8,312 sq feet Commercial Building for Auction in Gummidipoondi, Chennai – Canara

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

8,312 sq feet (≈ 8,312 sq ft)

Reserve price / sq ft

₹241

Locality

Gummidipoondi

City

Chennai

State

Tamil Nadu

Pincode

600103

Address

GUMMIDIPOONDI, Chennai, Tamil Nadu, 600103 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

CHENNAI MOUNT ROAD-911

Auction type

SARFAESI Auction

Borrower

REAL W*** I*****

Auction start

25 Nov 2026, 11:30 AM

Auction end

25 Nov 2026, 12:30 PM

EMD submission deadline

23 Nov 2026, 04:00 PM

Inspection

21 Nov 2026, 11:00 AM – 21 Nov 2026, 04:00 PM

Authorised officer

HARIDHARAN K

Officer contact

9176641244

E-auction portal

BAANKNET (Property ID CNRB259447969)

Price Check

This listing's reserve price works out to ₹241 per sq ft. The average across commercial bank auctions in Chennai on our site is ₹9,127 per sq ft, so this one is 97% 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 21 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB259447969)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 23 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 25 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.