Plot for Auction Katrambakkam Kanchipuram 12 Lakh by Bank of India
Katrambakkam, Kanchipuram
Area: 1129 sq. ft.
Mynavathi Flats, Plot No. 12, Royal Homes, No. 98, Katrambakkam Revenue Village, Sriperumbudur Taluk, Kancheepuram District
Bank of India · CHENNAI ASSET RECOVERY BRANCH
Reserve price
₹12,00,000
EMD ₹1,20,000
Auction date
28 Jul 2026, 11:00 AM
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Quick read
- ▸Possession: Symbolic
- ▸Area: 1129 sq. ft.
- ▸Locality: Katrambakkam
- ▸Reserve: ₹12,00,000
- ▸EMD: ₹1,20,000
Auction snapshot
| Possession | Symbolic |
| Property type | Plot · Residential |
| Locality | Katrambakkam |
| Built-up / plot area | 1129 sq. ft. |
| Lender | Bank of India |
| Branch | CHENNAI ASSET RECOVERY BRANCH |
| Unit / flat no. | S-1 |
| Building / society | Mynavathi Flats |
| Floor | 2nd Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹50,000 |
| Service provider | BAANKNET |
About this property
Plot bank auction in Katrambakkam, Kanchipuram by Bank of India — reserve price ₹12,00,000, 1129 sq. ft., Symbolic possession.
Participate in this exclusive bank auction property opportunity featuring a residential flat in 'Mynavathi Flats', located in the prime area of Katrambakkam, Sriperumbudur. This property includes a super built-up area of 1129 sq. ft. situated on the 2nd floor, complete with an undivided share of land and covered parking. Located in the well-known 'Royal Homes' layout, this flat offers great connectivity within the Kancheepuram district. With a reserve price of ₹12,00,000 and an EMD of ₹1,20,000, this auction represents a significant investment potential for homebuyers and investors looking for residential real estate in Tamil Nadu. The e-auction is scheduled for July 28, 2024. Interested bidders must complete their submission by July 27, 2024, to participate in this bank-led sale.
GeoSquare note: The property is located in a developing area of Sriperumbudur, offering a competitive entry price for a residential unit. While the investment appeal is decent for budget-conscious buyers, the symbolic possession status and the need for thorough due diligence on local encumbrances keep it as a fair option rather than a prime investment.
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