1,400 sq ft House for Auction in Chennai – DCB

Property Details

Property type

House (Residential)

Possession

Physical Possession

Area

1,400 sq ft

Reserve price / sq ft

₹12,571

Locality

—

City

Chennai

State

Tamil Nadu

Pincode

600023

Address

All that piece and parcel of land bearing Door No.65, Old Door No.21-B part, Palaniandavar Koil Street, Ayanavaram Chennai 600023, land measuring 1400 Square Feet Comprised in Paimash No. 1041 Part, T.S.No.109 Part, New T.S.No. 109/3, Block No.28, Situated at Ayanavaram Village, Aminjikarai Taluk, Chennai District, and the land bounded on the: North by: Seenupillai Lane, South by: 10 Feet Common Land, East by: Property belongs to Vembuliammal, Chockalinga Naicker and others West by: Property belongs to Yasodha and Visalakshi View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

DCB Bank

Branch

Nungambakkam Branch

Auction type

SARFAESI Auction

Borrower

Mr G***** K

Auction start

02 Dec 2026, 11:30 AM

Auction end

02 Dec 2026, 01:00 PM

EMD submission deadline

01 Dec 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

4Closure · Listing 2468397

Price Check

This listing's reserve price works out to ₹12,571 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,773 per sq ft, so this one is 86% above 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 (4Closure · Listing 2468397), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹17,60,000 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 ₹50,000.
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.