Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609516
Bank Name:Indian Bank
Branch Name:ZONAL OFFICE, CHENNAI SOUTH
Reserve Price:₹22,80,000
EMD:₹2,28,000
Bid Increment:₹10,000
Auction Time:10:00 A.M. AND 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 Sriperumbudur Taluk, Kanchipuram, Tamil Nadu. The property is being auctioned by Indian Bank under the SARFAESI Act. It presents a valuable opportunity for investment in a developing area. The plot is situated in a region known for its industrial growth and accessibility.
State:Tamil Nadu
City:Kanchipuram
Area:Sriperumbudur Taluk
Asset Category:Residential
Full Address:289, Adhiparasakthi Nagar (AP Nagar), Plot No.289, S. No. 155/20, as per Patta No.4658 in New Subdivision S. No. 155/1A3, Village No.51, Nemili "A" Village, Layout name "Adhiparasakthi Nagar (AP Nagar)", Nemili "A" Village, Kanchipuram
Building/Society:Adhiparasakthi Nagar (AP Nagar)
Size:2400 Sq. ft.
Auction Description
Indian Bank is conducting a SARFAESI auction for a residential plot in Sriperumbudur Taluk, Kanchipuram, Tamil Nadu. The auction will take place on November 19, 2025, from 10:00 AM to 4:00 PM. The reserve price for this auction is ₹22,80,000, with an Earnest Money Deposit (EMD) of ₹2,28,000 required to participate. This is a prime opportunity to acquire property in a sought-after location.
Borrower Name:Mr. G Prabhu
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Nil
Why This Property
The property is a vacant land plot in Sriperumbudur, a developing area near Chennai, offered at a relatively affordable reserve price. However, the symbolic possession status and lack of immediate income potential classify this as a calculated opportunity for long-term investors. The location and bank auction terms present a moderate risk-reward profile.
Contact Details
Branch:Branch Office : ZONAL OFFICE, CHENNAI SOUTH
Service Provider:BAANKNET
Contact Details:
Contact no:044-24664784
