1,650 sq ft Flat for Auction in Kancheepuram – SIB

Property Details

Property type

Flat (Residential)

Possession

Physical Possession

Area

1,650 sq ft

Reserve price / sq ft

₹3,489

Locality

—

City

Kancheepuram

State

Tamil Nadu

Address

All that piece and parcel of Residential Flat No.S2 in second floor of the building known as Rajeswari Homes in Sri Metha Nagar, having built up area of about 1650 Sq.Ft (inclusive of common area), together with undivided share of land admeasuring 595 Sq.ft. (UDS) in the undivided share ofland admeasuring 4075 Sq.ft. out of total land admeasuring 5137 Sq.ft bearing Plot No.A1, along with right to use common facilities, amenities, and all other easementary rights existing and appurtenant thereon situated inSy.Nos.50/1, 50/2, old patta no.346, 623, New patta No.6682, as per patta New Sy.nos.50/3 50/4 of Kundrathur Village, Sriperumbudur Taluk, Kancheepuram District and owned by Mr.G.V.S.N. Murthy, more fully described inSale Deed No.15622/2014 dated 08.10.2014 of SRO Kundrathur and bounded on the, North by : Metha Nagar plots,East by : Metha Nagar plots, South by : Plot No.A2 16 feet wide private passage, West by : Metha Nagar Plots. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

South Indian Bank

Branch

Anna Nagar

Auction type

SARFAESI Auction

Borrower

Mr. M***** G*****

Auction start

27 Oct 2026

Auction end

27 Oct 2026, 01:30 PM

EMD submission deadline

26 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

AuctionTiger · Auction ID 465738

Price Check

This listing's reserve price works out to ₹3,489 per sq ft. The average across residential bank auctions in Kancheepuram on our site is ₹3,552 per sq ft, so this one is 2% 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 (AuctionTiger · Auction ID 465738), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹5,75,700 before 26 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 27 Oct 2026 starting above the reserve price, in multiples of ₹50,000.
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.