861 sq feet Flat for Auction in Chennai, Chennai – SBI

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

861 sq feet (≈ 861 sq ft)

Reserve price / sq ft

₹5,226

Locality

Chennai

City

Chennai

State

Tamil Nadu

Pincode

600053

Address

chennai, Tamil Nadu, 600053 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SARB II CHENNAI-70674

Auction type

SARFAESI Auction

Borrower

Mrs. A D***** W** Mr. M***** J*****

Auction start

17 Nov 2026, 11:00 AM

Auction end

17 Nov 2026, 04:00 PM

EMD submission deadline

17 Nov 2026, 03:59 PM

Inspection

07 Nov 2026, 11:00 AM – 07 Nov 2026, 04:00 PM

Authorised officer

R NANI KUMAR

Officer contact

9150414086

E-auction portal

BAANKNET (Property ID SBIN200050909343)

Price Check

This listing's reserve price works out to ₹5,226 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,773 per sq ft, so this one is 23% 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 7 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBIN200050909343)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 17 Nov 2026, 03:59 PM. It is refunded if you don't win.
5. Bid online on 17 Nov 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.