Auction date awaited. The bank has listed this property for sale but has not scheduled the auction yet. The price shown is the bank's indicative price. Save it or get free alerts — once the auction is announced it will appear in our auction listings with the reserve price, EMD and date.
All that piece and parcel of vacant land bearing Plot Nos.81,95,96,97&98 admeasuring 6105 Sq ft in “Sai Lakshmi Garden” layout, comprised in Old Sy No.5/2A, 5/1B3, 5/2B of Andavakkam Village, Madhurandagam Taluk, Kancheepuram District situated within the registration district of Chengalpattu and sub registration district of Madhuranthagam standing in the name of Mr. O Premkumar.
This listing's reserve price works out to ₹238 per sq ft. The average across residential bank auctions in Chengalpattu on our site is ₹4,330 per sq ft, so this one is 95% 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
Read the official notice carefully — it contains the full terms, the property schedule and any known dues.
Inspect the property on the inspection date given in the notice and check the title, society/municipal dues and occupancy.
Register on the e-auction portal (BAANKNET (Property ID IOBA1307PREMKUMAR)), complete KYC and get a digital signature certificate if required.
Pay the EMD of — before —. It is refunded if you don't win.
Bid online on — starting above the reserve price.
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.
Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Indian Overseas Bank. Always verify every detail with the official notice and the authorised officer before paying any money.
