Flat for Auction Mahalakshmi Nagar Koilpadagai Village Ambattur Chennai 35.9 Lakh by Indian Overseas Bank 15 Jul 2026
Mahalakshmi Nagar, Koilpadagai Village, Ambattur, Chennai
Area: 990 Sqft
Flat No.52, Second Floor, Plot No 9A and Plot No 9B, Mahalakshmi Nagar, No 12, Koilpadagai Village, Ward C, Block 23, Avadi Township, Avadi Taluk, Tiruvallur District, Ambattur, 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: 990 Sqft
- ▸Locality: Mahalakshmi Nagar, Koilpadagai Village, Ambattur
- ▸Reserve: ₹35,85,000
- ▸EMD: ₹3,59,000
Auction snapshot
| Possession | Constructive |
| Property type | Flat · Residential |
| Locality | Mahalakshmi Nagar, Koilpadagai Village, Ambattur |
| Built-up / plot area | 990 Sqft |
| Lender | Indian Overseas Bank |
| Branch | REGIONAL OFFICE - CHENNAI |
| Unit / flat no. | Flat No.52 |
| Building / society | Mahalakshmi Nagar |
| Floor | Second Floor |
| Auction type | SARFAESI Auction |
| Bid increment | ₹50,000 |
| Service provider | BAANKNET |
About this property
Flat bank auction in Mahalakshmi Nagar, Koilpadagai Village, Ambattur, Chennai by Indian Overseas Bank — reserve price ₹35,85,000, 990 Sqft, Constructive possession.
Secure a residential flat (No. 52) through an Indian Overseas Bank e-auction in the desirable Mahalakshmi Nagar, Ambattur, Chennai. This second-floor bank auction property boasts a super built-up area of 990 Sqft, coupled with a 460 Sqft undivided share of land. Located within the well-established Koilpadagai Village in Avadi Township, Tiruvallur District, and falling under the North Chennai registration, it offers excellent connectivity and growth potential. The e-auction is scheduled for July 15, 2026, with an attractive reserve price of ₹35.85 Lakhs. Earnest Money Deposit (EMD) is ₹3.59 Lakhs, with inspection available from June 12 to July 14, 2026. This flat for sale presents a prime investment for a homebuyer or investor in Chennai.
GeoSquare note: This residential flat in Mahalakshmi Nagar, Ambattur, Chennai, offers a significant investment opportunity due to its prime location and competitive bank auction pricing. With a constructive possession status and no known encumbrances, the property presents a relatively low-risk acquisition. The reserve price of ₹35.85 Lakhs for a 990 sqft flat in a developing area makes it a strong buy for potential homeowners or investors.
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