Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.2
Auction ID:611642
Bank Name:Indian Overseas Bank
Branch Name:REGIONAL OFFICE : Kancheepuram
Reserve Price:₹68,70,900
EMD:₹6,87,090
Bid Increment:₹75,000
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 prime residential plot located in Tambarm, Kanchipuram, Tamil Nadu. The property is being auctioned by Indian Overseas Bank under the SARFAESI Act. It offers a great opportunity for investment or development in a well-connected area. The plot is situated in a developing region with potential for future appreciation.
State:Tamil Nadu
City:Kanchipuram
Area:Tambarm
Asset Category:Residential
Full Address:372, KUBERA NAGAR LAYOUT, Plot No.372 Part (Eastern side portion), KUBERA NAGAR LAYOUT, presently KUBERAN NAGAR EXTENSION 14th Street, Madipakkam Village, Tambaram, Chennai
Building/Society:KUBERA NAGAR LAYOUT
Size:1815 Sq.ft.
Auction Description
Indian Overseas Bank is conducting an online SARFAESI auction for a residential plot in Tambarm, Kanchipuram. The auction will take place on November 20, 2025, starting at 11:00 AM and ending at 04:00 PM. The reserve price for this property is ₹68,70,900, with an EMD of ₹6,87,090 required to participate. This is a public auction and interested bidders are encouraged to review all terms and conditions before participating.
Borrower Name:Mr. Vinodh. M
Auction Type:SARFAESI Auction
Legal Details
Encumbrance Details:Not Known to Bank
Why This Property
The property is a well-located plot in Tambaram, a developing area of Chennai. The reserve price seems reasonable for the location and size, making it a potentially good investment. Interested buyers should conduct thorough due diligence before bidding.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : Kancheepuram
Service Provider:BAANKNET
Contact Details:
Mr. Hanok Nuthalapaty
Contact no:8925950087
