948 sq ft Flat for Auction in Chennai – Axis

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

948 sq ft

Reserve price / sq ft

₹4,124

Locality

—

City

Chennai

State

Tamil Nadu

Address

FLAT NO. A, 2ND FLOOR, 948 SQ. FT. BUA WITH 1/10TH UDS IN PLOT NO. 263 (OLD NO. 16), S.NO. 346, ASHTALAKSHMI NAGAR, MADURAVOYAL, CHENNAI. PT NO.: 11-147-16405-000 | TNEB NO.: 09-402-007-227. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Axis Bank

Branch

—

Auction type

SARFAESI Auction

Borrower

SENTHIL M*****

Auction start

13 Nov 2026

Auction end

—

EMD submission deadline

12 Nov 2026

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

Axis Bank (sale notice)

Price Check

This listing's reserve price works out to ₹4,124 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,801 per sq ft, so this one is 39% 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 (open notice).
2. Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (Axis Bank (sale notice)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹3,91,000 before 12 Nov 2026. It is refunded if you don't win.
5. Bid online on 13 Nov 2026 starting above the reserve price, in multiples of ₹10,000.
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.