Flat for Auction Koilpadagai Mahalakshmi Nagar Avadi Township Chennai 35.9 Lakh by Indian Overseas Bank 15 Jul 2026
Koilpadagai, Mahalakshmi Nagar, Avadi Township, Chennai
Area: 950 Sqft
Flat No F2, First Floor, Plot No 9A & 9B, No.12, Koilpadagai Village, Mahalakshmi Nagar, Ward C, Block 23, Avadi Township, Avadi Taluk, Thiruvallur District, Pin-600062.
Indian Overseas Bank · REGIONAL OFFICE - CHENNAI
Reserve price
₹35,85,000
EMD ₹3,59,000
Auction date
15 Jul 2026, 11:00 AM
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Quick read
- ▸Possession: Constructive
- ▸Area: 950 Sqft
- ▸Locality: Koilpadagai, Mahalakshmi Nagar, Avadi Township
- ▸Reserve: ₹35,85,000
- ▸EMD: ₹3,59,000
Auction snapshot
| Possession | Constructive |
| Property type | Flat · Residential |
| Locality | Koilpadagai, Mahalakshmi Nagar, Avadi Township |
| Built-up / plot area | 950 Sqft |
| Lender | Indian Overseas Bank |
| Branch | REGIONAL OFFICE - CHENNAI |
| Unit / flat no. | Flat No F2 |
| Building / society | Mahalakshmi Nagar |
| Floor | First Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹50,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in Koilpadagai, Mahalakshmi Nagar, Avadi Township, Chennai by Indian Overseas Bank — reserve price ₹35,85,000, 950 Sqft, Constructive possession.
Discover a promising residential bank auction property in Mahalakshmi Nagar, Koilpadagai, Avadi Township, Chennai. This First Floor Flat No. F2 offers a super built-up area of 950 Sqft, including common areas, along with a 460 Sqft undivided share of land. Situated in the well-developed Koilpadagai Village, Avadi Taluk, Thiruvallur District, within the North Chennai region (Pin-600062), this property presents a valuable investment opportunity. The bank auction is being conducted by Indian Overseas Bank with a reserve price of ₹35,85,000 and an EMD of ₹3,59,000. Inspection is available from June 12, 2026, to July 14, 2026. This is a constructive possession property, ideal for buyers seeking bank auction homes in Chennai.
GeoSquare note: This 950 Sqft residential flat in Mahalakshmi Nagar, Koilpadagai, Avadi Township, Chennai, offers strong investment appeal at a competitive reserve price of ₹35.85 Lakhs. The property benefits from a clear 'Nil' encumbrance status and constructive possession, making it a relatively secure bank auction opportunity. Its location in a developing part of Chennai adds to its potential for appreciation, making it a promising asset for homebuyers or investors.
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