Apartments/Flat for sale in Chennai, Chennai, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 10/Jan/2025 11:30 
Assets Code: BOA-EB-304428
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): 810.00
Builtup Area (Sq feet): NA
Address
All that piece and parcel of vacant house site mesuring 385 sq ft Undivided share of land out of 4800sq ft, having plinth area of 810 sq ft bearing Flat No. BS1, 2ND Floor, Plot No. 1229, Layout approved vide DT AND cp no 313 of 1973, comprised in Old survey nos. 126, patta no 13009 and 13113 as pr patta new S no 126/13, 133/50, 133/51, 133/50C & 133/51c of Maddippakam Village, Sholinganallur taluk, formerly in tambaram taluk, Kancheepuram Dist.Bounded on theNorth by: XV Main Road Ram Nagar SouthSouth By: Plot No. 1230East by: plot No. 1231 andWest by: Plot no. 1227with in the Sub Registration Sub District of Velachery and Registration District of Chennai South
Additional Details
Details of Property:(Property is in the name of Mrs. Vengatalakshmi V)All that piece and parcel of vacant house site measuring 385 sq.ft. Undivided Share of land out of 4800 sq.ft., having plinth area of 810 sq.ft. bearing Flat No.BS1, Second floor, Plot No.1229 (now sub divided as Plot No.1 vide Sub Division approved No.00107/2015, in Ram Nagar South, Madipakkam, Chennai – 600091, signed by Corporation Office Chennai, South Zone), Layout approved vide DT & CP No.313 of 1973, comprised in Old Survey Nos.126, patta Nos.13009 & 13113, as per Patta New S.Nos.126/13, 133/50, 133/51, 133/50C & 133/51C of Madippakam Village, Sholinganallur taluk, formerly in Tambaram Taluk, Kancheepuram District andBounded on theNorth by : XV Main Road Ram Nagar SouthSouth by : Plot No.1230East by : Plot No.1231 andWest by : Plot No.1227Measuring East to West on the Northern side : 60 feetEast to West on the Southern side : 60 feetNorth to South on the Eastern side : 80 feetNorth to South on the Western side : 80 feetWithin the Sub-Registration Sub District of Velachery and Registration District of Chennai South
The Buying Process
How to buy properties from banks? We're here to guide you through the process, making your
property acquisition journey seamless and hassle-free.
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)
The earnest money deposit (EMD) is the minimum amount paid by the buyer to the seller institution to confirm participation in the auction. If the bidder is unsuccessful, the EMD is refundable. However, it will be forfeited in the event of non-payment after winning the auction.
Did you know?
Loan Availability
We recognize the difficulties of securing a loan for auction properties. That's why BankofStressedAssets.com has teamed up with handpicked banks that specialize in providing loans for such properties. With our streamlined loan process, you can confidently explore financing options and make purchasing property more accessible.
Request a Visit of the Property
Indicate your interest in a property by requesting a visit through BankofStressedAssets.com. Simply click on "I am interested," and we'll liaise with the authorized bank officer to schedule a convenient property tour. This enables you to personally inspect the property and make an informed decision.
Possession Status
BankofStressedAssets.com offers details regarding the possession status of properties. Physical possession indicates that the property is secured, with the seller institution holding the keys. Symbolic possession means the seller institution possesses legal rights, yet physical possession remains pending. Understanding the possession status provides insight into the property's present condition.
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.
