Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612515
Bank Name:Canara Bank
Branch Name:Specialised ARM Branch
Reserve Price:₹69,50,000
EMD:₹6,95,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 12:00 Noon
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-23
Bid Start Date:2025-11-24
Property Description
This is a prime plot of land located in the burgeoning area of Kundrathur, Kanchipuram, Tamil Nadu. Situated within a well-connected locality, this residential plot offers excellent potential for development or personal use. Its strategic location provides easy access to essential amenities and transportation links, making it an attractive investment opportunity in a rapidly growing region.
State:Tamil Nadu
City:Kanchipuram
Area:Kundrathur.
Asset Category:Residential
Full Address:10C, Shanmuga Nagar, Plot No. 10C, Survey No. 529, Old Patta No. 9409, Patta Sub-division Survey No.529/18, New Patta No. 18230, Patta Sub-division Survey No. 529/1B1, Shanmuga Nagar Layout, No. 62, Varadharajapuram Village, Sriperumbudur Taluk, now Kundrathur Taluk, Kundrathur, Kanchipuram
Building/Society:Shanmuga Nagar
Size:5727 sq. ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Kundrathur, Kanchipuram, Tamil Nadu. The auction will take place on November 24, 2025, from 11:00 AM to 12:00 PM. The reserve price for this valuable asset is ₹69,50,000, with an Earnest Money Deposit (EMD) of ₹6,95,000 required. This is a unique chance to acquire a plot in a sought-after area directly through a bank auction.
Borrower Name:M/s. Bala Distributor
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Balamurugan V A
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Kundrathur offers a decent investment prospect due to its size and location in a developing area. While not a prime investment, the reserve price and auction terms make it a calculated opportunity for those seeking land investments. Further due diligence is advised to assess the full potential and risks.
Contact Details
Branch:Branch Office : Specialised ARM Branch
Service Provider:BAANKNET
Contact Details:
Contact no:9740145622
