Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.5
Auction ID:609448
Bank Name:State Bank of India
Branch Name:Chennai
Reserve Price:₹53,77,000
EMD:₹5,37,700
Bid Increment:₹50,000
Auction Time:11:30 AM to 12:30 PM
Service Provider:BAANKNET
Important Dates
Submission Date:2025-12-11
Bid Start Date:2025-12-12
Property Description
Discover a prime plot of land in Avadi, Chennai, Tamil Nadu, offered for auction by the State Bank of India. This residential plot presents a fantastic investment opportunity in a developing area. Ideal for building your dream home or for future development, this property is situated in a well-connected locality. Don't miss the chance to own a piece of Avadi.
State:Tamil Nadu
City:Chennai
Area:Avadi
Asset Category:Residential
Full Address:81, SRI DEVI VAISHNAVI NAGAR, Plot No. 81, Easwari Street, Thirumullaivoyal Village, Thirumullaivoyal, Chennai
Building/Society:SRI DEVI VAISHNAVI NAGAR
Size:2320 Sq. ft.
Auction Description
The State Bank of India is conducting a SARFAESI auction for a residential plot in Avadi, Chennai. The auction will commence on December 12, 2025, at 11:30 AM and conclude at 12:30 PM on the same day. The reserve price is ₹53,77,000, with an Earnest Money Deposit (EMD) of ₹5,37,700. This is a unique opportunity to acquire a valuable asset through a transparent bank auction process. Bid wisely!
Borrower Name:Mr. E. Radha Krishnan
Auction Type:SARFAESI Auction
Guarantor Names:Mr. E. Naresh Kumar
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a residential plot in a developing area of Chennai, offered at a reasonable reserve price. While the location offers potential for growth, the symbolic possession status requires careful consideration. The auction terms are standard, suggesting a calculated opportunity for interested buyers.
Contact Details
Branch:Branch Office : Chennai
Service Provider:BAANKNET
Contact Details:
Mrs. Umaa Gopal, Chief Manager
Contact no:9442649601
