All auctions / Tamil Nadu / Chennai
22Oct
Flat for sale in PANAPAKKAM Chennai
Chennai, Tamil Nadu – 601301
Canara Bank · CHENNAI SPECIALISED ARM BRANCH
- Reserve price
- ₹38,50,000
- EMD
- ₹3,85,000
- Bid increment
- ₹50,000
- Area
- 1,800 sq ft
- Price per sq ft
- ₹2,139
This is the 6th auction of this property. The reserve price is 4.9% lower than at the last auction (₹40,50,000 on 16 Sep 2026, 10:30 AM). Unsold properties usually come back at a lower reserve.
Key dates
- Inspect the property12 Oct 2026, 11:00 AM – 12 Oct 2026, 4:00 PM
- Pay EMD and submit bid by21 Oct 2026, 5:00 PM (EMD closes in 6 days)
- Auction22 Oct 2026, 10:30 AM – 11:30 AM · in 7 days
Auction history
| Auction date | Reserve price | Change | Result |
|---|---|---|---|
| 22 Oct 2026 | ₹38,50,000 | -4.9% | Upcoming |
| 16 Sep 2026 | ₹40,50,000 | — | Closed |
| 11 Aug 2026 | ₹40,50,000 | -5.3% | Closed |
| 14 Jul 2026 | ₹42,75,000 | — | Closed |
| 11 Jun 2026 | ₹42,75,000 | -5.0% | Closed |
| 10 Mar 2026 | ₹45,00,000 | — | Closed |
What you'd pay at the reserve price
- EMD, before the auction
- ₹3,85,000
- Rest of 25% when you win (same or next day)
- ₹5,77,500
- Balance 75%, usually within 15 days
- ₹28,87,500
- Stamp duty and registration (about 5–8%, varies by state)
- ₹1.93 L – ₹3.08 L
You may bid above the reserve in steps of ₹50,000. If you lose, the EMD is refunded. Check the notice for exact terms and any dues (society, tax, electricity) the buyer must pay.
Property
- Type
- Residential · Flat
- Possession
- Symbolic
- Auction type
- Bank sale (SARFAESI)
- Address
- FLAT NO 3C 3RD FLOOR 119, GANAPATHYPURAM PANAPAKKAM VILLAGE KUNDRATHUR TALUK KANCHIPURAM DIST
- Borrower
- SATHEESH CHANDRASEKAR
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