Flat for Auction George Town Chennai 46 Lakh by Canara Bank
George Town, Chennai
Area: 807 Sq.feet
Flat No. D, Second Floor, Old Door No.33/6, New Door No.67/6, Municipal Door No.67/33, Varadha Muthiappan Street, George Town, Chennai 600001
Canara Bank · TEYNAMPET BRANCH CHENNAI
Reserve price
₹46,00,000
EMD ₹4,60,000
Auction date
05 Aug 2026, 11:00 AM
Auction notice
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Quick read
- ▸Possession: Symbolic
- ▸Area: 807 Sq.feet
- ▸Locality: George Town
- ▸Reserve: ₹46,00,000
- ▸EMD: ₹4,60,000
Auction snapshot
| Possession | Symbolic |
| Property type | Flat · Residential |
| Locality | George Town |
| Built-up / plot area | 807 Sq.feet |
| Lender | Canara Bank |
| Branch | TEYNAMPET BRANCH CHENNAI |
| Unit / flat no. | Flat No. D |
| Floor | Second Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹50,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in George Town, Chennai by Canara Bank — reserve price ₹46,00,000, 807 Sq.feet, Symbolic possession.
Discover a prime residential flat available for bank auction in George Town, Chennai. This second-floor flat, designated as Flat No. D, boasts a super built-up area of 807 Sq.feet, including common areas, along with an undivided share of 231 Sq.feet of land. Strategically located on Varadha Muthiappan Street, George Town, Chennai 600001, this property is presented by Canara Bank's Teynampet Branch. The e-auction is scheduled for 05.08.2026, featuring a reserve price of ₹46,00,000 and an EMD of ₹4,60,000. Interested bidders can inspect the property on 29.07.2026. This is an exceptional opportunity for homebuyers or investors to acquire a valuable bank auction property in a well-connected and desirable Chennai locality. The sale is on an 'As is where is' basis, ensuring a transparent acquisition process.
GeoSquare note: This residential flat in George Town, Chennai, offers a strong investment potential due to its prime urban location and competitive reserve price. The property's decent size (807 sq.ft) makes it suitable for both end-users and rental income. While possession is symbolic, bank auctions typically ensure a clear title post-acquisition. The accessible reserve price of ₹46,00,000 makes it a 'Strong Buy' for those seeking a value-for-money property in Chennai.
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