1,091 sq feet Flat for Auction in Korattur, Chennai – Canara

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

1,091 sq feet (≈ 1,091 sq ft)

Reserve price / sq ft

₹4,583

Locality

Korattur

City

Chennai

State

Tamil Nadu

Pincode

600076

Address

KORATTUR, Chennai, Tamil Nadu, 600076 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALIZED ARM BRANCH, CHENNAI-II

Auction type

SARFAESI Auction

Borrower

MAGESHWARI T

Auction start

30 Nov 2026, 11:00 AM

Auction end

30 Nov 2026, 12:00 PM

EMD submission deadline

29 Nov 2026, 05:00 PM

Inspection

16 Nov 2026, 11:00 AM – 16 Nov 2026, 04:00 PM

Authorised officer

N BABITHA VENUGOPAL

Officer contact

9740145622

E-auction portal

BAANKNET (Property ID CNRBMAGESWARIT)

Price Check

This listing's reserve price works out to ₹4,583 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,773 per sq ft, so this one is 32% 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.

Previous Auctions of This Property

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 16 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRBMAGESWARIT)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 29 Nov 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 30 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.