Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611611
Bank Name:Indian Overseas Bank
Branch Name:REGIONAL OFFICE : Kancheepuram
Reserve Price:₹20,52,113
EMD:₹2,05,212
Bid Increment:₹25,000
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 plot of land located in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The property is being auctioned by Indian Overseas Bank under SARFAESI regulations. It falls under the residential asset category, presenting an excellent opportunity for development or investment in a growing region. The land offers a solid foundation for building your dream home or a valuable asset for your portfolio.
State:Tamil Nadu
City:Kanchipuram
Area:Chengalpattu Taluk
Asset Category:Residential
Full Address:11-A and 11-B, Maragatham Nagar, Plot Nos. 11-A and 11-B Maragatham Nagar, Vallanchery Village, Chengalpattu District-603202, Vallanchery, Chengalpattu
Building/Society:Maragatham Nagar
Size:2940 Sq.ft
Auction Description
Indian Overseas Bank is conducting a SARFAESI auction for a residential land parcel in Chengalpattu Taluk, Kanchipuram, Tamil Nadu. The auction will commence on November 20, 2025, at 11:00 AM and conclude at 04:00 PM on the same day. The reserve price for this land is INR 20,52,113.00, with an Earnest Money Deposit (EMD) of INR 2,05,212.00 required to participate. This is a legal auction opportunity for interested buyers.
Borrower Name:Mr.S Suresh
Auction Type:SARFAESI Auction
Why This Property
The property is a plot of land in Chengalpattu, a developing area, offered at a reasonable price point. While not a prime investment, the location and land size suggest a calculated opportunity for potential development or future appreciation. The auction terms seem standard, requiring careful evaluation of local market conditions.
Contact Details
Branch:Branch Office : REGIONAL OFFICE : Kancheepuram
Service Provider:BAANKNET
Contact Details:
AUTHORISED OFFICER
Contact no: —
