Apartments/Flat for sale in Tiruvallur, Tiruvallur, Tamil Nadu
Asset Details
Reserve Price:
Date of E-Auction: 28/Jan/2025 01:00 
Assets Code: BOA-EB-356520
Ownership Type: Freehold 
Status of Possession: Symbolic
Carpet Area (Sq feet): None
Builtup Area (Sq feet): NA
Address
All the piece and parcel of an apartment bearing HIG FLAT NO 7 , Block No B-1 , First Floor , Moon Enclave Apartment , 6th Main Road, Mogapair Eri Scheme , Chennai 600037, and land measuring to an extent of 56.97 Sq Meter or 613.22 Sq Ft of undivided share , together with 91.72 Sq Meter or 982.43 Sq feet of Building comprised in Sr No 442 part of Mogappair Villagae Ambattur Taluk , Thiruvallur
Additional Details
All the piece and parcel of an apartment bearing HIG FLAT NO 7 , Block No B-1 , First Floor , Moon Enclave Apartment , 6th Main Road, Mogapair Eri Scheme , Chennai 600037, and land measuring to an extent of 56.97 Sq Meter or 613.22 Sq Ft of undivided share , together with 91.72 Sq Meter or 982.43 Sq feet of Building comprised in Sr No 442 part of Mogappair Villagae Ambattur Taluk , Thiruvallur
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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.
