43,626 sq ft Land for Auction in Chennai – Omkara ARC

Property Details

Property type

Land (Land & Agricultural)

Possession

Not specified

Area

43,626 sq ft

Reserve price / sq ft

₹243

Locality

—

City

Chennai

State

Tamil Nadu

Address

Property of Mr. K. Venkateswaran S/o Mr. Karuppanan and Mrs. Manimegalai W/o Mr. Venkateswaran Sale Deed No.5244/2002 dated 21.10.2002 SRO Virugambakkam and Builders Agreement dated 21.10.2002 SCHEDULE A All that piece and parcel of land being Plot Nos.1,2,3,4,5 &6 in Bangaru Street, Saligramam and comprised in Old Survey No.116/1 Part and New T.S.No.179/1 Block No.42 Egmore-Nungambakkam Taluk and measuring to an extent of 43626 Sq feet and bounded on the North by: T. S. No.97 & 179/2 (Block No.40); South by: Part of T.S. No.179/1; East by: T.S.No.180 and West by: Bangaru Street and situated within the Registration District of South Chennai and Sub Registration District of Virugambakkam SCHEDULE B 454 Square feet of undivided share of land being part of "A" Schedule property SCHEDULE C Flat No. B2 having constructed area of 1320 sq. feet on the II Floor of Block No.1 of the storeyed building known as "Sidharth Heights" constructed in the land specified in Schedule 'A" hereinabove described. View on map

Description (as per sale notice)

Bank & Auction Details

Bank / Lender

Omkara Assets Reconstruction

Branch

Omkara PS 30/2021-22 Trust

Auction type

SARFAESI Auction

Borrower

M/s. T***** T***** I**** P***** L*****

Auction start

19 Nov 2026, 11:00 AM

Auction end

19 Nov 2026, 12:00 PM

EMD submission deadline

17 Nov 2026, 04:00 PM

Inspection

—

Authorised officer

—

Officer contact

—

E-auction portal

C1 India

Price Check

This listing's reserve price works out to ₹243 per sq ft. The average across land & agricultural bank auctions in Chennai on our site is ₹6,418 per sq ft, so this one is 96% 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 (open notice).
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 (C1 India), complete KYC and get a digital signature certificate if required.
4. Pay the EMD of ₹10,60,000 before 17 Nov 2026, 04:00 PM. It is refunded if you don't win.
5. Bid online on 19 Nov 2026 starting above the reserve price, in multiples of ₹60,000.
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.