Free Alerts
Commercial Building SARFAESI Auction Symbolic Possession

78,843.6 sq feet Commercial Building for Auction in Chennai – Indian Bank

Chennai, Tamil Nadu · Auction ID #112554

WhatsApp
Commercial Building for auction in Chennai – Indian Bank – photo 1
Commercial Building for auction in Chennai – Indian Bank – photo 2
Commercial Building for auction in Chennai – Indian Bank – photo 3
Commercial Building for auction in Chennai – Indian Bank – photo 4
Commercial Building for auction in Chennai – Indian Bank – photo 5
1 / 5
Reserve Price ₹25,23,00,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 10 Dec 2026, 10:00 AM In 26 days
EMD Last Date 10 Dec 2026, 04:00 PM In 26 days
Area78,843.6 sq feet
Advertisement

Property Details

Property type
Commercial Building (Commercial)
Possession
Symbolic Possession
Area
78,843.6 sq feet (≈ 78,843 sq ft)
Reserve price / sq ft
₹3,200
Locality
—
Pincode
600044
Address
Chennai, Tamil Nadu, 600044 View on map

Description (as per sale notice)

All that piece and parcel of land measuring an extent of 1 Acre and 81 Cents together with industrial building measuring to an extant of 8115 Sq. ft. (as per plan) comprised in following Survey Nos and its extent. S. No.281/1 - 59 Cents, S. No.284/2 - 30 Cents, S. No.285/A1 - 35 Cents, S. No.285/A2 - 42 Cents, S. No.283/A - 15 Cents. In all measuring 1 Acre 81 Cents under Patta No.717, situated at No.80, New No.92, Thirumudivakkam Village, Sriperumbedur Taluk, Kanchipuram District within the Registration District of Chennai South and Sub Registration District of Padappai and Kundrathur Panchyat Union Limit.

BAANKNET Property ID: IDIB7936299018
Advertisement

Bank & Auction Details

Bank / Lender
Indian Bank
Branch
M E P Z - 1174
Auction type
SARFAESI Auction
Borrower
M/s F*** S*** M***** C***** I**** P*** L**** (***** R***** by Mr. V S***** - M***** D*****
Auction start
10 Dec 2026, 10:00 AM
Auction end
10 Dec 2026, 04:00 PM
EMD submission deadline
10 Dec 2026, 04:00 PM
Inspection
16 Nov 2026, 10:00 AM – 08 Dec 2026, 04:00 PM
Authorised officer
AYUSH PANDYA,BM
Officer contact
9444391050
E-auction portal
BAANKNET (Property ID IDIB7936299018)
Advertisement

Price Check

This listing's reserve price works out to ₹3,200 per sq ft. The average across commercial bank auctions in Chennai on our site is ₹9,127 per sq ft, so this one is 65% 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 16 Nov 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID IDIB7936299018)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 10 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.
  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.

Advertisement

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 Indian Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

Similar Auctions in Chennai

View all

Explore more

Advertisement