2,330.56 sq feet Commercial Building for Auction in Chennai – PNB

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

2,330.56 sq feet (≈ 2,330 sq ft)

Reserve price / sq ft

₹2,617

Locality

—

City

Chennai

State

Tamil Nadu

Pincode

600062

Address

Chennai, Tamil Nadu, 600062 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Punjab National Bank

Branch

CHENNAI, AVADI298000

Auction type

SARFAESI Auction

Borrower

M/s S** N** I*****

Auction start

03 Dec 2026, 11:00 AM

Auction end

03 Dec 2026, 04:00 PM

EMD submission deadline

03 Dec 2026, 03:59 PM

Inspection

—

Authorised officer

guruprasad g

Officer contact

9994073722

E-auction portal

BAANKNET (Property ID PUNBHNC92611348)

Price Check

This listing's reserve price works out to ₹2,617 per sq ft. The average across commercial bank auctions in Chennai on our site is ₹9,127 per sq ft, so this one is 71% below that average. Auction reserve prices are set by the bank's valuer and are not a guide to market value — compare with recent sale prices in the locality before bidding.

How to Participate in This Auction

1. Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID PUNBHNC92611348)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 03 Dec 2026, 03:59 PM. It is refunded if you don't win.
5. Bid online on 3 Dec 2026 starting above the reserve price.
6. If you win, pay 25% of the bid amount (including EMD) as per the notice and the balance within the time allowed, usually 15 days.

Read our due diligence checklist and EMD guide before bidding.