4,000 sq meter Factory for Auction in Thirumullaivoyal, Chennai – SBI

Property Details

Property type

Factory (Industrial)

Possession

Physical Possession

Area

4,000 sq meter (≈ 43,055 sq ft)

Reserve price / sq ft

₹2,669

Locality

Thirumullaivoyal

City

Chennai

State

Tamil Nadu

Pincode

600062

Address

THIRUMULLAIVOYAL, Chennai, Tamil Nadu, 600062 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SAMB CHENNAI-04105

Auction type

SARFAESI Auction

Borrower

STAR T**** P L**

Auction start

20 Nov 2026, 11:00 AM

Auction end

20 Nov 2026, 04:00 PM

EMD submission deadline

19 Nov 2026

Inspection

16 Nov 2026, 11:00 AM – 16 Nov 2026, 03:00 PM

Authorised officer

Hemanth Kumar S

Officer contact

8374666922

E-auction portal

BAANKNET (Property ID SBINSTARSIDCO)

Price Check

This listing's reserve price works out to ₹2,669 per sq ft. The average across industrial bank auctions in Chennai on our site is ₹1,519 per sq ft, so this one is 76% above 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 16 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID SBINSTARSIDCO)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 19 Nov 2026. It is refunded if you don't win.
5. Bid online on 20 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.