Apartments/Flat for sale in Chennai, Chennai, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 27/Jan/2025 11:30 
Assets Code: BOA-EB-356254
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
FLAT NO/. S1, 2ND FLOOR“LAKSHMI SREE VAIGUNDAM FLATS”PLOT NO. 26, VIVEKANANDA NAGAR, KORATTUR, CHENNAI - 600050
Additional Details
All that piece and parcel of undivided share of land and flat, being 408 sq.ft., UDS out of 1200 Sq.ft, together with Residential Flat No.S-1, in Second floor, Built up area 1286 sq.ft., includes common area, flats name known as "LAKSHMI SREE VAIGUNDAM FLATS", bearing Plot No.26, in the layout name known as "VIVEKANANDA NAGAR" under approved DTCP.No.221/ 1974, Comprised in S.No.34/1 D, T.S.No.303, Block No.22, Ward-E old Survey No.34/D Part, Situated at KORATTUR VILLAGE, Ambattur Taluk, Thiruvallur District, Chennai District and being bounded on the;North by: Remaining Portion of Vendor Plot,South by: Neelambal Property (Plot No.27), East by: Ramakrishnan property (Plot No.15), West by: 12 feet road.And situated within the Registration District of CENTRAL CHENNAI and Sub Registration District of VILLIVA KKAM. This property lies within the limits of Greater Chennai Corporation.
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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.
