930 sq ft Flat for Auction in Kancheepuram – SIB

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

930 sq ft

Reserve price / sq ft

₹2,187

Locality

—

City

Kancheepuram

State

Tamil Nadu

Pincode

601301

Address

All that piece and parcel of Residential Flat No. S3 Block J, Phase 3 in 2nd Floor of the building in the name PALMYRA HOMES No.6, Indira Gandhi Street, Nariyambakkam, Padappai, Kancheepuram 601 301, having built up area of about 930 Sq. Ft. (inclusive of all common areas in the residential complex) and together with 593 Sq. Ft. undivided share of land out of 11632 Sq Ft. undivided share of land out of 18748 Sq Ft. (i.e. 43 Cents) along with right to use common facilities, amenities, and all other easementary rights existing and appurtenant thereon situated in S Nos.23/32-A, 23/32-B of No. 141- Nariyambakkam Village, Sriperumbudur Taluk, Kancheepuram District and owned by Mr. Ponnivalavan M, more fully described in Registered Sale Deed No. 8453/2018 dated 14-12-2018 and Registered Builders agreement No. 8452/2018 dated 14-12-2018, both are of Sriperumbudur SRO and larger extent (53 Cents inclusive of common road) bounded on North by: S.Nos.23/29-A & 23/29 BEast by: S.Nos.23/33A,338 & 33C South by: S.No.23 34 West by: S.No.23/31 B View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Padappai Branch

Auction type

SARFAESI Auction

Borrower

Mr P***** M

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

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2406683

Price Check

This listing's reserve price works out to ₹2,187 per sq ft. The average across residential bank auctions in Kancheepuram on our site is ₹3,552 per sq ft, so this one is 38% 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 the inspection date given in the notice and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (bankauctions.in (4Closure) · Listing 2406683), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹2,03,400 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, in multiples of ₹20,000.
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.