Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610076
Bank Name:Indian Bank
Branch Name:Zonal Office
Reserve Price:₹19,60,000
EMD:₹1,96,000
Bid Increment:₹10,000
Auction Time:10:00 A.M. to 4:00 P.M.
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-19
Property Description
This is a residential plot located in the Kancheepuram District of Chennai, Tamil Nadu. The property is being auctioned by Indian Bank under the SARFAESI Act. Ideal for residential development, this plot offers a valuable investment opportunity in a growing area.
State:Tamil Nadu
City:Chennai
Area:Kancheepuram District
Asset Category:Residential
Full Address:460, Sri Gayathri Mega Nagar @ Sri Gayathri Co-operative Mega Nagar, Plot No.460, Sri Gayathri Mega Nagar @ Sri Gayathri Co-operative Mega Nagar in Plot approved No. CMDA Vide No.32/2003 situated at No.63. Naduveerampattu Village, Sriperumbudur Taluk, now Kundrathur Taluk, Kanchipuram District., Naduveerampattu Village, Chennai
Building/Society:Sri Gayathri Mega Nagar @ Sri Gayathri Co-operative Mega Nagar
Size:1650 Sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Kancheepuram District, Chennai. The auction starts on November 19, 2025, at 10:00 AM and concludes at 4:00 PM on the same day. The reserve price for this auction is ₹19,60,000, with an Earnest Money Deposit (EMD) of ₹1,96,000. This is an excellent opportunity to acquire a plot in a desirable location.
Borrower Name:M/s Yashee Super Market
Auction Type:SARFAESI Auction
Guarantor Names:Mr. V. Rahul, Mrs. Gomathi
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The property is a vacant plot in a developing area of Chennai, offering potential for future appreciation. The reserve price is relatively moderate, and the auction terms are standard. However, further due diligence is needed to assess the specific development potential and market demand in the Sri Gayathri Mega Nagar locality.
Contact Details
Branch:Branch Office : Zonal Office
Service Provider:BAANKNET
Contact Details:
Contact no: —
