2,264 sq feet Flat for Auction in Gerugambakkam, Chennai – Canara

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

2,264 sq feet (≈ 2,264 sq ft)

Reserve price / sq ft

₹4,373

Locality

Gerugambakkam

City

Chennai

State

Tamil Nadu

Pincode

600128

Address

GERUGAMBAKKAM, Chennai, Tamil Nadu, 600128 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Canara Bank

Branch

SPECIALIZED ARM BRANCH, CHENNAI-II

Auction type

SARFAESI Auction

Borrower

M/s S***** I**** P***** L*****

Auction start

13 Oct 2026, 11:00 AM

Auction end

13 Oct 2026, 12:00 PM

EMD submission deadline

12 Oct 2026, 05:00 PM

Inspection

08 Oct 2026, 11:00 AM – 08 Oct 2026, 04:00 PM

Authorised officer

N BABITHA VENUGOPAL

Officer contact

9740145622

E-auction portal

BAANKNET (Property ID CNRBSRIVISHAFLATF1F3)

Price Check

This listing's reserve price works out to ₹4,373 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,859 per sq ft, so this one is 36% 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 8 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRBSRIVISHAFLATF1F3)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 12 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 13 Oct 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.