Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610743
Bank Name:Indian Bank
Branch Name:Stressed Assets Management Branch
Reserve Price:₹27,00,000
EMD:₹2,70,000
Bid Increment:₹10,000
Auction Time:11:00 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
An agricultural plot located in the Madhurantakam taluk of Kanchipuram district, Tamil Nadu. This residential asset is part of a SARFAESI auction conducted by Indian Bank. The property is offered as a plot, providing a canvas for various development possibilities. Situated in a well-known region, it presents an opportunity for investment.
State:Tamil Nadu
City:Kanchipuram
Area:Madhurantakam taluk
Asset Category:Residential
Full Address:62, Teachers Lalith Nagar, Plot No.62, Teachers Lalith Nagar, No.8, Pukkathurai village, Madhuranthakam Taluk, Kancheepuram District, Pukkathurai Village, Kanchipuram
Building/Society:Teachers Lalith Nagar
Size:2680 Sq. ft.
Auction Description
Indian Bank is holding a SARFAESI auction for a residential plot in Madhurantakam taluk, Kanchipuram, Tamil Nadu. The auction will take place on November 19, 2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this property is ₹27,00,000, with an Earnest Money Deposit (EMD) of ₹2,70,000 required to participate. This is a unique opportunity to acquire a plot in a developing area.
Borrower Name:Mr. P. Chandrasekar
Auction Type:SARFAESI Auction
Guarantor Names:Smt. C. Bhuvaneswari
Legal Details
Possession Status:Physical
Encumbrance Details:Nil
Why This Property
The plot is located in a developing area and is DTCP approved, making it a reasonable investment opportunity. The reserve price is moderate, and the location in Kanchipuram adds potential for future appreciation. However, further due diligence is recommended to assess the long-term growth prospects of the area.
Contact Details
Branch:Branch Office : Stressed Assets Management Branch
Service Provider:BAANKNET
Contact Details:
Contact no: —
