Anna Nagar Flat Auction: 1321 Sq Ft Flat with Parking, AH Block – Reserve ₹2.05 Cr (27 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-47
Property Description
Looking for a flat and apartment deal below market rates? The Anna Nagar flat auction listed by Federal Bank deserves a close look. A 1,321 sq ft first-floor flat with a covered car park in Meera Apartments, AH Block, Anna Nagar – one of Chennai’s most prestigious residential areas – is up for e-auction. The online e-auction is scheduled for 27 October 2026 (11:00 AM to 12:00 PM), with a reserve price of ₹2,05,00,000.
The property is being sold under the SARFAESI Act, 2002 on an “as is where is, as is what is and whatever there is” basis. Below you will find the complete details from the official notice – extent, survey numbers, EMD, important dates, the bidding process and the contact details of the Authorised Officer.
Table of Contents
Table of Contents
Anna Nagar Flat Auction: Key Highlights
- Reserve price: ₹2,05,00,000
- EMD: ₹20,50,000
- Auction date: 27 October 2026, 11:00 AM to 12:00 PM
- Last date for EMD / bid: 26 October 2026, 5:00 PM
- Location: Anna Nagar, Chennai, Tamil Nadu
Anna Nagar Flat Auction – Complete Details
| Asset | Flat 1A, Meera Apartments, AH Block, Anna Nagar |
| Description | First-floor flat No. 1A with covered car parking lot No. 1A, 1321 sq ft, with 708.5 sq ft undivided share of land |
| Land area | 708.50 sq ft UDS |
| Built-up area | 1321 sq ft |
| Survey / Plot No. | S. No. 40 part, T.S. No. 360, Block No. 1-D |
| Village | Naduvakkarai |
| Taluk | Aminjikarai |
| District | Chennai |
| Reserve price | ₹2,05,00,000 |
| EMD (10%) | ₹20,50,000 |
| Bid increment | ₹25,000 |
General terms of the sale as stated in the notice:
| Bank | The Federal Bank Ltd. |
| Branch / Division | LCRD Chennai Division |
| Mode of sale | Online e-auction |
| E-auction portal | www.auctionbazaar.com |
| Type of possession | Physical possession |
| Outstanding dues | ₹20,34,27,130 |
| Encumbrances | Purchaser to verify and clear any encumbrances |
| Notice date | 21 September 2026 |
About the Location – Anna Nagar, Chennai
Anna Nagar is a planned, tree-lined neighbourhood in west-central Chennai, known for its wide roads, Tower Park, schools and shopping on 2nd Avenue. AH Block sits close to the Anna Nagar Tower and Thirumangalam Metro stations on the Green Line, with quick access to Koyambedu, the Inner Ring Road and the CMBT bus terminus. Resale flats here hold value well and are favoured by families and senior citizens.
Is the Anna Nagar Flat Auction Worth It?
At about ₹15,519 per sq ft, the reserve is competitive for a ready flat with car parking in Anna Nagar’s AH Block. The bank’s outstanding dues (₹20.34 Cr) are about 9.9 times the reserve price, so the bank is clearly motivated to close this sale. Prices in recovery auctions are often attractive, but the real gain comes only after you factor in dues, taxes and transfer costs.
Important Dates for the Anna Nagar Flat Auction
- Sale notice date: 21 September 2026
- Inspection: 15-10-2026, 3:00 PM to 4:00 PM by appointment
- Last date for EMD and bid submission: 26 October 2026 (5:00 PM)
- E-auction: 27 October 2026, 11:00 AM to 12:00 PM
How to Bid in This Federal Bank Auction
- Register on www.auctionbazaar.com and complete KYC (PAN, Aadhaar, address proof).
- Obtain a digital signature certificate (DSC) if the service provider requires one.
- Inspect the property within the inspection window after informing the Authorised Officer.
- Pay the EMD of ₹20,50,000 by RTGS/NEFT and upload the bid form before 26 October 2026.
- Log in on 27 October 2026 and bid in multiples of the bid increment; the auction has auto-extension of 5 minutes for late bids.
The successful bidder must pay 25% on acceptance; 75% within 15 days. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer. If the balance is not paid in time, the deposited money is forfeited.
Due Diligence Checklist Before Bidding
- Obtain the encumbrance certificate and verify the title chain for S. No. 40 part, T.S. No. 360, Block No. 1-D.
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (physical) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our tips for buying bank auction flats before you bid.
Contact the Authorised Officer
| Authorised Officer | Authorised Officer (SARFAESI Act) |
| Office | Federal Bank LCRD Chennai Division, No. 27, 3rd Floor, Akshaya Shanthi, Anna Salai, Chennai 600002 |
| Phone | 044-47748435, +91-9947153494 |
| chnlcrd@federal.bank.in |
Anna Nagar Flat Auction: FAQs
What is the reserve price in the Anna Nagar flat auction?
The reserve price is ₹2,05,00,000. Bids below this amount are not accepted.
When is the Anna Nagar flat auction scheduled?
The auction is on 27 October 2026 from 11:00 AM to 12:00 PM. EMD and bids must reach the bank by 26 October 2026.
How much EMD is required?
The earnest money deposit is ₹20,50,000, usually 10% of the reserve price. It is refunded to unsuccessful bidders without interest.
Can I get a bank loan to buy this property?
Yes, many banks finance auction properties after verifying the sale certificate and title. Arrange the sanction before bidding, since the balance 75% is due within 15 days.
Where can I see the official sale notice?
The notice is published on the Federal Bank tender and sale notices page. Always read the full notice before bidding.
More Federal Bank Auctions
- All Federal Bank auction listings
- More flat and apartment auctions
- Bank auctions in Chennai
- Guide: home loan for auction property
Source: Official sale notice published on the Federal Bank Tenders & Sale Notices page. eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with the bank before bidding.
“The asset is being sold on “As is where is”, “As is what is” and “Whatever there is” basis through e-auction by Federal Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Flats & Apartments |
|---|---|
| Built-up Area | 1321 sq ft |
| Land Area | 708.50 sq ft UDS |
| Location | Anna Nagar, Chennai, Chennai, Tamil Nadu |
| Possession | Physical |
| Encumbrances | Purchaser to verify and clear any encumbrances |
Location Map
Auction Timeline
- 21 Sep 2026Auction Notice Published
- 15 Oct 2026Inspection Ends
- 26 Oct 2026Last Date for EMD Submission
- 27 Oct 2026, 11:00 AM to 12:00 PMe-Auction (Online Bidding)
- Post AuctionHighest Bidder Intimation
- Within Specified TimePayment & Documentation
Important Information
- The asset will be sold to the highest bidder subject to confirmation by the bank.
- Bidders must remit the EMD before the last date mentioned in the sale notice.
- The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance within 15 days, unless the bank specifies otherwise.
- For detailed terms and conditions, please refer to the official bank sale notice.
- This is a bank e-auction and not a private sale.
- eBankAuctions is a directory platform and does not conduct the auction. Please contact the respective bank for all auction-related queries.