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Flat SARFAESI Auction Symbolic Possession

1,204 sq feet Flat for Sale (Bank Auction) in Chennai – IOB

Chennai, Tamil Nadu · Auction ID #53972

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Flat photo 1
Indicative Price ₹1,69,20,200
EMD (Earnest Money)—
Bid Increment—
Auction Date Not yet scheduled
EMD Last Date —
Area1,204 sq feet

Property Details

Property type
Flat (Residential)
Possession
Symbolic Possession
Area
1,204 sq feet (≈ 1,204 sq ft)
Reserve price / sq ft
₹14,053
Locality
—
Pincode
600041
Address
Chennai, Tamil Nadu, 600041 View on map

Description (as per sale notice)

Schedule A- (Entire Property) All that piece and parcel of the site, bearing Door No.20, Plot No: 12 at Darmambal Street, Thiruvanmiyur, Chennai- 600041, in the layout named as Arundel Nagar now known as Avvai Nagar, land measuring an extent of 2178 sq ft comprised in Survey No : 89/2, Old Survey No: 89/2A1A1A part, as per patta T.S.No: 19/1, Block No : 35 of Thiruvanmiyur Village, Velachery Taluk, Chennai District Land Bounded on the North By Plot No13 South By Avvai Street East By 20 feet Darmambal Street West By Plot No : 11 Land Measuring Northern Side 60 feet Southern Side 60 feet 6 inches Western Side 32 feet 6 inches Eastern Side 40 feet 6 Inches Inclusive of splay on the south east, in all measuring 2178 Sq ft situated within the Registration District of Chennai South and Joint -1 Sub Registration District of Chennai South Schedule B (Undivided Land Conveyed): 726 Sq ft. undivided share in Schedule A out of land measuring 2178 Sq ft Schedule C Property All the piece and parcel of the Flat No: S1 in the Second-Floor of the residential building measuring 1877 Sq ft Super Plinth Area with all its superstructures situated in the Above schedule A of the property with a undivided share of 726 Sq ft out of a total land measuring 2178 Sq ft (inclusive common areas and common shares)

BAANKNET Property ID: IOBA0087RAMASAMY

Bank & Auction Details

Branch
TAMBARAM-87
Auction type
SARFAESI Auction
Borrower
Mr. A R*****
Auction start
—
Auction end
—
EMD submission deadline
—
Inspection
—
Authorised officer
—
Officer contact
—

Price Check

This listing's reserve price works out to ₹14,053 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,865 per sq ft, so this one is 105% 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 (BAANKNET (Property ID IOBA0087RAMASAMY)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before —. It is refunded if you don't win.
  5. Bid online on — 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.

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.

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