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Commercial Building SARFAESI Auction Symbolic Possession

4,570 sq feet Commercial Building for Auction in Chennai – Canara

Chennai, Tamil Nadu · Auction ID #80240

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Commercial Building photo 1 Commercial Building photo 2
Reserve Price ₹1,38,75,000
EMD (Earnest Money)—
Bid Increment—
Auction Date 21 Oct 2026, 11:30 AM In 20 days
EMD Last Date 21 Oct 2026, 10:00 AM In 20 days
Area4,570 sq feet

Property Details

Property type
Commercial Building (Commercial)
Possession
Symbolic Possession
Area
4,570 sq feet (≈ 4,570 sq ft)
Reserve price / sq ft
₹3,036
Locality
—
Pincode
600006
Address
Chennai, Tamil Nadu, 600006 View on map

Description (as per sale notice)

Item No-1: All piece and parcel of Vacant land situated in Madhavaram Village, Madura Kalpalayam, Ambattur Taluk, Thiruvallur District, Perumal Koli Street,Comprised in Survey No.1471/2, admeasuring 3270 sq.ft and bounded on the:- North by: Kanniyappa Naicker’s Land, South by: Perumal Koli Street, East by: Manicka Naicker’s Land, West by: Subramania Naicker’s Land The above property is situated within the Sub-Registration District of Madhavaram and The Registration district of Chennai North. Item No:2: - All that piece and parcel of Land with Building situated in Madhavaram Village,Madura Kalpalayam, Ambattur Taluk,Thiruvallur District,Perumal Koli Street,Comprised in Survey No.1471/C2,admeasuring 1300 sq.ft and bounded on the:- North by: Vendors Land South by: Savithri’s Land and Perumal Koli Street East by: Narayan’s Land West by: Vendors Land The above property is situated within the Sub-Registration District of Madhavaram and The Registration district of Chennai North.

BAANKNET Property ID: CNRB35601135NPSAPPARE

Bank & Auction Details

Bank / Lender
Canara Bank
Branch
SPECIALIZED ARM BRANCH, CHENNAI-II
Auction type
SARFAESI Auction
Borrower
RADHA B** P
Auction start
21 Oct 2026, 11:30 AM
Auction end
21 Oct 2026, 12:30 PM
EMD submission deadline
21 Oct 2026, 10:00 AM
Inspection
15 Oct 2026, 11:00 AM – 15 Oct 2026, 04:00 PM
Authorised officer
VIJAY CHANDRA PRAKASH R
Officer contact
7401634632

Price Check

This listing's reserve price works out to ₹3,036 per sq ft. The average across commercial bank auctions in Chennai on our site is ₹10,955 per sq ft, so this one is 72% 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 15 Oct 2026 and check the title, society/municipal dues and occupancy.
  3. Register on the e-auction portal (BAANKNET (Property ID CNRB35601135NPSAPPARE)), complete KYC and get a digital signature certificate if required.
  4. Pay the EMD of — before 21 Oct 2026, 10:00 AM. It is refunded if you don't win.
  5. Bid online on 21 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.

Information on this page is taken from the public auction notice and may contain errors or change. AuctionKhoj is not the auctioneer and is not affiliated with Canara Bank. Always verify every detail with the official notice and the authorised officer before paying any money.

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