Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:609449
Bank Name:State Bank of India
Branch Name:Chennai
Reserve Price:₹63,65,000
EMD:₹6,36,500
Bid Increment:₹50,000
Auction Time:11.30 A.M to 12.30 P.M
Service Provider:BAANKNET
Important Dates
Submission Date:2025-11-12
Bid Start Date:2025-12-12
Property Description
This auction features a residential plot located in Chengalpet, Chennai, Tamil Nadu. The property is offered by the State Bank of India as part of a SARFAESI auction. This is a great opportunity to acquire land in a developing area of Chennai.
State:Tamil Nadu
City:Chennai
Area:Chengalpet
Asset Category:Residential
Full Address:A1, Sri Ganesh Nagar Extension, Plot No.A1, Sri Ganesh Nagar Extn, Vengadamangalam, Chengalpattu, Tamilnadu-600 127, Vengadamangalam, Chennai
Building/Society:Sri Ganesh Nagar Extension
Size:827 Sq.ft.
Auction Description
The State Bank of India is conducting an online SARFAESI auction for a residential plot in Chengalpet, Chennai. The auction will take place on December 12, 2025, with bidding open from 11:30 AM to 12:30 PM. The reserve price for this auction is ₹63,65,000, with an Earnest Money Deposit (EMD) of ₹6,36,500 required to participate. This auction is conducted under the SARFAESI Act.
Borrower Name:Mrs. C. Pushpa
Auction Type:SARFAESI Auction
Guarantor Names:Mr. C. Rajkumar
Legal Details
Possession Status:Symbolic
Encumbrance Details:NIL
Why This Property
The property is a residential plot in a developing area near Chennai, offering potential for appreciation. The reserve price is reasonable, but further due diligence is recommended. The 'Symbolic' possession status should be considered.
Contact Details
Branch:Branch Office : Chennai
Service Provider:BAANKNET
Contact Details:
Mrs. Umaa Gopal, Chief Manager
Contact no:9442649601
