590 sq feet Flat for Auction in Poonthamallee, Chennai – SBI

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

590 sq feet (≈ 590 sq ft)

Reserve price / sq ft

₹4,886

Locality

Poonthamallee

City

Chennai

State

Tamil Nadu

Pincode

600123

Address

poonthamallee, Chennai, Tamil Nadu, 600123 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

State Bank of India

Branch

SARB II CHENNAI-70674

Auction type

SARFAESI Auction

Borrower

V. S***** K****

Auction start

27 Nov 2026, 11:00 AM

Auction end

27 Nov 2026, 04:00 PM

EMD submission deadline

27 Nov 2026, 03:45 PM

Inspection

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

Authorised officer

RAMESH M

Officer contact

8870739101

E-auction portal

BAANKNET (Property ID SBIN64186586346)

Price Check

This listing's reserve price works out to ₹4,886 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,773 per sq ft, so this one is 28% 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 SBIN64186586346)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 27 Nov 2026, 03:45 PM. It is refunded if you don't win.
5. Bid online on 27 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.