Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:611287
Bank Name:State Bank of India
Branch Name:Chennai
Reserve Price:₹43,35,000
EMD:₹4,33,500
Bid Increment:₹50,000
Auction Time:11:00 AM to 04:00 PM
Service Provider:BAANKNET
Important Dates
Submission Date:09-12-2025 05:00 PM
Bid Start Date:2025-12-10
Property Description
This is a prime residential plot located in the well-developed area of Kodambakkam, Chennai, Tamil Nadu. The property is being auctioned by the State Bank of India under the SARFAESI Act. Ideal for residential development, this plot offers a great investment opportunity in a sought-after urban location.
State:Tamil Nadu
City:Chennai
Area:Kodambakkam
Asset Category:Residential
Full Address:Plot No.2, Flat No.S-3, Thiru Nagar Fourth Street, Old Door No. 12 A, Door No.45, Thiru Nagar Fourth Street, Vadapalani, Chennai-600026, Vadapalani, Chennai
Building/Society:Thiru Nagar Fourth Street
Size:2969 sq ft
Auction Description
State Bank of India is conducting a SARFAESI auction for a residential plot in Kodambakkam, Chennai. The auction will take place on December 10, 2025, from 11:00 AM to 4:00 PM. The reserve price for this property is INR 43,35,000, with an Earnest Money Deposit (EMD) of INR 4,33,500. This is a direct opportunity to acquire a valuable plot through a transparent bank auction process.
Borrower Name:Shri. Ponnusamy
Auction Type:SARFAESI Auction
Guarantor Names:Smt.Mallika, Smt. Thatchayini
Legal Details
Possession Status:Physical
Encumbrance Details:NIL
Why This Property
This property presents a calculated opportunity due to its Chennai location and plot size, but the relatively lower score is because the property is a plot with a flat and requires investment. The reserve price appears reasonable for the area, but potential investors should carefully assess the property's condition and complete due diligence before bidding.
Contact Details
Branch:Branch Office : Chennai
Service Provider:BAANKNET
Contact Details:
Smt. Meenakumari.P
Contact no:9790960729
