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Flat SARFAESI Auction

420 sq ft Flat for Auction in Chennai – HSBC

Chennai, Tamil Nadu · Auction ID #110715

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Flat for auction in Chennai – HSBCRepresentative image – no photo published by the bank
Reserve Price ₹1,22,17,500
EMD (Earnest Money)₹12,21,750
Bid Increment₹25,000
Auction Date 10 Dec 2026, 11:00 AM In 26 days
EMD Last Date 07 Dec 2026, 04:00 PM In 23 days
Area420 sq ft
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Property Details

Property type
Flat (Residential)
Possession
Not specified
Area
420 sq ft
Reserve price / sq ft
₹29,089
Locality
—

Description (as per sale notice)

All that piece and portion of the residential flat No.S1, in the Second Floor of the residential building bearing Old No.2 and New No.6 East Mada Street, Sri Nagar Colony, Saidapet, Chennai 600 015 with 420 square feet of Undivided share of vacant land out of 2400 square feet situated at Venkatapuram Village, comprised in Paimash No.79, the New Town Survey No.17 Block No.5, measuring an extend of 2400 Square feet situated within the Registration Sub-district of Adyar and within the Registration District of South Chennai. Boundaries: - East by : Farradhin House, West by : East Mada Street, North by : Babuji House & South by : 4th Street Rangarajapuram.
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Bank & Auction Details

Bank / Lender
HSBC
Branch
The Hongkong and Shanghai Banking Corporation Limited, M.G Road, Fort Mumbai - BO
Auction type
SARFAESI Auction
Borrower
Mr. S***** T*****
Auction start
10 Dec 2026, 11:00 AM
Auction end
10 Dec 2026, 12:00 PM
EMD submission deadline
07 Dec 2026, 04:00 PM
Inspection
03 Dec 2026, 10:00 AM – 03 Dec 2026, 04:00 PM
Authorised officer
—
Officer contact
—
E-auction portal
C1 India
View official sale notice
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Price Check

This listing's reserve price works out to ₹29,089 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,773 per sq ft, so this one is 329% 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 (open notice).
  2. Inspect the property on 3 Dec 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (C1 India), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of ₹12,21,750 before 07 Dec 2026, 04:00 PM. It is refunded if you don't win.
  5. Bid online on 10 Dec 2026 starting above the reserve price, in multiples of ₹25,000.
  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.

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Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with HSBC. Always verify every detail with the official notice and the authorised officer before paying any money.

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