Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609540
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch - II
Reserve Price:₹57,61,000
EMD:₹5,76,100
Bid Increment:₹50,000
Auction Time:11:00 AM to 04.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:03-12-2025 05:00 PM
Bid Start Date:2025-11-19
Property Description
This offering features a residential plot located in Kundrathur, Kanchipuram, Tamil Nadu. The property is being auctioned by the State Bank of India under SARFAESI regulations. It presents a potential opportunity for development or investment in a growing area. The plot's specific dimensions and boundaries would be detailed in the full auction documents.
State:Tamil Nadu
City:Kanchipuram
Area:Kundrathur.
Asset Category:Residential
Full Address:A4, Alex Nagar, Plot No. A4, Alex Nagar, Mangadu, Mangadu, Chennai
Building/Society:Alex Nagar
Size:1168 Sq.ft.
Auction Description
The State Bank of India is conducting a SARFAESI auction for a residential plot in Kundrathur, Kanchipuram. The auction will take place on December 4, 2025, from 11:00 AM to 4:00 PM. The reserve price is set at ₹57,61,000, with an Earnest Money Deposit (EMD) of ₹5,76,100 required to participate. This is a prime opportunity to acquire property through a transparent banking auction process.
Borrower Name:Mr Bharathirajan A
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in a developing area with a reasonable reserve price. However, the symbolic possession status and lack of immediate return potential temper the investment appeal. It's a calculated opportunity suitable for long-term investors.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch - II
Service Provider:BAANKNET
Contact Details:
Smt. M.Sathiavanimuthu
Contact no:9884474857
