Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:613410
Bank Name:City Union Bank
Branch Name:Credit Recovery and Management Department
Reserve Price:₹24,00,000
EMD:₹2,40,000
Auction Time:01.00 p.m.
Service Provider:Public Auction
Important Dates
Submission Date:25-11-2025 12:00 PM
Bid Start Date:2025-11-25
Property Description
This is a residential plot located in Cheyyur, Kanchipuram, Tamil Nadu. The property is part of a SARFAESI auction conducted by City Union Bank. It presents a potential investment opportunity in a developing area.
State:Tamil Nadu
City:Kanchipuram
Area:Cheyyur
Asset Category:Residential
Full Address:167, Srinivasa Nagar (renamed as VGP Gold Win), Plot No. 167, Srinivasa Nagar (renamed as VGP Gold Win), Survey No.292/1K of Thenpakkam Village, Cheyyur, Kanchipuram
Building/Society:Srinivasa Nagar (renamed as VGP Gold Win)
Size:1920 Sq.ft.
Auction Description
City Union Bank is holding a SARFAESI auction for a residential plot in Cheyyur, Kanchipuram, Tamil Nadu. The auction will take place on November 25, 2025, from 1:00 PM to 2:00 PM. The reserve price is ₹24,00,000, with an Earnest Money Deposit (EMD) of ₹2,40,000. This is a unique opportunity to acquire property through a bank auction.
Borrower Name:M/s. Truth Logistics
Auction Type:SARFAESI Auction
Guarantor Names:Mr. R. Jayapal, Mrs. Dayanithi
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a plot in a developing area, offering potential for future appreciation. The reserve price is reasonable, but further due diligence is needed to assess the full investment potential. A calculated approach is recommended given the location and auction terms.
Contact Details
Branch:Branch Office : Credit Recovery and Management Department
Service Provider:Public Auction
Contact Details:
Contact no:044-27463995
