1,066 sq ft Flat for Auction in Chennai – ORIX Leasing And Financial Services India Limited

Property Details

Property type

Flat (Residential)

Possession

Not specified

Area

1,066 sq ft

Reserve price / sq ft

₹6,754

Locality

—

City

Chennai

State

Tamil Nadu

Pincode

600042

Address

All that piece and parcel of flat measuring 1066 sq.ft in second floor together with an undivided 14th share ie an undivided 700 sq.ft share in the land measuring 2800 sq.ft comprised in O.S No. T.Sno. 33,blockno. 46,Velachery village, bearing plot no. 3, Seethapathy Nagar, IV Cross Street, Appasamy nagar layout velachery chenna 600042 and land bounded on the north: VGP layout in S. No. 280 East:S. No. 280 ,south: 20 feet road west: plot no. 2 View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

ORIX Leasing And Financial Services India Limited

Branch

Chennai

Auction type

SARFAESI Auction

Borrower

VASUDEVAN S*****

Auction start

22 Oct 2026, 11:00 AM

Auction end

22 Oct 2026, 01:00 PM

EMD submission deadline

21 Oct 2026, 05:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

bankauctions.in (4Closure) · Listing 2416563

Price Check

This listing's reserve price works out to ₹6,754 per sq ft. The average across residential bank auctions in Chennai on our site is ₹6,853 per sq ft, so this one is 1% 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 2416563), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹7,20,000 before 21 Oct 2026, 05:00 PM. It is refunded if you don't win.
5. Bid online on 22 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.