Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611061
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch - II
Reserve Price:₹9,50,000
EMD:₹95,000
Bid Increment:₹25,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:24-11-2025 05:00 PM
Bid Start Date:2025-11-25
Property Description
This auction features a plot of land located in Thimmasamuduram, Kanchipuram, Tamil Nadu. The property is being auctioned by the State Bank of India under SARFAESI Act. It is a vacant land parcel, ideal for residential development or investment purposes. The area offers a blend of tranquility and accessibility, making it an attractive location. Detailed site inspection is recommended for interested bidders.
State:Tamil Nadu
City:Kanchipuram
Area:Thimmasamuduram
Asset Category:Residential
Full Address:Plot No. 4, Rajivgandhi Nagar, No. 59- Thimmasamuduram Village, Kanchipuram District., Thimmasamuduram, Kanchipuram
Building/Society:Rajivgandhi Nagar
Size:1331 sq. ft.
Auction Description
State Bank of India presents a SARFAESI auction for a residential land parcel in Thimmasamuduram, Kanchipuram. The reserve price is ₹9,50,000, with an Earnest Money Deposit (EMD) of ₹95,000 required. The auction will be conducted online on November 25, 2025, starting at 11:00 AM and concluding at 04:00 PM. This is a significant opportunity for buyers looking to acquire property in the Kanchipuram region. Ensure all documentation is in order before bidding.
Borrower Name:Mr Tessy Sees
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
The property is a plot of land in a developing locality of Kanchipuram. While the reserve price seems reasonable, further due diligence is needed to assess market potential and any hidden costs. This auction could be a viable investment opportunity, given careful planning and market assessment.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch - II
Service Provider:BAANKNET
Contact Details:
Kailash Chandra Meena
Contact no:9790960729
