Chennai Flat Auction 600011: Flat (1,020 sq ft) – Reserve ₹59 Lakh (26 Oct 2026)

Here is a fresh bank e-auction worth tracking: the Chennai flat auction 600011, offered by Bank of Baroda at a reserve of ₹59 Lakh. On offer is a flat in Chennai (PIN 600011), with 1,020 sq ft carpet area. The online auction runs on 26 October 2026 (2:00 PM to 6:00 PM) with a reserve price of ₹59,00,000.

The property is being sold under SARFAESI on an “as is where is, as is what is and whatever there is” basis. Below are the reserve price, EMD, key dates, location details, bidding steps and a due diligence checklist for this auction.

Chennai Flat Auction 600011: Key Highlights

• Reserve price: ₹59,00,000 (₹59 Lakh)
• EMD: ₹5,90,000
• Bid increment: ₹10,000
• Auction: 26 October 2026, 2:00 PM to 6:00 PM
• Last date for EMD: 26 October 2026, 5:59 PM
• Location: Chennai, Tamil Nadu
• Possession: Symbolic

Chennai Flat Auction 600011 – Complete Details

Auction ID	362557
Bank property ID	BARBKOLATHERFS26
Bank	Bank of Baroda
Branch	Kolathur
Property type	Residential – Flat
Carpet area	1,020 sq ft
City / District	Chennai
State	Tamil Nadu
PIN code	600011
Type of possession	Symbolic
Type of action	Under SARFAESI
Reserve price	₹59,00,000
EMD	₹5,90,000
Bid increment	₹10,000
Auto-extension	10 minutes per late bid

About the Location – Chennai

Chennai is in Chennai district of Tamil Nadu, under PIN code 600011. Tamil Nadu has one of India’s most urbanised economies, with Chennai, Coimbatore, Madurai and Tiruppur driving demand for residential and industrial property. The handling branch is Kolathur, which is usually the best contact for site visits and local queries.

Is the Chennai Flat Auction 600011 Worth It?

At the reserve price, the property works out to about ₹5,784 per sq ft of carpet area – compare this with recent resale rates in Chennai before you bid. The EMD of ₹5,90,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Because the reserve price is fixed from a registered valuer’s report, it is often below the market rate – but factor in transfer costs and any dues before deciding your maximum bid. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.

Important Dates for the Chennai Flat Auction 600011

• Inspection window: 12 October 2026, 11:00 AM to 12 October 2026, 1:00 PM
• EMD submission opens: 18 September 2026
• Last date for EMD: 26 October 2026, 5:59 PM
• E-auction: 26 October 2026, 2:00 PM to 6:00 PM
• Auto-extension: 10 minutes for every bid in the last minutes

How to Bid on BAANKNET

1. Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
2. Search for Auction ID 362557 and download the sale notice and terms.
3. Inspect the property during the inspection window by calling the branch contact on 9133906397.
4. Pay the EMD of ₹5,90,000 through the BAANKNET wallet before 26 October 2026, 5:59 PM.
5. Log in on 26 October 2026 and bid above the reserve in steps of ₹10,000; each late bid extends the auction by 10 minutes.

The successful bidder usually pays 25% of the bid amount (including EMD) immediately and the balance 75% within 15 days, unless the bank states otherwise. Stamp duty, registration charges, GST/TDS where applicable and any statutory dues are borne by the buyer.

Due Diligence Checklist Before Bidding

• Verify the title documents and the society or builder NOC.
• Check pending maintenance, property tax and utility dues.
• Confirm the possession status and whether the flat is occupied.
• Check the approved plan and occupancy certificate for the building.
• Read our tips for buying bank auction flats before you bid.

Chennai Flat Auction 600011: FAQs

More BoB and Tamil Nadu Auctions

• All Bank of Baroda auction listings
• More flat auctions
• Bank auctions in Tamil Nadu
• Guide: home loan for auction property

Source: Auction ID 362557 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Bank of Baroda before bidding.