Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:610098
Bank Name:State Bank of India
Branch Name:Stressed Asset Recovery Branch
Reserve Price:₹29,14,000
EMD:₹2,91,400
Bid Increment:₹25,000
Auction Time:11.00 AM to 4.00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:11-11-2025 05:00 PM
Bid Start Date:2025-11-11
Property Description
A prime plot of land located in the rapidly developing Chengalpet area of Chennai, Tamil Nadu. This residential land offers a great opportunity for investment or development in a growing region. Proximity to essential amenities and infrastructure makes it an attractive proposition.
State:Tamil Nadu
City:Chennai
Area:Chengalpet
Asset Category:Residential
Full Address:Plot No.4 & 5, Sri Sai Shelter, Sushil Nagar, Plot No.4 & 5, Flat No.G-1,Ground floor, Sri Sai Shelter, Sushil Nagar, Unamanchery, Unamanchery, Chennai
Building/Society:Sri Sai Shelter, Sushil Nagar
Size:4137 sq.ft
Auction Description
State Bank of India presents a SARFAESI auction for a residential land parcel in Chengalpet, Chennai. The auction begins on November 11, 2025, at 12:00 PM and concludes at 04:00 PM on the same day. The reserve price is set at ₹29,14,000, with an Earnest Money Deposit (EMD) of ₹2,91,400. This is a direct opportunity to acquire valuable real estate.
Borrower Name:Mr. A. Joshua
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Symbolic
Encumbrance Details:Not Known to Bank
Why This Property
The property is a vacant land plot located in a developing area of Chennai. Its affordability and auction terms present a calculated opportunity for investors or individuals looking to build. However, potential buyers should conduct thorough due diligence regarding location development and encumbrances.
Contact Details
Branch:Branch Office : Stressed Asset Recovery Branch
Service Provider:BAANKNET
Contact Details:
K. Ranjeethkumar
Contact no:9486848516
