1,558 sq feet House for Auction in Sidco Industrial Estate Chengarai, Tiruvallur – Indian Bank

Property Details

Property type

House (Residential)

Possession

Symbolic Possession

Area

1,558 sq feet (≈ 1,558 sq ft)

Reserve price / sq ft

₹2,086

Locality

Sidco Industrial Estate Chengarai

City

Tiruvallur

State

Tamil Nadu

Pincode

602026

Address

SIDCO Industrial Estate Chengarai, Tamil Nadu, 602026 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Indian Bank

Branch

UTTHUKOTTAI - 2855

Auction type

SARFAESI Auction

Borrower

) M/s P**** M***** a** H***** E***** (***** P***** : Mr. D*****

Auction start

16 Oct 2026, 10:00 AM

Auction end

16 Oct 2026, 04:00 PM

EMD submission deadline

16 Oct 2026, 09:00 AM

Inspection

—

Authorised officer

ABDUL QAYOOM MANSOORI

Officer contact

9795708850

E-auction portal

BAANKNET (Property ID IDIB6802309071)

Price Check

This listing's reserve price works out to ₹2,086 per sq ft. The average across residential bank auctions in Tiruvallur on our site is ₹2,740 per sq ft, so this one is 24% 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 (BAANKNET (Property ID IDIB6802309071)), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of — before 16 Oct 2026, 09:00 AM. It is refunded if you don't win.
5. Bid online on 16 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.