Auction tomorrow
Flat in Chennai, Tamil Nadu (bank auction)
About this property
This is a 774 sq ft flat in Chennai, Tamil Nadu. Possession is symbolic: the bank has legal possession, but someone may still be occupying the property, which can delay handover.
The reserve price, the lowest price at which the bank will sell, is ₹53,30,000 (₹53.3 L). To bid you first pay an earnest money deposit (EMD) of ₹5,33,000 (about 10% of the reserve price), which must reach the bank by 16 Dec 2026, 11:59 PM IST. Each new bid must be at least ₹25,000 higher than the last. The e-auction is on 16 December 2026 from 2:00 PM to 6:00 PM IST on baanknet.com. The property can be inspected: 14 December 2026, 1 pm to 5 pm.
Property description
Flat No. S2 (back portion) on the second floor, 774 sq ft including common areas and common shares, with one covered car park in the stilt floor and a 312 sq ft undivided share of the land. The land is 1,873 1/4 sq ft at Door No. 2/1 (old Door No. 36), Thiruvalluvar Second Street (Salai), Nesapakkam, Virugambakkam Village, Mambalam Taluk, Chennai District, in previous Survey No. 203/4, old Survey No. 203/6, T.S. No. 104, Block No. 44 (TSLR). The land measures 30 ft east to west on the northern side and 33 ft 6 in on the southern side, and 59 ft north to south on both the eastern and western sides. Virugambakkam sub-registration district, South Chennai registration district. The bank has only symbolic (constructive) possession: the property is not in its physical possession, the buyer purchases it in symbolic possession at their own risk, and the bank will not hand over physical possession.
Boundaries
North by: Property of another owner, South by: Thiruvalluvar Salai, East by: Property of another owner, West by: Property of another owner.
Auction details
- Reserve price
- ₹53,30,000 (₹53.3 L)
- EMD (earnest money deposit)
- ₹5,33,000
- Bid increment
- ₹25,000
- Auction starts
- 16 Dec 2026, 2:00 PM IST
- Auction ends
- 16 Dec 2026, 6:00 PM IST
- Last date for EMD / bids
- 16 Dec 2026, 11:59 PM IST
- Inspection
- 14 December 2026, 1 pm to 5 pm
- Property type
- Flat
- Area
- 774 sq ft
- Possession
- Symbolic
- Location
- Chennai, Tamil Nadu
- Reference
- LA-5568
Auction starts in 1 month.
Before you bid
- Inspect the property on the inspection date.
- Check title, dues and encumbrances: the sale is “as is, where is”.
- Pay the EMD before the deadline and register on the e-auction website.
- Read the bank’s sale notice and its terms in full.
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