:Branch Office : Chennai
Service Provider:BAANKNET
Contact Details:
Mrs. Umaa Gopal
Contact no:9442649601