Indian Bank Chengalpattu Villa Auction: Villa (1,150 sq ft) – Reserve ₹36 Lakh (10 Nov 2026)
Verified Listing Upcoming
Property ID: BKN-366793
Property Description
Looking for a villa below market price in Chengalpattu? The Indian Bank Chengalpattu villa auction by Indian Bank is scheduled for 10 Nov 2026. On offer is a villa in Chengalpattu (PIN 603002), with 1,150 sq ft carpet area. The online auction runs on 10 November 2026 (10:00 AM to 4:00 PM) with a reserve price of ₹36,00,000.
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.
Table of Contents
Table of Contents
Indian Bank Chengalpattu Villa Auction: Key Highlights
- Reserve price: ₹36,00,000 (₹36 Lakh)
- EMD: ₹3,60,000
- Bid increment: ₹25,000
- Auction: 10 November 2026, 10:00 AM to 4:00 PM
- Last date for EMD: 10 November 2026, 4:00 PM
- Location: Chengalpattu, Tamil Nadu
- Possession: Symbolic
Indian Bank Chengalpattu Villa Auction – Complete Details
| Auction ID | 366793 |
| Bank property ID | IDIB7686482652 |
| Bank | Indian Bank |
| Branch | Tambaram West |
| Property type | Residential – Villa |
| Carpet area | 1,150 sq ft |
| City / District | Chengalpattu |
| State | Tamil Nadu |
| PIN code | 603002 |
| Type of possession | Symbolic |
| Type of action | Under SARFAESI |
| Reserve price | ₹36,00,000 |
| EMD | ₹3,60,000 |
| Bid increment | ₹25,000 |
| Auto-extension | 10 minutes per late bid |
About the Location – Chengalpattu
This listing falls in Chengalpattu, Tamil Nadu, postal code 603002. 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 Tambaram West, which is usually the best contact for site visits and local queries.
Is the Indian Bank Chengalpattu Villa Auction Worth It?
At the reserve price, the property works out to about ₹3,130 per sq ft of carpet area – compare this with recent resale rates in Chengalpattu before you bid. The EMD of ₹3,60,000 is 10% of the reserve price and is refunded to unsuccessful bidders. Bank e-auctions often close near the reserve price when there are few bidders, which is where well-prepared buyers find value. Note that the bank holds only symbolic possession, so taking physical possession may need extra time and legal steps.
Important Dates for the Indian Bank Chengalpattu Villa Auction
- Inspection window: 29 October 2026, 10:00 AM to 30 October 2026, 4:00 PM
- EMD submission opens: 29 September 2026
- Last date for EMD: 10 November 2026, 4:00 PM
- E-auction: 10 November 2026, 10:00 AM to 4:00 PM
- Auto-extension: 10 minutes for every bid in the last minutes
How to Bid on BAANKNET
- Register as a bidder on BAANKNET and complete e-KYC with PAN and Aadhaar.
- Search for Auction ID 366793 and download the sale notice and terms.
- Inspect the property during the inspection window by calling the branch contact on 9944391064.
- Pay the EMD of ₹3,60,000 through the BAANKNET wallet before 10 November 2026, 4:00 PM.
- Log in on 10 November 2026 and bid above the reserve in steps of ₹25,000; 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
- Obtain the encumbrance certificate and verify the title.
- Check pending property tax, electricity and water dues.
- Confirm the possession status and whether the property is occupied.
- Verify the approved plan and the condition of the building.
- Read our buying bank auction houses and villas before you bid.
Indian Bank Chengalpattu Villa Auction: FAQs
What is the reserve price in the Indian Bank Chengalpattu villa auction?
The reserve price is ₹36,00,000. Bids below the reserve price are not accepted.
When is the Indian Bank Chengalpattu villa auction scheduled?
The e-auction is on 10 November 2026 from 10:00 AM to 4:00 PM. The last date for EMD is 10 November 2026, 4:00 PM.
How much EMD is required?
The earnest money deposit is ₹3,60,000. It is refunded to unsuccessful bidders.
Where is the property located?
It is in Chengalpattu, Tamil Nadu – 603002.
Where can I see the official sale notice?
Search Auction ID 366793 on the BAANKNET portal of the PSB Alliance to view the sale notice and bid.
More Indian Bank and Tamil Nadu Auctions
- All Indian Bank auction listings
- More villa auctions
- Bank auctions in Tamil Nadu
- Guide: symbolic vs physical possession explained
Source: Auction ID 366793 on BAANKNET (PSB Alliance). eBankAuctions is an information platform and does not conduct auctions; details may change, so verify with Indian 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 Indian Bank. Interested bidders are advised to inspect the asset and verify all details before participating.”
Property Details
| Type | Villas |
|---|---|
| Land Area | 1150 sq ft |
| Location | Chengalpattu, Chennai, Tamil Nadu |
| Possession | Symbolic |
| Encumbrances | Please refer to the sale notice |
Location Map
Auction Timeline
- 29 Sep 2026Auction Notice Published
- 29 Oct 2026Inspection Starts
- 30 Oct 2026Inspection Ends
- 10 Nov 2026Last Date for EMD Submission
- 10 Nov 2026, 10:00 AM to 4:00 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.