700 sq feet House for Auction in Mahindra World City, Chengalpattu – Indian Bank

Property Details

Property type

House (Residential)

Possession

Physical Possession

Area

700 sq feet (≈ 700 sq ft)

Reserve price / sq ft

₹2,500

Locality

Mahindra World City

City

Chengalpattu

State

Tamil Nadu

Pincode

603204

Address

Mahindra World City, Tamil Nadu, 603204 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

VIT CHENNAI CAMPUS - 1991

Auction type

SARFAESI Auction

Borrower

P S**** K****

Auction start

20 Nov 2026, 10:00 AM

Auction end

20 Nov 2026, 04:00 PM

EMD submission deadline

20 Nov 2026, 09:00 AM

Inspection

03 Nov 2026, 10:00 AM – 19 Nov 2026, 05:00 PM

Authorised officer

SATYAJIT MOHAPATRA

Officer contact

9438660800

E-auction portal

BAANKNET (Property ID IDIB7113548879)

Price Check

This listing's reserve price works out to ₹2,500 per sq ft. The average across residential bank auctions in Chengalpattu on our site is ₹4,450 per sq ft, so this one is 44% 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 3 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB7113548879)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 20 Nov 2026, 09:00 AM. 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.