Plot for auction Plot Nos Thirumullaivoyal Villa Ambattur Chennai by City Union Bank

Located in the well-established area of Ambattur, Chennai, Tamil Nadu, this residential property comprises two plots, identified as Plot Nos. 4 and 5, with a combined extent of 1,965 square feet, situated at Ibrahim Cross Street, Chozhapuram. The property boasts a strategic position with clear boundaries, including a 20-foot public road frontage on the south, and is surrounded by established residential sites. The plots are part of a subdivision plan approved by Avadi Municipality. Accompanying the land is a structure offering approximately 600 sq. ft. of built-up area on the ground floor, with undivided share in the common land. Ambattur is a rapidly developing locality offering excellent connectivity to major arterial roads, commercial hubs, and essential amenities such as schools, hospitals, and shopping centers, making it an attractive prospect for both residential living and potential rental income. This property represents a chance to acquire a tangible asset in a sought-after urban expansion zone.

This property presents an exceptional opportunity for astute investors and first-time homebuyers looking to enter the Chennai real estate market through a transparent SARFAESI auction conducted by City Union Bank. The auction process is straightforward, requiring interested parties to submit their applications by July 30, 2025, 05:00 PM. The bidding will take place on July 31, 2025, commencing at 11:00 AM and concluding at 01:00 PM. A crucial requirement for participation is the Earnest Money Deposit (EMD) of INR 110,000.00, which underscores your commitment to the purchase. The reserve price is set at INR 1,100,000.00, offering a compelling entry point into a property with significant potential. For further details or clarification, prospective buyers can reach out to the Credit Recovery and Management Department at City Union Bank via telephone at 044-26575151 or mobile at 9344038641. Understanding these procedural aspects is key to navigating bank auctions successfully.