Pallavaram Plot Auction: 2,838 Sq Ft Plot at Surya Avenue, Pallavaram – Reserve ₹1.6 Cr (7 Oct 2026)
Verified Listing Auction Closed
Property ID: FB-5
Property Description
Federal Bank has published a fresh sale notice for the Pallavaram plot auction, and it is open to all eligible bidders. A 2,838 sq ft vacant plot in an approved layout at Surya Avenue, Jamin Pallavaram, close to Chennai airport, is up for e-auction at ₹1.6 crore. The online e-auction is scheduled for 7 October 2026 (12:00 PM to 1:00 PM (auto-extension of 5 minutes)), with a reserve price of ₹1,60,00,000.
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
Pallavaram Plot Auction: Key Highlights
- Reserve price: ₹1,60,00,000
- EMD: ₹16,00,000
- Auction date: 7 October 2026, 12:00 PM to 1:00 PM (auto-extension of 5 minutes)
- Last date for EMD / bid: 6 October 2026, 5:00 PM
- Location: Pallavaram, Chennai, Tamil Nadu
Pallavaram Plot Auction – Complete Details
| Asset | 2838 sq ft plot at Surya Avenue, Pallavaram |
| Description | Vacant plot in an approved layout, Plot No. C4 (Part) and C5, on a 16 ft road |
| Land area | 2838 sq ft |
| Survey / Plot No. | S. No. 273/23 |
| Village | Jamin Pallavaram |
| Taluk | Tambaram |
| District | Kancheepuram |
| Boundaries | North: Vacant land; South: Plot No. C3 and C4 (Part); East: 16 ft road; West: Vacant land |
| Reserve price | ₹1,60,00,000 |
| EMD (10%) | ₹16,00,000 |
| 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 |
| Encumbrances | Purchaser to verify and clear any encumbrances |
| Notice date | 1 September 2026 |
About the Location – Pallavaram, Chennai
Pallavaram is a well-established southern suburb of Chennai, a short drive from Chennai International Airport, the GST Road and the Pallavaram railway station on the suburban line. The Chennai Metro, the Pallavaram–Thoraipakkam radial road and the Outer Ring Road connect it to OMR’s IT corridor. Vacant plots in approved layouts are scarce here and are favoured for independent homes.
Is the Pallavaram Plot Auction Worth It?
At about ₹5,638 per sq ft, the reserve is in line with land rates in Pallavaram’s approved layouts. Bank auction properties usually sell close to the reserve price when competition is thin, which is where serious buyers find value.
Important Dates for the Pallavaram Plot Auction
- Sale notice date: 1 September 2026
- Inspection: 4:00 PM to 4:30 PM on 29-09-2026
- Last date for EMD and bid submission: 6 October 2026 (5:00 PM)
- E-auction: 7 October 2026, 12:00 PM to 1:00 PM (auto-extension of 5 minutes)
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 ₹16,00,000 by RTGS/NEFT and upload the bid form before 6 October 2026.
- Log in on 7 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% immediately 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. 273/23.
- Check pending property tax, electricity and water dues with local bodies.
- Confirm the type of possession (physical or symbolic) and any occupants.
- Verify the approved plan, land use/zoning and road access on site.
- Read our auction property due diligence checklist 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 |
Pallavaram Plot Auction: FAQs
What is the reserve price in the Pallavaram plot auction?
The reserve price is ₹1,60,00,000. Bids below this amount are not accepted.
When is the Pallavaram plot auction scheduled?
The auction is on 7 October 2026 from 12:00 PM to 1:00 PM (auto-extension of 5 minutes). EMD and bids must reach the bank by 6 October 2026.
How much EMD is required?
The earnest money deposit is ₹16,00,000, 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 land and plot auctions
- Bank auctions in Kancheepuram
- Guide: reserve price bidding strategy
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 | Residential Plots |
|---|---|
| Land Area | 2838 sq ft |
| Location | Pallavaram, Chennai, Chennai, Tamil Nadu |
| Boundaries | North: Vacant land; South: Plot No. C3 and C4 (Part); East: 16 ft road; West: Vacant land |
| Encumbrances | Purchaser to verify and clear any encumbrances |
Location Map
Auction Timeline
- 1 Sep 2026Auction Notice Published
- 29 Sep 2026Inspection Ends
- 6 Oct 2026Last Date for EMD Submission
- 7 Oct 2026, 12:00 PM to 1:00 PM (auto-extension of 5 minutes)e-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.