9,114 sq ft Land & Building for Auction in Chengalpattu – Bankruptcy Trustee of Mrs Vimala Joseph Raj In Bankrupty Process

Property Details

Property type

Land & Building (Residential)

Possession

Not specified

Area

9,114 sq ft

Reserve price / sq ft

₹3,050

Locality

—

City

Chengalpattu

State

Tamil Nadu

Pincode

603112

Address

9114 sqft of Farm land bearing No.1, Raj Beach Garden in S.No.56/2D(part), new S.No.56/2D2, Kovalam Village, Thiruporur Taluk, Chengalpet District, PIN - 603112 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Bankruptcy Trustee of Mrs Vimala Joseph Raj In Bankrupty Process

Branch

Chennai

Auction type

IBC Liquidation

Borrower

VIMALA J***** R** In B***** P*****

Auction start

05 Oct 2026, 11:30 AM

Auction end

05 Oct 2026, 02:30 PM

EMD submission deadline

03 Oct 2026, 08:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2405513

Price Check

This listing's reserve price works out to ₹3,050 per sq ft. The average across residential bank auctions in Chengalpattu on our site is ₹4,411 per sq ft, so this one is 31% 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 2405513), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹27,80,000 before 03 Oct 2026, 08:00 PM. It is refunded if you don't win.
5. Bid online on 5 Oct 2026 starting above the reserve price, in multiples of ₹2,00,000.
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.