Property Type:
Location:
Auction Date:Auction Details
Recommendation:Strong BuyScore: 7.8
Auction ID:611283
Bank Name:State Bank of India
Branch Name:Chennai
Reserve Price:₹58,37,000
EMD:₹5,83,700
Bid Increment:₹50,000
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:10-12-2025 11:00 AM
Property Description
This is a residential plot located in the well-developed area of Vadapalani, Chennai, Tamil Nadu. The property is being auctioned by the State Bank of India under SARFAESI Act. It represents a great opportunity for investment or development in a prime urban location. The plot is situated in a sought-after area, known for its connectivity and amenities.
State:Tamil Nadu
City:Chennai
Area:Vadapalani
Asset Category:Residential
Full Address:Plot No.2, Flat No. S-1, Thiru Nagar, Plot No 2, previously old Door No. 12A, New Door No.45, as per sub-divisional approval Plot No.45-A and 45-B, Thiru Nagar, Fourth Street, Thiru Nagar Main Road, Vadapalani, Chennai 600026, Vadapalani, Chennai
Building/Society:Thiru Nagar
Size:2969 sq ft
Auction Description
State Bank of India is conducting a SARFAESI auction for a residential plot in Vadapalani, Chennai. The auction will take place on 10-12-2025, starting at 11:00 AM and concluding at 04:00 PM. The reserve price for this auction is ₹5,837,000, with an EMD of ₹583,700. This is a direct auction opportunity from the bank, offering a chance to acquire property in a desirable Chennai locality.
Borrower Name:Shri.S.Meganathan
Auction Type:SARFAESI Auction
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The Vadapalani property offers a compelling opportunity due to its location in Chennai and the inclusion of both a plot of land and a flat. The auction terms are standard, and the physical possession status is favorable. A strong buy recommendation is warranted given the area's potential for appreciation.
Contact Details
Branch:Branch Office : Chennai
Service Provider:BAANKNET
Contact Details:
Smt. Meenakumari.P
Contact no:9790960729
