558 sq feet Flat for Auction in Chennai – BOM

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

558 sq feet (≈ 558 sq ft)

Reserve price / sq ft

₹4,353

Locality

—

City

Chennai

State

Tamil Nadu

Pincode

600048

Address

Chennai, Tamil Nadu, 600048 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bank of Maharashtra

Branch

ASSETRECOVERYBRANCH,CHENNAI-1941

Auction type

SARFAESI Auction

Borrower

Mr. M***** M*****

Auction start

18 Nov 2026, 01:00 PM

Auction end

18 Nov 2026, 03:00 PM

EMD submission deadline

18 Nov 2026, 02:00 PM

Inspection

14 Nov 2026, 11:00 AM – 17 Nov 2026, 05:00 PM

Authorised officer

Sujit Halder

Officer contact

9890881055

E-auction portal

BAANKNET (Property ID MAHB40264051105A)

Price Check

This listing's reserve price works out to ₹4,353 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,773 per sq ft, so this one is 36% 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 14 Nov 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID MAHB40264051105A)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 18 Nov 2026, 02:00 PM. It is refunded if you don't win.
5. Bid online on 18 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.