Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612497
Bank Name:Canara Bank
Branch Name:REGIONAL OFFICE, VELLORE
Reserve Price:₹22,57,000
EMD:₹2,25,700
Bid Increment:₹10,000
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-20
Bid Start Date:2025-11-21
Property Description
A prime residential plot located in Cheyyar Taluk, Tiruvannamalai, Tamil Nadu. This plot is offered by Canara Bank as part of a SARFAESI auction. Ideal for residential development, it presents a valuable investment opportunity in a developing area.
State:Tamil Nadu
City:Tiruvannamalai
Area:Cheyyar Taluk
Asset Category:Residential
Full Address:6, Dry S.No. 35/1A1 (Sub Div No. 35/1A1B) (Old Sub Div. No. 35/16A1B1) (Old S.No. 35/16A1B), Plot No.6, Samanthavadi Village, Tiruvannamalai
Size:1375 Sq.ft
Auction Description
Canara Bank is conducting a SARFAESI auction for a residential plot in Cheyyar Taluk, Tiruvannamalai, Tamil Nadu. The auction will take place on November 21, 2025, from 11:30 AM to 12:30 PM. The reserve price is INR 22,57,000, with an Earnest Money Deposit (EMD) of INR 2,25,700 required. This is a significant opportunity to acquire property in the region.
Borrower Name:M/s. Arasu Traders
Auction Type:SARFAESI Auction
Guarantor Names:Mr. E Arasu, Mrs. A Sudha, Mr. A.Gokul
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The plot in Samanthavadi offers a good opportunity due to its location and size. The reserve price is reasonable, but prospective buyers should conduct thorough due diligence. This is a calculated risk with potential for appreciation.
Contact Details
Branch:Branch Office : REGIONAL OFFICE, VELLORE
Service Provider:BAANKNET
Contact Details:
Contact no:9441120911
