1,150 sq feet Flat for Auction in Chennai – Indian Bank

Property Details

Property type

Flat (Residential)

Possession

Symbolic Possession

Area

1,150 sq feet (≈ 1,150 sq ft)

Reserve price / sq ft

₹12,646

Locality

—

City

Chennai

State

Tamil Nadu

Pincode

600001

Address

Chennai, Tamil Nadu, 600001 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

PANRUTI - 155

Auction type

SARFAESI Auction

Borrower

RONALD L***** C*****

Auction start

28 Sep 2026, 10:00 AM

Auction end

28 Sep 2026, 04:00 PM

EMD submission deadline

28 Sep 2026, 01:00 PM

Inspection

17 Sep 2026, 02:00 PM – 25 Sep 2026, 04:00 PM

Authorised officer

Mr. Subramanyam

Officer contact

9059812539

E-auction portal

BAANKNET (Property ID IDIB6772838870B)

Price Check

This listing's reserve price works out to ₹12,646 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,773 per sq ft, so this one is 87% 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 17 Sep 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID IDIB6772838870B)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 28 Sep 2026, 01:00 PM. It is refunded if you don't win.
5. Bid online on 28 Sep 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.