2,310 sq feet House for Auction in Chennai – IOB

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

2,310 sq feet (≈ 2,310 sq ft)

Reserve price / sq ft

₹5,032

Locality

—

City

Chennai

State

Tamil Nadu

Pincode

600096

Address

Chennai, Tamil Nadu, 600096 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Overseas Bank

Branch

ADYAR-CHENNAI-2

Auction type

SARFAESI Auction

Borrower

MR. G L***** A** MRS. G*****

Auction start

30 Nov 2026, 11:00 AM

Auction end

30 Nov 2026, 03:00 PM

EMD submission deadline

30 Nov 2026, 02:50 PM

Inspection

16 Nov 2026, 10:00 AM – 27 Nov 2026, 04:00 PM

Authorised officer

Mr. BINOD KUMAR , ASSISTANT GENERAL MANAGER

Officer contact

9953108104

E-auction portal

BAANKNET (Property ID IOBA0LOGANATHAN)

Price Check

This listing's reserve price works out to ₹5,032 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,773 per sq ft, so this one is 26% 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 IOBA0LOGANATHAN)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 30 Nov 2026, 02:50 PM. It is refunded if you don't win.
5. Bid online on 30 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.