747 sq ft Commercial Building for Auction in Chennai – DCB

Property Details

Property type

Commercial Building (Commercial)

Possession

Symbolic Possession

Area

747 sq ft

Reserve price / sq ft

₹7,363

Locality

—

City

Chennai

State

Tamil Nadu

Address

All that piece and parcel of the Flat No.S-2, having super built up area of 747 Square feet, in the Second Floor, of the building situated in Plot No.41A, Old Door No.12, New Door No.31, Veerasawakar Street, Ramana Nagar, Chennai, together With 233 Square Feet undivided share of land in the Plot No.41A, measuring 1400 Square feet, comprised in Old R.S.No. 782/3 (part), New R.S.No.782/43, of Perambur Village, Permanbur Taluk, Chennai District being bounded on the: North by: 60 Feet Road (Veera Savarkar Raod), South by: Plot No.30, East by: Plot No. 40, West by: Remaining portion of land (1400 Sq. ft) retained by the vendors Plot No.41B. Measuring: East to West on the Northern Side: 70 Feet, East to West on the Southem Side: 70 Feet, North to South on the Eastern Side: 20 Feet, North of South on the Western Side: 20 Feet. Situated within the Sub Registration District of Purasawalkam and registration District of Central Chennai. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

DCB Bank

Branch

Nungambakkam Branch

Auction type

SARFAESI Auction

Borrower

Mr. K***** P N

Auction start

02 Dec 2026

Auction end

02 Dec 2026, 12:30 PM

EMD submission deadline

01 Dec 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 472869

Price Check

This listing's reserve price works out to ₹7,363 per sq ft. The average across commercial bank auctions in Chennai on our site is ₹9,127 per sq ft, so this one is 19% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (AuctionTiger · Auction ID 472869), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,50,000 before 01 Dec 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 2 Dec 2026 starting above the reserve price, in multiples of ₹10,000.
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.