Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611641
Bank Name:Indian Overseas Bank
Branch Name:REGIONAL OFFICE : Kancheepuram
Reserve Price:₹4,72,500
EMD:₹47,250
Auction Time:11:00 am to 4:00 pm
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-19
Bid Start Date:2025-11-20
Property Description
This is a residential plot located in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The property is being auctioned by Indian Overseas Bank under the SARFAESI Act. The borrower for this property is Mr. R. Velmurugan. This presents a valuable opportunity to acquire land in a developing area.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpattu Taluk
Asset Category:Residential
Full Address:250A, Ashikka-Phase-l, Pallava Garden, Plot No.250, Unit No.250A, Ashikka-Phase-l, Pallava Garden, Pulipakkam village, Chengalpattu Taluk, Chengalpattu District, Pulipakkam village, Chengalpattu
Building/Society:Ashikka-Phase-l, Pallava Garden
Size:375 Sq.ft
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential plot in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The auction will take place on November 20, 2025, starting at 11:00 AM and concluding at 4:00 PM. The reserve price for this auction is ₹4,72,500, with an Earnest Money Deposit (EMD) of ₹47,250. This is a direct opportunity to purchase property from the bank.
Borrower Name:Mr.R.Velmurugan
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Not Known
Encumbrance Details:Not Known to Bank
Why This Property
The property presents a calculated opportunity given its location in Chengalpattu and affordable reserve price. While the property details are limited, the residential plot with an apartment could attract local buyers or investors. However, due diligence is crucial to ascertain the exact property condition and legal status before bidding.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : Kancheepuram
Service Provider:BAANKNET
Contact Details:
Vivek Kumar Tiwari
Contact no:8925951886
