471 sq feet House for Auction in Mylapore, Chennai – Canara

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

471 sq feet (≈ 471 sq ft)

Reserve price / sq ft

₹1,57,049

Locality

Mylapore

City

Chennai

State

Tamil Nadu

Pincode

600018

Address

MYLAPORE, Chennai, Tamil Nadu, 600018 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

VISALAKSHI

Auction start

31 Oct 2026, 11:30 AM

Auction end

31 Oct 2026, 12:30 PM

EMD submission deadline

31 Oct 2026, 10:00 AM

Inspection

26 Oct 2026, 11:00 AM – 26 Oct 2026, 04:00 PM

Authorised officer

VIJAY CHANDRA PRAKASH R

Officer contact

7401634632

E-auction portal

BAANKNET (Property ID CNRB308891540GENEX)

Price Check

This listing's reserve price works out to ₹1,57,049 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,859 per sq ft, so this one is 2190% 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 26 Oct 2026 and check the title, society/municipal dues and occupancy.
3. Register on the e-auction portal (BAANKNET (Property ID CNRB308891540GENEX)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 31 Oct 2026, 10:00 AM. It is refunded if you don't win.
5. Bid online on 31 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.