Apartments/Flat for sale in Chennai, Chennai, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 27/Jan/2025 11:00 
Assets Code: BOA-EB-278481
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
Plot No.24A, in Door No.33,Old No.9,Old No.12,Previously Andavar Nagar Second Street, Presently Bharathi Street, Gandhi Nagar, Saligramam, Chennai -600 093,
Additional Details
All that piece and parcel 360 Sq.ft of Undivided share in the Total land extent 1003 Sq.ft together with Flat No.F1, in the First Floor in the Residential Apartment namely “ Kumara Flats” having a built up area 871 Sq.ft (including all common rights, together with One Covered Car Parking ) bearing Plot No.24A, in Door No.33,Old No.9,Old No.12,Previously Andavar Nagar Second Street, Presently Bharathi Street, Gandhi Nagar, Saligramam, Chennai -600 093, comprised in R.S.No.4,as per extract from the Town Survey Land Register dated : 02.03.2017 bearing town Survey No.57, Old Survey No.4/1A1A1A part, 4/1B part, in Block No.23 of at No.110 Saligramam Village, Egmore – Nungambakkam Taluk, now Mambalam Taluk
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Insights
Seller’s Reserve Price
The reserve price set by the seller for a property auction excludes all property-related dues like taxes, utilities, maintenance, and industrial authority fees.
Earnest Money Deposit (EMD)
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Possession Status
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SARFAESI Act
The SARFAESI Act, an abbreviation for the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, is legislation implemented in India to empower banks and financial institutions in efficiently recovering their non-performing assets (NPAs). This act grants banks the authority to seize and sell properties of defaulting borrowers without court intervention, providing a legal framework for the swift resolution of distressed assets. By enabling banks to enforce their security interests effectively, the SARFAESI Act significantly aids in loan recovery and upholds financial system stability. Access the Act here.
